DocGo Inc. has announced the acquisition of telehealth provider SteadyMD, Inc. in a deal worth up to $25 million, combining DocGo’s mobile health and last-mile delivery capabilities with SteadyMD’s nationwide virtual care platform.
Glimpse:
Under the terms of the transaction, DocGo will pay approximately $12.5 million in cash at closing and up to an additional $12.5 million contingent on performance. SteadyMD is expected to generate about $25 million in revenue in 2025 and become EBITDA-positive by 2026. The acquisition gives DocGo access to SteadyMD’s virtual clinician network (over 600 providers) across all 50 states and a projected >3 million patients in 2025.
DocGo Inc. (Nasdaq: DCGO), a technology-enabled provider of mobile health services, medical transportation and integrated care delivery, has completed the acquisition of SteadyMD, Inc., a virtual care platform serving digital health companies, pharmacies, employers and other healthcare innovators. The deal, announced October 20 2025, marks a key strategic step for DocGo in expanding its telehealth and virtual care offering.
SteadyMD brings to the table a fully scaled, nationwide virtual care platform: a network of over 600 clinicians licensed across all 50 U.S. states, technology that matches patient needs with clinicians in real time, and an expected 2025 revenue run rate of $25 million with profitability anticipated in 2026. By integrating SteadyMD’s capabilities into its own mobile-health infrastructure, DocGo aims to create a more comprehensive “hybrid” care model combining mobile, in-home, virtual and transportation services to meet patients “at any address.”
According to the merger agreement, the upfront purchase price is $12.5 million in cash, with an additional contingent earn-out of up to $12.5 million payable in cash or equity at DocGo’s election, tied to performance milestones. DocGo will fund the transaction from existing cash on its balance sheet. The CEO of SteadyMD will join DocGo’s leadership team upon closing.
The acquisition expands DocGo’s footprint in telehealth and positions it to serve more patients across both physical and virtual care pathways. Market reaction was strong: DocGo’s stock jumped significantly in after-hours trading following the announcement. Yet integration risks remain combining operations, aligning clinical workflows and delivering on projected revenue and cost synergies will be essential for the success of this strategic move.
“By combining SteadyMD’s nationwide virtual care platform with our mobile-health services and infrastructure, we can provide our customers with an even more comprehensive platform of last-mile care.”
By
HB Team
