DocGo Stock Surges 40% on SteadyMD Acquisition to Expand Telehealth Reach
DocGo shares skyrocketed in premarket trading after announcing its acquisition of VIRTUAL care platform SteadyMD. The $25M-revenue telehealth provider will be integrated into DocGo's mobile health services, creating a hybrid care model spanning in-person and digital channels.
Market enthusiasm reflects growing investor appetite for healthcare-tech hybrids. The deal positions DocGo to capitalize on post-pandemic demand for remote care solutions, with SteadyMD projected to turn EBITDA positive by 2026. Leadership transitions and revised 2025 guidance will be disclosed in November earnings.