DocGo Inc. (Nasdaq: DCGO) has announced a definitive agreement to acquire Hicuity Health, a provider of high acuity virtual clinical care services.
The acquisition involves DocGo assuming Hicuity's existing debt, estimated at $52 million, which will mature in December 2029.
Hicuity Health specializes in Tele-ICU, Virtual Nursing, and Telemetry Monitoring services, catering to health systems, hospitals, and post-acute facilities.
This strategic move aims to enhance DocGo's capabilities in delivering virtual care solutions across various healthcare settings.
The acquisition is expected to bolster DocGo's position in the virtual healthcare market by integrating Hicuity's advanced clinical care services.
“The continued evolution of our company into the premier provider of virtual, remote, and in-home healthcare at any address took a major leap forward with our pending acquisition of virtual care provider Hicuity Health,” commented Lee Bienstock, Chief Executive Officer of DocGo. “Hicuity brings technology-enabled acute and critical care telemedicine capabilities, serving a diverse portfolio of health systems across the United States. "