DocGo agrees to acquire virtual care provider Hicuity Health, assumes $52M debt
DocGo is acquiring the virtual care provider by assuming approximately $52 million in existing debt.
DocGo, a mobile health and medical transport company, has agreed to acquire Hicuity Health, a virtual care provider. Hicuity Health offers high-acuity virtual clinic care, including tele-ICU, virtual nursing, and telemetry monitoring services. The agreement includes a $52 million debt assumption by DocGo. Perceptive Advisors has committed to providing up to an additional $50 million of financing to DocGo.
DocGo's Q2 2026 revenue was $73.4 million, down from $80.4 million a year ago, primarily due to the wind-down of migrant-related programs that generated zero revenue in Q2 2026. Excluding these programs, DocGo's Q2 revenue increased 19% year-over-year. The company reported $52 million in medical transportation services revenue in Q2 2026, up about 5% from the same period a year ago.
Mobile health services revenue for Q2 2026 was $21.4 million, down 30% from $30.8 million in Q2 2025, due to the wind-down of migrant-related programs. However, excluding revenue from migrant-related programs, mobile health services revenue increased 78% from $12 million in Q2 2025, driven by organic growth and the inclusion of revenue from SteadyMD.
DocGo surpassed 1.7 million patients since its inception, up 100,000 patients from last quarter. The acquisition is expected to create a combined entity with significant growth opportunities and greater financial liquidity.
Written by urgent.news from Fierce Healthcare's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
