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Announced

Completed

DocGo went public via a SPAC merger with Motion Acquisition in a $1.1bn deal.

Financials

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Transaction Value£648m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Medical Services

United States

Private

Merger

Single Bidder

medical services

Domestic

Friendly

Acquisition

Majority

Reverse Takeover

De-SPAC

Private Equity

Completed

Synopsis

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DocGo, a provider of mobile medical services and patient transportation, went public via a SPAC merger with Motion Acquisition, a special purposes acquisition company, in a $1.1bn. PIPE investors included Light Street Capital and Moore Strategic Ventures. "We are thrilled to announce the completion of our business combination with Motion and advance to this next chapter as a public company. Today represents a significant milestone in our journey, and we are eager to use this additional capital to fuel growth as we expand our geographic footprint in Mobile Health services," Stan Vashovsky, DocGo CEO.

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