DocGo (DCGO) investor relations material

Strategic rationale and market context

• Acquisition of Hicuity Health aims to create a vertically integrated care platform spanning hospital to home, addressing clinician shortages and rising demand for efficient, technology-enabled healthcare delivery.

• Hicuity brings expertise in Tele-ICU, Hospital at Home, and remote monitoring, complementing existing mobile health and virtual care capabilities.

• The combined platform targets improved patient transitions, care coordination, and expanded service offerings for health systems and payers.

• Cross-selling opportunities are identified, leveraging both companies’ established customer bases in hospitals and health systems.

• Market trends such as aging population and increased telehealth adoption underpin the strategic need for integrated, scalable care solutions.

Transaction structure and financials

• DocGo will acquire Hicuity by assuming $52 million of debt (SOFR + 7.5%), issuing 2% of its stock to Hicuity’s preferred shareholder, and providing additional equity if market cap milestones are met.

• Perceptive Advisors committed up to $50 million in additional debt financing, with initial tranches tied to transaction milestones and revenue thresholds.

• Hicuity generated $65 million in trailing 12-month revenue and $4.5 million in adjusted EBITDA, with revenue streams from ICU, Hospital at Home, and telemetry services.

• Hospital at Home is a fast-growing segment, accounting for $20 million in revenue, primarily from a single large client with 20% YoY growth.

• DocGo expects to use increased profitability and incoming receivables to service and pay down the assumed debt.

Integration and synergy plans

• Integration will focus on operational efficiency, technology and clinical coordination, and commercial growth, with $4.3 million in annual cost savings already identified.

• Cost savings will be realized through clinical productivity, leadership optimization, and facilities rationalization, with additional upside under evaluation.

• Back-office technology stacks will be integrated quickly to unlock savings, while customer-facing platforms will be unified more gradually.

• The first 100 days post-closing will prioritize business continuity, followed by phased operational and commercial integration throughout 2027.

• Experience from the SteadyMD acquisition, which improved telehealth volume, clinical headcount, and profitability, will inform the Hicuity integration.