DocGo Inc.
DocGo Inc. (NASDAQ: DCGO) is a publicly traded medical staffing firm that received a $432M emergency, no-bid contract from NYC in 2023 to provide medical and support services at migrant arrival centers including the Roosevelt Hotel. The contract triggered a NYC Comptroller investigation for emergency procurement abuse and a whistleblower complaint alleging substandard care and inflated billing. DocGo stock fell following public disclosure of the investigation.
$432M contract awarded without competitive bidding under emergency designation. NYC Comptroller Brad Lander opened a formal investigation in 2023.
Former DocGo employee filed complaint alleging migrants were transported to hotels in inadequate condition and that billing records were padded.
DocGo had no prior NYC government contract history before the $432M award. The company's core business is ambulance and mobile health services.
DocGo (NASDAQ: DCGO) is publicly traded. The NYC contract represented a significant portion of reported revenue; stock declined after investigation disclosure.
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