DocGo receives $90M line of credit

Telehealth company DocGo has received a $90 million line of credit, with Citibank acting as the administrative agent for the transaction.

The company plans to use the funding to explore merger and acquisition opportunities, according to a Nov. 2 DocGo news release.

"We are seeing many compelling opportunities in the market to further expand our mobile health solution or enter into new territories," DocGo chief financial officer Andre Oberholzer said in the news release. "We have a very strong balance sheet and positive cash flow to fund our operations."

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