DocGo Says Its UK-Based Subsidiary Awarded 5-Year Contract To Provide Emergency And Urgent Ambulance Services For South Central Ambulance Service NHS Foundation Trust; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
DocGo's UK-based subsidiary has been awarded a 5-year contract to provide emergency and urgent ambulance services for South Central Ambulance Service NHS Foundation Trust. The contract includes the provision of 16 ambulances per day for paramedic-led frontline urgent and emergency response. No financial terms were disclosed.
October 09, 2023 | 11:37 am
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POSITIVE IMPACT
DocGo has secured a 5-year contract for its UK-based subsidiary to provide emergency services, which could potentially increase its revenue and profitability over the contract period.
The news of a new contract win is generally positive for a company as it indicates potential future revenues. Given that this is a 5-year contract, it provides a degree of revenue certainty for DocGo over the contract period. However, without the financial terms disclosed, the exact impact on the company's bottom line is uncertain.
CONFIDENCE 90
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RELEVANCE 100