Ambulnz merges with SPAC
March 10, 2021- Share:
Mobile medical service provider Ambulnz has agreed to go public through a SPAC, Motion Acquisition Corp., at a valuation of $1.1 billion. After the deal is complete, the company will be renamed DocGo. In 2020, the company generated $94 million in revenue, a nearly twofold increase from its 2019 revenue of $48 million.
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