DocGo falls after report New York City Comptroller rejects $432 mln contract to co

DocGo

06/09/2023 17:10

** Shares of health services company DocGo Inc  DCGO.O  fall
14.7% to $6.97
    ** The New York City comptroller's office rejects a $432 mln
migrant services contract that New York City officials gave to
DocGo, according to a New York Times report
    ** The comptroller questions why the administration of Mayor
Eric Adams chose a firm to care for migrants that had no
experience doing so - report
    ** "Notwithstanding yesterday's response from the
comptroller, we have received assurance from the Mayor's office
that NYC intends to fully pay DocGo for the services delivered
under this contract, both historically and going forward," a
DocGo spokesperson told Reuters in an email
    ** Including session moves, stock down ~1.4% YTD

 (Reporting by Mariam Sunny in Bengaluru)
 ((Mariam.ESunny@thomsonreuters.com;))