DocGo CEO's comments on migrant contracts appear inaccurate

 DocGo CEO Anthony Capone made apparent misstatements to investors about the publicly traded company’s business dealings, including inflating the amount of a federal contract that it’s pursuing to provide services for migrants at the southern border.

And as part of the work, Capone said his publicly traded company is signing up migrants in its care for Medicaid plans. Becoming their primary care provider, he said, can yield monthly member reimbursement for the company.

Capone detailed how his for-profit company stands to benefit financially from the shelter contract during a one-on-one interview last month at the Canaccord Genuity 43rd annual growth conference, which is held by an investment banking and financial services company.

“We did this, in large part, because it gave us all of the credibility to win the Border Patrol” contract, Capone said. “Now that we are one of the largest care providers for asylum seekers in the country, it gives us enormous credibility. And we have references from the city who handles the largest amount.”

Capone expects the federal contract to be awarded this month. The five-year contract is for providing medical services at the southern border. DocGo recently submitted its application, Capone said, after working on it for about eight months.

The federal government previously awarded the contract, but a company formally protested the award, restarting the bid process and, as a byproduct, giving DocGo a second chance with the New York City migrant work to cite at the top of its resume. 

“We have all this expectation now,” Capone said. “Our application is a lot stronger.”

https://www.timesunion.com/state/article/docgo-looks-toward-4-billion-migrant-contract-18340462.php