San Diego's Veyo , which bought an Uber model to health care transportation, is being acquired rival MTM [The San Diego Union-Tribune]
The acquisition, which has not yet closed, is expected to bring
Veyo said its annual revenue is about
The combined companies expect to provide 20 million trips per year to people in 31 states and
Co-founded in 2015 by Chief Executive
About 3.6 million people forego medical care each year because of transportation issues, according to the
Veyo trained independent drivers in CPR, HIPPA rules, Americans with Disabilities Act procedures and other skills, and it inspected vehicles. Non-emergency transportation is covered for certain Medicare and Medicaid members, which in
Komenda will stay on with
"While technology and innovation are incredibly important, so is the human touch and that's where our vision for the future lies," said Komenda in a statement. "With this fusion of our companies, we're bringing together the best of both worlds: MTM's customer service focus and Veyo's technology prowess and Independent Driver Provider model."
Medical Transportation, also a broker, has been in business since 1995. A privately held, women-owned business, it handled more than 13 million trips per year to Medicaid and Medicare members, among others, prior acquiring Veyo.
The company manages non-emergency medical transportation for state and county governments, and is
This story originally appeared in
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