MTM’s Acquisition of Veyo Finalized After August 1 Closing
Earlier this summer, MTM revealed our planned acquisition of Veyo, the non-emergency medical transportation (NEMT) industry’s third largest broker. Now, we are excited to announce the acquisition has been finalized. The deal closed on August 1, with integration activities set to begin immediately.
Founded in 2015, Veyo leverages data, technology, and their Independent Driver Provider (IDP) model to improve access to care. With combined revenue of approximately $1 billion, MTM and Veyo will jointly serve 15.4 million members in 31 states and the District of Columbia, providing nearly 21 million annual trips.
“With the fusion of the MTM and Veyo organizations, we are excited to deliver more benefits to our NEMT clients and members than ever,” said MTM’s President and CEO Alaina Macia. “The healthcare industry is innovating at a rapid pace, and the NEMT market is no different. Combining MTM’s customer service focus and Veyo’s innovative processes and tools, we’re primed to deliver an unmatched transportation experience to health plans and their members nationwide.”
The organizations plan to seamlessly align operations to ensure minimal impact on day-to-day services. Veyo clients and their members should expect little to no change in their NEMT program during the initial transition.
“Our foremost goal is to ensure the integration of Veyo under the MTM umbrella is transparent to our NEMT stakeholders, with improvements and operational alignment in the near future,” said Veyo CEO and co-founder Josh Komenda, who will stay on board with MTM in a leadership role. “Veyo and MTM are both companies that were built on cultures of innovation and excellence, and that commitment will be unchanged. We look forward to integrating with MTM to unify our NEMT models, enhance access to healthcare, and improve healthcare outcomes for Medicaid and Medicare members nationwide.”
The future of NEMT is here, and we are excited to transform the industry as a joint organization!