What You Should Know:
– Nomad Health, a leading digital marketplace for temporary healthcare jobs, today announced the closing of a $105M financing co-led by Adams Street Partners and Icon Ventures. New equity investor HealthQuest Capital committed the largest sum and was joined by existing investors Polaris Partners, .406 Ventures, AlleyCorp, and RRE Ventures, and new debt providers J.P. Morgan and Trinity Capital. This brings Nomad’s total funding to over $200M since its founding in 2015.
– Since its founding in 2015, Nomad has been transforming the healthcare staffing industry through its revolutionary jobs marketplace. The cutting-edge online platform streamlines the process of connecting healthcare workers with critical short-term jobs, bringing technology-driven transparency, ease of use and efficiency to the antiquated staffing industry, while also enabling better compensation to clinicians.
Expansion to Allied Health Professionals
Nomad’s latest financing round comes as the healthcare staffing crisis reaches a new high. With the strains of the COVID-19 pandemic, an aging population, and high rates of burnout among American healthcare workers, the need for providers at facilities across the country has never been more acute. In addition to continuing to support the rapidly growing demand for its travel nursing product, Nomad will use this new funding to expand its marketplace beyond travel nurses to now serve an expansive group of allied health professionals, including laboratory technicians, physical therapists, and ultrasound technicians.
“In the past year, Nomad has experienced tremendous growth in a category we pioneered, connecting temporary healthcare workers to hospitals and healthcare systems seamlessly through technology,” said CEO and co-founder Alexi Gharib Nazem, M.D., M.B.A. “The COVID-19 pandemic has exposed and accelerated the healthcare workforce crisis that has been a powerful undercurrent in healthcare for decades. This 21st century scale problem direly needs a 21st century solution. We have been working hard to think differently and to apply technology, sophisticated data science, and best business practices from across industries so that Nomad can more efficiently, effectively, and scalably serve clinicians of all types at health systems all across the country.”
Nazem went on to say, “We are truly excited to expand our marketplace to more clinicians, bringing us a step closer to achieving our mission of eliminating the barriers between providers and patients. We could not be more excited for this important next stage of our company’s journey.”
