Nomad Well being, which gives a web-based job portal for short-term healthcare employees, introduced it has secured $22 million.
HealthQuest Capital led the spherical, with participation from Icon Ventures, Adams Avenue, .406 Ventures, RRE Ventures and Polaris Companions.
The corporate additionally introduced it has appointed Justin Lambert as its new CEO, changing former CEO Dr. Alexi Gharib Nazem, who cofounded the corporate and has led as its CEO since 2015. Nazem will stay on Nomad’s board of administrators.
Lambert previously served as Nomad’s president and chief working officer. The corporate’s senior vp of operations, Justine Lelchuk, will take Lambert’s place as COO.
WHAT IT DOES
Nomad supplies a staffing market for short-term employees, permitting customers to seek for job openings nationwide, search by pay and specialty, apply for positions and handle their resumes.
The New York-based firm will use the funds to increase its product portfolio.
“For practically a decade, Nomad has been spearheading the following technology of healthcare staffing with the introduction of recent expertise and unprecedented guarantees of transparency and effectivity,” Lambert mentioned in a press release.
“I’m grateful and excited to be appointed CEO by our board and to have the chance to assist Nomad deliver its novel strategy and main expertise to extra folks in additional methods.”
MARKET SNAPSHOT
In 2021, Nomad secured $63 million in new fairness and debt financing, and, a yr later, it scored a whopping $105 million in financing, bringing its whole increase to greater than $200 million.
Final yr, the corporate laid off 17% of its workforce. An organization spokesperson informed MobiHealthNews that the layoffs had been wanted to realign its staffing to match the fluid exercise within the post-pandemic market.
Different corporations working to handle staffing shortages in healthcare embrace Virginia-based ShiftMed, which connects nurses with out there shifts at healthcare services. Final yr, the corporate scored $200 million in funding.
ShiftKey is a startup that connects healthcare employees and services with open shifts. Final yr, it raised $300 million, bringing its valuation to greater than $2 billion.
In 2022, nurse-staffing market Unbelievable Well being scooped up $80 million in Collection B funding, boosting its valuation to $1.65 billion, and healthcare-staffing market Clipboard Well being introduced it had raised $80 million throughout two funding rounds, bringing its valuation to $1.3 billion.
