Justin Lambert will lead the company through its next phase of growth and product innovation, fueled by new funds from investors

June 17, 2024 07:00 AM Pacific Daylight Time

NEW YORK–(BUSINESS WIRE)–Nomad Health, the leading digital marketplace for healthcare jobs, today announced it has raised $22 million in a round led by HealthQuest Capital. Other investors include Adams Street, Icon Ventures, Polaris Partners, .406 Ventures, and RRE Ventures. In addition, the company has appointed Justin Lambert as chief executive officer (CEO). Co-founder and former CEO, Alexi Gharib Nazem, MD, will remain on the Nomad Health Board of Directors.

“Nomad pioneered the data-driven temporary healthcare staffing market when it launched the first online marketplace for travel clinicians. The demand is strong for the company’s technology, data insight capabilities, and clinicians which presents tremendous opportunity”

The investment led by HealthQuest Capital will enable Nomad to expand its product portfolio and meet the continued demand for its staffing-enabling technology that puts clinicians where they are needed most – the patient’s bedside – faster. HealthQuest is a growth capital firm focused on innovative healthcare companies.

“Nomad pioneered the data-driven temporary healthcare staffing market when it launched the first online marketplace for travel clinicians. The demand is strong for the company’s technology, data insight capabilities, and clinicians which presents tremendous opportunity,” said Garheng Kong, MD, founder and managing partner of HealthQuest Capital.

Before becoming CEO, Lambert was president and chief operating officer (COO) of Nomad Health, overseeing operations, marketing, and client services. He will guide the company through its next phase of innovation. Justine Lelchuk, senior vice president, operations has been appointed as COO. Prior to joining Nomad in 2021, she was a managing director at Deloitte Consulting.

“For nearly a decade, Nomad has been spearheading the next generation of healthcare staffing with the introduction of new technology and unprecedented promises of transparency and efficiency. The company’s demonstrated ability to consistently deliver for clinicians and clients has earned it the right to keep innovating and pushing the industry forward,” said Lambert. “I am grateful and excited to be appointed CEO by our board and to have the opportunity to help Nomad bring its novel approach and leading technology to more people in more ways.”

Nazem will join the company’s Board of Directors. He served as CEO since founding Nomad in 2015 and led the company through rapid growth fueled by immense demand for its pioneering healthcare staffing platform and jobs marketplace. Under Nazem’s leadership, Nomad enabled thousands of healthcare facilities in all 50 states to connect with more than 300,000 highly qualified travel nurses and allied health professionals to fill critical roles at a 94% on-time start rate.

“We founded Nomad in 2015 to bring innovation to the large but antiquated healthcare staffing market. In the last nine years, Nomad has led the industry through a technology transformation and set new standards for service, transparency, and experience for clinicians and clients alike,” said Nazem. “As Nomad continues to pioneer important new frontiers in healthcare workforce management, I am enthusiastic for Justin to take Nomad to the next level.”

For more information about Nomad Health, please visit www.nomadhealth.com.

About Nomad Health
Nomad Health is transforming the way clinicians discover rewarding career opportunities through an easy-to-use platform with personalized job matches, industry-leading pay, and on-the-job clinical support. Offering healthcare staffing technology backed by human assistance for the entire journey – from profile creation to assignment completion – Nomad Health removes every obstacle between clinicians and the patients they care for. Learn more at www.nomadhealth.com.

About HealthQuest Capital
Based in the San Francisco Bay Area, HealthQuest Capital is a growth capital firm investing in commercial-stage companies that are optimizing value in healthcare by improving outcomes and reducing costs. With more than $1.6 billion in capital under management, the firm focuses on fostering innovation across the healthcare spectrum, including medical technologies, diagnostics, digital health and innovative services. The HealthQuest team combines decades of successful investing experience with deep domain expertise in all aspects of the healthcare industry. For more information, visit www.healthquestcapital.com.

Contacts

Media:
Caroline Curran
Metis Communications
nomadhealth@metiscomm.com

(c)2024 Business Wire, Inc., All rights reserved.