Health Carousel Announces Acquisition of Onyx M.D.

February 19, 2019

Health Carousel, a premier provider of healthcare workforce solutions, today announced the acquisition of Onyx M.D., one of the leading locum tenens (temporary) physician and advance practice staffing companies in the nation. Onyx M.D. has corporate offices in Denver, CO and Dallas, TX.Onyx M.D. was founded in 2005 by Dr. Bobby Moghim and Jim Chandler, CFA. Jim will continue to lead Onyx M.D. after the acquisition. Dr. Moghim, a Board Certified Anesthesiologist, will focus on Colorado Pain Care, a Denver-area pain management practice that he also co-founded and currently serves as CEO.Onyx M.D. will continue to operate under its own brand after the transaction. Onyx M.D. will also work with NEXTLocums, another Health Carousel locum tenens brand, to better serve both candidates and customers.  NEXTLocums is led by Stacey Stanley, who is also the current President of the National Association of Locum Tenens Organizations (NALTO).

We are thrilled to welcome Onyx M.D. into the Health Carousel family. Onyx has a long legacy of high quality customer service and their employees are experienced leaders in the locum tenens industry. Together, we can work to overcome the nation's chronic physician and advanced practice professional shortages to ensure that all patients have access to qualified clinicians. - Bill DeVille, CEO of Health Carousel

The combined revenues of Onyx and NEXTLocums would rank 13th on the latest Staffing Industry Analyst ranking of the largest locum tenens businesses in the country. “I am proud that Onyx has become one of the leading locums agencies in the nation,” said Dr. Moghim. “Health Carousel is the absolute right partner for the next chapter in Onyx’s journey. Together, Health Carousel and Onyx will be able to better serve our highly qualified physicians, nurse practitioners, and physician assistants as well as our healthcare provider customers.”

In 2018, Health Carousel was recognized by Staffing Industry Analyst’s (SIA) as the 12th-fastest-growing U.S. staffing firm, the 17th largest healthcare staffing company in the nation, and was listed on the Inc. 5000 Fastest Growing Companies in America list for the third consecutive year.Health Carousel has completed three other acquisitions since 2015, including the acquisition of the locum tenens division of Randstad Healthcare (Locum Medical Group) in October 2018.

About Health Carousel

Health Carousel was founded in Cincinnati, OH in 2004 with a vision to build a company that could address the short-term and long-term workforce challenges faced by U.S. healthcare organizations and ensure that patients have access to qualified healthcare professionals when and where they need them. Health Carousel’s mission is to improve lives and make healthcare work better.  Today, Health Carousel operates a leading international healthcare staffing business (PassportUSA), a master supplier in the nurse travel staffing business (Health Carousel Travel Network), and two industry-leading locum tenens companies in the country (NEXTLocums and Onyx M.D.).

About Onyx M.D.

Founded in 2005, Onyx Healthcare Inc. d/b/a Onyx M.D. is a leading healthcare staffing company serving all 50 states. With corporate offices in Denver and Dallas, the firm focuses on the placement of physicians and advanced practice providers of all specialties in locum tenens (temporary assignments), locum-to-perm, and permanent positions throughout the United States. The company was founded by a physician with a proven track record of building and operating healthcare practices as well as practice management entities. This factor gives Onyx M.D. an established credibility and strong understanding of both the provider and client perspectives. The company is committed to delivering elite, professional, and memorable medical placement experiences and has been awarded Inavero’s Diamond Award for Best of Staffing five years in a row for exceptional client satisfaction and service quality.

About Health Carousel

Health Carousel is committed to partnering with world-class healthcare facilities across the country, providing rewarding assignments for Registered Nurses and Allied Health Professionals, and attracting the best internal talent at all career levels.