Quadriga Partners advised Onyx M.D. on its sale to Health Carousel

DENVER, March 28, 2019 /PRNewswire/ — Quadriga Partners, LLC (“Quadriga”), an investment bank and transaction advisory group that works closely with companies in the healthcare industry, advised Onyx Healthcare Inc. d/b/a Onyx M.D. (“Onyx”) on its sale to Health Carousel, LLC (“Health Carousel”).

With corporate offices in Denver, CO and Dallas, TX, Onyx is an industry-leading healthcare staffing company with a nationwide client footprint. The practice was founded in 2005 by Dr. Robert Moghim and Jim Chandler, CFA.  Mr. Chandler will continue to lead Onyx post 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 Chief Executive Officer.

“We are extremely proud of what we accomplished with Quadriga,” Jim Chandler, President of Onyx explained. “We wanted an advisor willing to take the time to understand every facet of our business. Quadriga’s deep healthcare staffing expertise, tireless work ethic, and keen understanding of the marketplace provided us exactly what we were looking for. They positioned us in a compelling but accurate manner, generated and evaluated a host of strategic options, and ultimately, delivered a result far superior to anything we could have accomplished on our own.” 

Jason Ficken, Managing Partner of Quadriga, explained, “We could not be more appreciative for the opportunity to partner with Onyx, a true thought leader in the locum tenens sector. For more than a decade, Dr. Moghim and Jim built a company dedicated to delivering superior care providers to hospital clients across the country. The philosophical alignment between Onyx and Health Carousel is truly unique and we are eager to help this partnership flourish going forward.”

For additional information, please contact Jason Ficken at jficken@quadrigapartners.com | (303) 495-5514 or Spencer Collins at scollins@quadrigapartners.com | (303) 446-7222.

About Quadriga Partners:

Quadriga is a middle-market investment bank that works exclusively with companies in the healthcare industry.  Headquartered in Denver, CO, Quadriga provides mergers and acquisitions, capital raising, and strategic advisory services. For additional information on Quadriga and its zealous fixation on serving client partners with a creative, solutions-oriented approach, please visit www.QuadrigaPartners.com.

About Onyx M.D.:

Founded in 2005, Onyx is a leading healthcare staffing company serving all 50 states. With corporate offices in Denver, CO and Dallas, TX, 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 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 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 (NEXTLocums and Onyx).

SOURCE Quadriga Partners, LLC

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