NMS-backed USFAS acquires Family Foot and Ankle Center

U.S. Foot & Ankle Specialists LLC, a portfolio company of NMS Capital, has acquired Northern Virginia-based Family Foot and Ankle Center, a podiatric services provider.

U.S. Foot & Ankle Specialists LLC, a portfolio company of NMS Capital, has acquired Northern Virginia-based Family Foot and Ankle Center, a podiatric services provider. No financial terms were disclosed.

PRESS RELEASE

New York, NY, July 7, 2021 – U.S. Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital (“NMS”), announced today that it has acquired Family Foot and Ankle Center (“FFAC”), based in Northern Virginia. Dr. Richard Mendelsohn founded FFAC in 1987, and has since expanded to four locations in Ashburn, Fairfax, McLean, and Reston, VA.

“Dr. Mendelsohn has been in practice for over thirty years in the Northern Virginia area and has built a culture of excellence and continuous innovation in delivering the highest level of podiatric care. USFAS is dedicated to providing the most current, evidence-based treatment options and excellence in customer service for all of our patients. This acquisition allows us to continue building our presence in Virginia. With the resources and support of our partners at NMS, we will continue our mission of becoming the provider of choice in the podiatric industry,” said Cotton Hawes, Chief Executive Officer of USFAS.

“We are very excited to partner with a company that shares our same values and will allow our patients and practice to benefit from state-of-the-art technology, enhanced service offerings, and a robust support system. As we move forward, we believe this partnership will provide our Northern Virginia community with the highest standard of podiatric care available,” said Dr. Richard Mendelsohn, DPM and Board Member of the Medical Society of Northern Virginia.

As part of the affiliation, FFAC will now receive support from USFAS’s extensive administrative and support services, including investments in clinical compliance, information technology, electronic medical records, revenue cycle management, payor credentialing and contracting, finance and accounting, human resources, and business development.

About U.S. Foot & Ankle Specialists
USFAS is a leading provider of podiatric services providing a full range of specialty services for the advanced treatment of foot and lower extremity conditions. Headquartered in Rockville, Maryland, USFAS provides services through a growing network of about 70 offices in Maryland, Virginia, Pennsylvania, North Carolina, and Washington, D.C., and over 100 Board Certified and Board Qualified podiatrists. USFAS is an affiliate of Foot & Ankle Specialists of the Mid-Atlantic and NMS Capital, with plans to expand nationally. For additional information on USFAS, visit the company’s website at www.footandankle-usa.com

About NMS Capital
NMS Capital is a New York headquartered private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. The Firm was formed through the spin-out of a group of portfolio companies from the Goldman Sachs Merchant Banking Division. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends with particular concentration on companies in Healthcare Services and Business Services. For additional information on NMS, visit the firm’s website at www.nms-capital.com.