NMS-backed USFAS acquires Foot & Ankle Clinic of the Virginias

U.S. Foot & Ankle Specialists, a portfolio company of NMS Capital, has acquired Foot & Ankle Clinic of the Virginias, a provider of foot and ankle care based in West Virginia.

U.S. Foot & Ankle Specialists, a portfolio company of NMS Capital, has acquired Foot & Ankle Clinic of the Virginias, a provider of foot and ankle care based in West Virginia. No financial terms were disclosed.

PRESS RELEASE

New York, NY, January 4, 2022 – U.S. Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital (“NMS”), announced today that it has acquired Foot & Ankle Clinic of the Virginias (the “Practice”), based in West Virginia.

Foot & Ankle Clinic of the Virginias’ clinic network spans 10 locations throughout Southern West Virginia and Southwestern Virginia, and one vein clinic located in Boardman, OH. Its team of 10 providers have extensive tenure and expertise, and are able to deliver a comprehensive range of care to patients, from foot surgeries and rehabilitation to diabetic foot care and heel pain treatment. The Practice network is known for its excellence in continued education, training, research and the use of modern technology—all of which ensure optimal patient outcomes.

“We’re very fortunate to welcome Foot & Ankle Clinic of the Virginias to our network, because it means adding a team of world-class podiatric physicians and surgeons to our family,” said Cotton Hawes, Chief Executive Officer at USFAS. “Their commitment to continuous improvement and their penchant for delivering the highest caliber of patient care is a testament to everything USFAS stands for.”

“This is an exciting step in the continued evolution of our practice—one we know will improve the level of patient care we’re able to deliver,” said Timothy Donatelli, DPM, Foot & Ankle Clinic of the Virginias. “Partnering with USFAS not only brings visibility to our practices, it helps us to run more efficiently, so we can spend more time focusing on care delivery. We’re excited to explore new synergies and pass the benefits on to our patients.”

With this partnership, Foot & Ankle Clinic of the Virginias will benefit from USFAS’ extensive administrative and support services, which include top-of-the-line information technology, a dedicated clinical compliance team, electronic medical records, payor credentialing and contracting, revenue cycle management, human resources, finance and accounting 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 approximately 80 offices in Maryland, Virginia, West Virginia, Ohio, 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 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, please visit the firm’s website at www.nms-capital.com.