NMS-backed USFAS buys Carolina Foot & Ankle

U.S. Foot & Ankle Specialists LLC, a portfolio company of NMS Capital, has acquired Huntersville, North Carolina-based Carolina Foot & Ankle, a provider of podiatric services.

U.S. Foot & Ankle Specialists LLC, a portfolio company of NMS Capital, has acquired Huntersville, North Carolina-based Carolina Foot & Ankle, a provider of podiatric services. No financial terms were disclosed.


New York, NY, June 1st, 2020 – U.S. Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital (“NMS”), announced today that it has acquired Carolina Foot & Ankle of Huntersville. Based in the Lake Norman and Mountain Island Lake area of North Carolina, Dr. Mark Quist, DPM, started Carolina Foot and Ankle of Huntersville in 2002, when he opened up his first location in Huntersville, North Carolina. A few years later, he expanded the practice with a new location in Mountain Island, NC. By 2009, the practice had grown to three locations when it opened an office in Mooresville, NC.

“Dr. Quist is a podiatrist with an excellent reputation in the community and we are thrilled to bring him into the USFAS family. He is a top-notch podiatrist with an excellent team. This acquisition allows us to continue expanding in a desirable market and to further expand our presence in North Carolina. Our partnership with NMS offers us the support and resources to execute on our strategy of partnering with high-quality practices and providers in existing and new markets as we seek to build USFAS as the provider of choice in the podiatric industry,” said Brett Richey, Chief Executive Officer of USFAS.

Dr. Mark Quist commented, “I am excited to join USFAS, a leading podiatry platform with great values who support their podiatrists. My practice and our patients will benefit tremendously from being a part of a larger organization with added services and support for our patients to provide even better patient care.”

As part of the affiliation, Carolina Foot & Ankle of Huntersville will benefit 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 over 50 offices in states including Maryland, Virginia, Pennsylvania, North Carolina and Washington, D.C., and nearly 90 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 Specialized Business Services. For additional information on NMS, visit the firm’s website at www.nms-capital.com