NMS-backed USFAS buys M&L Podiatry

U.S. Foot & Ankle Specialists LLC, a portfolio company of NMS Capital, has acquired North Carolina-based M&L Podiatry, a provider of foot care services.

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

PRESS RELEASE

New York, NY, August 2, 2021 – U.S. Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital (“NMS”), announced today that it has acquired M&L Podiatry, based in North Carolina.

M&L Podiatry has a longstanding family history that makes it the trusted choice among citizens of the Waxhaw, Lincolnton and Matthews, NC communities. The practice is operated by two brothers, Drs. Kevin and Brian Killian, who attended the Dr. William Scholl College of Podiatric Medicine. Dr. Kevin Killian moved to North Carolina to start the practice in 1992, with Dr. Brian Killian later joining in 1994, and have worked together to serve their community with outstanding care for nearly 30 years.

“We at USFAS love the care with which the Killian brothers have built their practice over the last several decades,” said Cotton Hawes, Chief Executive Officer at USFAS. “They have committed themselves to high-quality service to their patients, both in terms of the standards of their treatment and the personal, attentive care they provide. We believe their outstanding work and reputation will make them an excellent fit for our group.”

“Brian and I have been in practice together for close to 30 years, and we are very proud of everything we’ve accomplished in that time,” said Dr. Kevin Killian. “In USFAS, we saw an opportunity for a partnership with an organization that has very similar values and standards of care. This partnership will allow us to benefit from the latest in technology and even more robust support and service. We are thrilled to join the USFAS community and look forward to many more years of serving local patients.”

With this partnership, M&L Podiatry will receive support from the extensive administrative and support services offered by USFAS. Notable services and capabilities include top-of-the-line information technology, greater investments in clinical compliance, 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 over 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.