NMS Capital-backed USFAS acquires North Carolina podiatric practice

US Foot & Ankle Specialists LLC, a portfolio company of NMS Capital, has acquired Family Foot & Ankle Center PA, a podiatric practice in North Carolina.

US Foot & Ankle Specialists LLC, a portfolio company of NMS Capital, has acquired Family Foot & Ankle Center PA, a podiatric practice in North Carolina. No financial terms were disclosed.


New York, NY, September 1st, 2020 – US Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital, is pleased to welcome Family Foot & Ankle Center, P.A. (“FFA”) as part of its growing platform of podiatrists. FFA has two offices in the Raleigh, NC, and Henderson, NC areas and has been serving the surrounding community since 1977.

“We are excited to welcome Dr. Douglas Smith and Dr. Patrick Dougherty to the USFAS team. As a practice which has served the Raleigh and Henderson areas for over 40 years, their extraordinary care, compassion, and focus on podiatric excellence are values that align with those of USFAS,” said Brett Richey, Chief Executive Officer of US Foot & Ankle Specialists.

“This is USFAS’s fourth affiliation in North Carolina in as many months, and we are very pleased with this accomplishment given the challenges in the broader economic environment related to Covid-19,” Mr. Richey added.

“We are proud to join USFAS, who have a shared vision and mission of patient-centered care. Our patients will continue to receive great care by our local podiatrists and benefit from the support USFAS has to offer,” said Douglas Smith, DPM, physician leader of FFA.

FFA will maintain its two locations in Henderson, NC, and Raleigh, NC, to provide quality patient care. FFA 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 US 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 through Board Certified and Board Qualified podiatrists. Headquartered in Charlottesville, Virginia, USFAS provides services through a growing platform of 58 offices in states including Maryland, Virginia, Pennsylvania, North Carolina and Washington, D.C and 96 Board Certified/Qualified podiatrists.

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.