USFAS buys Piedmont

US Foot & Ankle Specialists LLC, a portfolio company of NMS Capital, has acquired Piedmont Foot & Ankle Clinic, a provider of podiatry care in North Carolina.

US Foot & Ankle Specialists LLC, a portfolio company of NMS Capital, has acquired Piedmont Foot & Ankle Clinic, a provider of podiatry care in North Carolina. No financial terms were disclosed.

PRESS RELEASE

New York, NY, March 3, 2020 – US Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital, has announced the acquisition and partnership of Piedmont Foot & Ankle Clinic, (“Piedmont” or the “Company”). Piedmont has served the Greater Raleigh area for over 50 years. The Company now has six podiatrists in four locations throughout Cary, Apex, Dunn, and Benson, NC treating over 25,000 patient encounters per year.

“Piedmont has been serving the Greater Raleigh community since the 1950s. Their loyalty and dedication to patient success makes them an asset to our team, mission, and vision. Dr. Nolan shares USFAS’ view that foot and ankle care elevates people’s lives. Podiatry elevates foot and ankle care, and together with USFAS we can continue to elevate podiatry. We are pleased to partner with and grow alongside caring and compassionate doctors in North Carolina and change more patients’ lives within the communities of Cary, Apex, Dunn, and Benson,” said Brett Richey, Chief Executive Officer of USFAS.

“The partnership with USFAS is a very exciting time for our patients, our employees, and our podiatrists. We get the benefits of assistance and additional compliance and financial resources from USFAS while still maintaining our autonomy in our existing locations,” said Jason Nolan, DPM, physician leader of Piedmont Foot & Ankle Clinic. “In addition to continuing to receive personal podiatric care, our patients will benefit from the progressive technology, treatments, and overall support USFAS provides.”

Piedmont will continue to provide high-quality care to patients in their four offices. They will continue to conduct personalized podiatric care to patients with USFAS’ foundation of 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 network of over 40 offices in states including Maryland, Virginia, Pennsylvania, North Carolina and Washington, D.C and over 80 Board Certified and Qualified podiatrists. 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.