June 21, 2022

New York, NY, June 21, 2022 – U.S. Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital (“NMS”), announced today that it has acquired Podiatric Care of Northern Virginia, which operates a practice in Leesburg.

Family owned and operated since 1982, Podiatric Care of Northern Virginia emphasizes a strong sense of family in its practice. The practice provides a complete suite of medical and surgical treatments, including care for heel pain, ankle sprains, athlete’s foot, corns, flat feet, diabetic foot care and more. In addition to the services provided at its Leesburg office, the practice provides care at several local assisted living and nursing facilities, as well as home visits for patients who meet certain criteria. Inpatient services for trauma and limb salvage are also provided at Inova Loudoun Hospital.

Podiatric Care of Northern Virginia was started by Dr. Rodney Kander, with Dr. William Knudson taking over the practice in 2011. Dr. Knudson is Board Certified by the American Board of Podiatric Surgery and an expert in comprehensive care of feet and ankles, with an emphasis on preventative treatment. He is also a faculty member in the Podiatric Residency Program at Inova Fairfax Hospital. Dr. David Lee Chan joined the practice in 2020. Dr. Chan is Board Qualified by the American College of Foot and Ankle Surgeons and completed his residency at East Liverpool City Hospital in Ohio, where he developed a familiarity with and understanding of cutting-edge foot and ankle surgical techniques.

“Dr. Chan and I are pleased to join USFAS and are excited to have the opportunity to treat our patients with the significant support the organization provides to practices within its network,” said Dr. Knudson. “Patient care is always our first priority, and we look forward to continuing to offer everyone who visits our practice, from pediatric to geriatric patients and everyone in between, the highest quality of treatment.”

“Podiatric Care of Northern Virginia truly exemplifies the best in foot and ankle care, and I couldn’t be prouder or more thrilled to be welcoming their practice into our network,” said Cotton Hawes, Chief Executive Officer at USFAS. “We look forward to helping these skilled physicians continue to build on the 40-year legacy of their practice.”

With this partnership, Podiatric Care of Northern Virginia 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 nearly 100 offices in Maryland, Virginia, Pennsylvania, North Carolina, West Virginia, Ohio, New Jersey, 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

Founded in 2010, NMS Capital is an experienced private equity firm managing assets in excess of $1.4 billion. Since inception, NMS has partnered with management teams in over 100 investments and follow-on acquisitions across defined investment themes within the Business Services and Healthcare Services industries. The firm’s principal strategy is to create long-term value by providing strategic and operational resources to growth-oriented companies led by founders or experienced management teams. NMS has a track record of successfully building industry leading lower middle market companies in defensible and scalable end markets by accelerating organic and acquisition-driven growth. For additional information on NMS, please visit the firm’s website at www.nms-capital.com. Follow NMS Capital on www.linkedin.com/company/nms-capital.

For Further Information

Brett Richey
Executive Chairman
US Foot & Ankle Specialists
(434) 373-0720