October 4, 2022

New York, NY, October 4, 2022 – U.S. Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital (“NMS”), announced today that it has acquired Indian Valley Podiatry Associates, P.C. (“Indian Valley”), which operates two clinics in Pennsylvania, and Advanced Foot & Ankle Center PA (“Advanced Foot & Ankle”), which operates three clinics in Delaware.

With offices in Souderton and Harleysville, Indian Valley emphasizes high-quality foot care in a state-of-the-art environment. The practice treats patients of all ages, offering medical and surgical care related to the diagnosis, treatment, and prevention of a full range of foot and ankle injuries, conditions, and diseases. Among the treatments it provides are laser therapy, surgery, treatment for chronic foot conditions, diabetic foot care, sports injury treatment, and acute foot care.

Dr. Philip Bresnahan leads the practice, bringing over 30 years of experience to his work with patients. A fellow of the American College of Foot and Ankle Surgery, he is also a former president of the American College of Foot and Ankle Pediatrics and on staff at Grand View Hospital. Dr. Michelle Morrissey brings experience in lower extremity reconstruction, forefoot and rearfoot/ankle reconstruction, diabetic wound care, limb salvage, and sports medicine to the practice, and provides foot and ankle pathology treatment to children as well as adults. Dr. Liliya Kalyan is trained in forefoot and rearfoot procedures, diabetic limb salvage, dermatological disorders, and other treatments through Aria Hospitals in Philadelphia.

“We’re excited to partner with USFAS to better serve the needs of our patients and enhance the capabilities of our practice,” said Dr. Bresnahan. “As practitioners, we’re committed to bringing the latest in podiatric treatment approaches and technology to our patients to better address any foot and ankle issues they may be experiencing. With this additional support from USFAS, we look forward to being able to focus our energies on patient care and treatment.”

With offices in Newark, Wilmington, and Middletown, Advanced Foot & Ankle treats patients throughout Delaware, providing diagnostic, treatment, and surgical services for a full range of foot and ankle conditions. In addition to handling routine foot care, the practice’s two podiatrists and support staff are equipped to address diabetic foot care needs, bunions, heel pain, stress fractures, fungal toenails, as well as perform foot and ankle surgeries and provide custom orthotics and shoes. The practice is committed to leveraging the latest developments in medical technology, and strives to ensure cutting-edge treatments are available to its patients.

Dr. Raymond DiPretoro, Jr., who is Board Certified by the American Board of Podiatric Surgery and a fellow of the American College of Foot and Ankle Surgeons, is the head of the practice. A practicing podiatrist for over 30 years, Dr. DiPretoro specializes in caring for complex foot and ankle wounds, and is also well-versed in surgery, diabetic foot care, and sports injuries. Dr. Aabha Suchak is Board Certified by the American Board of Foot and Ankle Surgery, as well as a Certified Wound Specialist credentialed by the American Board of Wound Management. She is active in numerous professional associations and organizations, including the American College of Foot and Ankle Surgeons, and is president-elect of the Delaware Podiatric Medical Association.

“Practices like Indian Valley Podiatry Associates and Advanced Foot & Ankle Center are true leaders in the field of podiatry and make a difference for their patients every single day,” said Cotton Hawes, Chief Executive Officer at USFAS. “We’re excited to partner with them and assist them in continuing to serve their patients as effectively as possible.”

“Our practice is dedicated to ensuring our patients are able to receive the very highest quality of foot and ankle care, and we’re honored to be joining USFAS’ esteemed network of practices,” said Dr. DiPretoro. “With the support of USFAS, we’ll be well equipped to maintain our focus on the individuals in our care, and our patients will benefit from a positive experience as a result.”

With this partnership, Indian Valley Podiatry Associates and Advanced Foot & Ankle Center 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 more than 100 offices in Maryland, Virginia, Pennsylvania, North Carolina, West Virginia, Ohio, New Jersey, Delaware, Illinois, Missouri, Florida, and Washington, D.C., and over 150 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