New York, NY, March 23, 2023 – U.S. Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital (“NMS”), announced today that it has acquired Foot and Ankle Specialists, P.C., which operates two clinics in Michigan, Podiatry Inc., which operates four clinics in Ohio, and Bethel Foot and Ankle, which operates a clinic in Connecticut.
Augusta Podiatric Medicine & Surgery is owned and operated by Dr. John Ocheltree, a graduate of the Ohio College of Podiatric Medicine who has applied his extensive podiatric experience throughout the Commonwealth of Virginia, including at Augusta Health. Specializing in Achilles tendon rupture and ankle pain treatment, as well as preventive and proactive care, Dr. Ocheltree is known for delivering compassionate care that’s well-tailored to each patient’s unique condition.
“As a solo practitioner, I’m excited to explore the tremendous opportunities that accompany a partnership with USFAS,” says Dr. John Ocheltree. “I’m looking forward to joining a group that prioritizes technology and innovation, and one that prizes service excellence and patient experience. There are limitless opportunities for synergy, and I’m eager to capitalize on them.”
Center for Foot and Ankle Care, PC offers patients a full range of podiatric services, including injury rehabilitation, surgery, skin and toenail treatment, custom orthotics, treatment for bunions and hammertoes, and much more. The clinic is owned and operated by Dr. Barry Saffran, a graduate of Temple University School of Podiatric Medicine who completed his residency at St. Joseph’s hospital in Philadelphia, Pennsylvania. Dr. Saffran is lauded by patients for his dedicated, empathetic approach, as well as timely appointments and emergency treatments. Patients can also rely on state-of-the-art techniques and equipment that ensures the highest standard of podiatric care for their unique condition.
“USFAS brings a confluence of technologies and practice optimizations to the table that I believe will unlock a wealth of opportunities for my practice,” says Dr. Barry Saffran. “I’m eager to continue putting the focus and attention on patients and procedures, while gaining practice-side support that enables my staff and I to do what we’re known for, better.”
“USFAS is excited to welcome these practices and the podiatric professionals who make them exceptional,” says Cotton Hawes, Chief Executive Officer at USFAS. “As we continually seek to raise the bar for excellence by bringing reputable practices into our family, these newest additions are a testament to the values we seek to uphold. Together, we’re going to do great things.”
With this partnership, all practices 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 150 offices in Maryland, Virginia, Pennsylvania, North Carolina, West Virginia, Ohio, New Jersey, Delaware, Illinois, Missouri, Florida, Kentucky, South Carolina, Wisconsin, Michigan, Connecticut, and Washington, D.C., and more than 200 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 $1.5 billion. Since inception, NMS has partnered with management teams in over 115 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 successfully built 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
US Foot & Ankle Specialists