US Foot & Ankle Specialists Expands Presence in Virginia with First Acquisition Following Partnership with NMS Capital

NEW YORK–(BUSINESS WIRE)–US
Foot & Ankle Specialists, LLC
(“USFAS”), a portfolio company of NMS
Capital
(“NMS”), announced today that it has acquired Affiliated
Podiatrists, P.C.
(“AP”). Based in Newport News, Virginia, AP has
been providing podiatric care through its three
locations to the Newport News area
for over 75 years. AP is led by Dr.
Howard Roesen
, who will continue to lead the practice and benefit
from the additional administrative support provided by USFAS.

“Dr. Roesen is a podiatrist we have known for several years now and are
thrilled to bring into the USFAS family. He is a well-respected
podiatrist with a great clinical reputation. This acquisition allows us
to quickly build scale in a desirable market and expand our presence in
Virginia. Furthermore, our partnership with NMS
affords us the support and resources to execute on our strategy of
partnering with high-quality practices and providers in existing and new
markets as we seek to build USFAS as the provider of choice in the
podiatric industry,” said Brett Richey, Chief Executive Officer of USFAS.

Dr.
Howard Roesen
commented, “I am delighted to partner with USFAS, a
leading podiatry platform in the Mid-Atlantic region with a great
culture of supporting its podiatrists. My practice and our patients will
greatly benefit from being a part of a larger organization with more
services and support for our patients to provide even better patient
care.”

David
Peterson, Managing Director at NMS
, added, “We are very excited to
partner with Dr. Roesen and his practice, our first affiliation post
NMS’s initial investment with USFAS. AP is a high-quality podiatry
practice that exemplifies what we look for in other podiatry practices
interested in joining USFAS. This is our first of many affiliations, and
we look forward to the future growth of the overall platform.”

As part of the affiliation, AP will benefit 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. Headquartered in Rockville, Maryland, USFAS
provides services through a growing network
of nearly 40 offices
in states including Maryland, Virginia,
Pennsylvania, North Carolina and Washington, D.C and over
60 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
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.

Contacts

Debbie Richey
Executive Vice President
US Foot & Ankle
Specialists
(434) 975-0315
www.footandankle-usa.com

David M. Peterson
Managing Director
NMS Capital
212-574-7006
www.nms-capital.com

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