Podiatry Growth Partners (the “Company”), a leading management and growth partner to podiatry clinics, today announced a strategic partnership with Podiatry Associates, P.C., the largest and most prominent podiatry practice in Colorado. Led by Dr. Cynthia Oberholtzer-Classen and Mike Classen, Podiatry Associates’ nine podiatrists and two physical therapists have served Douglas County, the Denver metropolitan area, and the surrounding areas for over 20 years. “We’re thrilled to welcome Podiatry Associates to the Podiatry Growth Partners family,” said David Weiss, Chief Executive Officer of Podiatry Growth Partners. “The practice is a leader at the local, regional, and national levels. Its doctors and staff provide the highest quality of care to current patients, and this investment will allow them to continue their growth trajectory – adding more locations, doctors, and patients.”
VSS Capital Partners (“VSS”), a private investment firm investing in the healthcare, information, business services and education industries, today announced that it has completed a growth investment in Podiatry Growth Partners (“PGP” or “the Company”), a podiatry practice management platform that operates a national network of regionally branded podiatric clinics. “We believe there is a tremendous opportunity for PGP to execute on its growth plan as the industry remains highly fragmented, with 99 percent of the nation’s 11,000-plus podiatry clinics in the U.S. being independently owned” said Victoria Durand, Associate at VSS.
US Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital, is pleased to welcome Family Foot & Ankle Center, P.A. (“FFA”) as part of its growing platform of podiatrists. FFA has two offices in the Raleigh, NC, and Henderson, NC areas and has been serving the surrounding community since 1977. “This is USFAS’s fourth affiliation in North Carolina in as many months, and we are very pleased with this accomplishment given the challenges in the broader economic environment related to Covid-19,” said Brett Richey, Chief Executive Officer of US Foot & Ankle Specialists.
US Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital, is pleased to announce that it has partnered with Chapel Hill Foot and Ankle Associates. Chapel Hill Foot and Ankle Associates was founded in 2003 and has been providing care to patients in Chapel Hill, NC for the last seventeen years.
U.S. Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital (“NMS”), announced today that it has acquired Ryan Foot & Ankle Clinic. Ryan Foot & Ankle Clinic was opened in 1991 by Michael Ryan, DPM. Today, Ryan Foot & Ankle Clinic has grown to 5 Charlotte, NC-area offices and 6 providers in Ballantyne, Concord, Harrisburg, South Park, and University area.
U.S. Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital (“NMS”), announced that it has acquired Caroline Foot & Ankle of Huntersville. Based in the Lake Norman and Mountain Island Lake area of North Carolina, Dr. Mark Quist, DPM, started Carolina Foot and Ankle of Huntersville in 2002, when he opened up his first location in Huntersville, North Carolina. By 2009, the practice had grown to three locations when it opened an office in Mooresville, NC.
A transaction between a private equity fund and an orthopedic or podiatry practice can offer both parties significant value, according to experts who spoke on a panel titled “Orthopedics & Podiatry Investments” at the 17th Annual Healthcare Private Equity & Finance Conference, held in Chicago on February 19 and 20, 2020. Experts included Andy Blankemeyer, CEO at Beacon Orthopedics, Robert Kinsella, Senior Managing Director at Kinsella Group, David Peterson, Managing Director at New MainStream Capital, and Peter Slate, Chief Business Development Officer at Healthcare Outcomes Performance Company (HOPCo). The panel was moderated by Holly Buckley, a partner in the Chicago office of McGuireWoods LLP and co-chair of the firm’s healthcare and life sciences industry team. Here are four key points from the panel discussion.
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. “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.
Foot and Ankle Specialists of the Mid-Atlantic (FASMA) has expanded in North Carolina with its newest division in Gastonia, NC, with the joining of Gaston Foot & Ankle Associates on December 1, 2019. With the partnership of the office in Gastonia, FASMA will function in 42 locations across DC, Maryland, Pennsylvania, Virginia, and North Carolina and operate with 72 podiatrists.
US Foot & Ankle Specialists, LLC (“USFAS”), a portfolio company of NMS Capital, is pleased to announce that Carmel Foot Specialists (“CFS”) has joined them as part of a growing network of podiatrists. CFS has five providers that service two offices in the Charlotte, NC area. CFS has been a foundation in the Charlotte community since 1984. “CFS has a time-honored heritage of providing exceptional and complete podiatric care to the Charlotte, NC area over the past 35 years. We are thrilled to welcome CFS to the USFAS family. Combined, we have unparalleled values of providing extraordinary care with respect, compassion, and teamwork through our expansive network of podiatrists in the Mid-Atlantic region,” said Brett Richey Chief Executive Officer of Foot and Ankle Specialists of the Mid-Atlantic.
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