US Foot & Ankle Specialists (USFAS), a portfolio company of NMS Capital, announced the acquisition of Affiliated Podiatrists, a foot care service company. The acquisition did not disclose specific financial terms.
Headquartered in Newport News, Virginia, Affiliated Podiatrists was founded on 1942 by Dr. Howard Seltzer on the Korean Peninsula. The company is currently led by Dr. Seltzer’s grandson, Dr. Howard Roesen. Dr. Roesen is a foot surgeon certified by the American Foot and Ankle Surgery Committee. He is also a member of the American Society of Podiatric Medicine, a member of the Virginia Foot Pod Medical Association, and a Fellow of the American College of Foot and Ankle Surgeons.
Upon completion of the acquisition, Dr. Roesen will continue to lead the company with the support of USFAS.
Since 1992, Affiliated Podiatrists has been providing comprehensive care for the feet and ankles for patients of all ages. In Virginia, the clinic offers more than just simple treatments for pain in the feet and ankles, as well as quality life-long foot care. From infants to elderly patients, almost all types of foot and ankle problems can be resolved in Affiliated Podiatrists. The company has three sub-clinics in Newport News, Hampton and Carrollton, Virginia.
USFAS is a subsidiary of Foot & Ankle Specialists of the Mid-Atlantic and NMS Capital (NMS). As a leading provider of podiatric care services, USFAS is committed to providing a full range of treatment services for patients with foot and lower extremity diseases.
Headquartered in Rockville, Maryland, USFAS has nearly 40 offices in Maryland, Virginia, Pennsylvania, North Carolina, and Washington, DC. The company has more than 60 podiatrist certified by the board of directors to provide patients with a variety of medical services. USFAS is currently planning to expand to the country.
USFAS CEO Brett Richey said: “Dr. Roesen is a respected podiatrist with a high clinical reputation. This acquisition enables USFAS to quickly scale up in the ideal market for foot care, expanding in Virginia In addition, the partnership with NMS provides us with resources and strategic support to build partnerships with existing clinics and other healthcare organizations in existing and new markets, building USFAS into the foot care industry. Leader.”
Dr. Howard Roesen said: “I am very pleased to work with USFAS. As the leading foot treatment platform in the Mid-Atlantic region, USFAS will help us provide better care for patients.”
Upon completion of the acquisition, AP will receive administrative and financial support from USFAS, including its clinical compliance, information technology, electronic medical records, revenue cycle management, investor certification and contract development, finance, human resources and business development. investment.