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Quarryville podiatry practice bought by health care investors
Listen to this articleQuarryville Family Foot Care was acquired by Pennsylvania and New Jersey-based Integrated Foot and Ankle Specialists, with the transaction closing Dec. 29.
On its website, Quarryville Family Foot Care lists two physicians on staff, Drs. Dia McCaughan and Jesse Berys.
This marked the fifth acquisition of the calendar year for IFAS, its first full calendar year of operations.
The company began in 2022 as a joint venture between Avonwood Capital Partners and Mereo Capital Partners, two suburban Philadelphia-based private equity firms with a background in health care investing and operations. The joint venture focuses on the continuum of foot and ankle care, as a patient’s ability to walk and stay active is a key indicator of overall health and wellness.
During 2023, Integrated Foot and Ankle Specialists also acquired Foot & Ankle Center of Chester County, Berkshire Podiatry, Bryn Mawr Foot & Ankle Center and Lancaster Podiatry. These transactions grew the Pennsylvania share of the business to 11 office locations, as well as allowing IFAS to serve patients through relationships with Jefferson Health, Mainline Health, Tower Health and additional health systems and nursing facilities in Pennsylvania and New Jersey.
As of the close of 2023, IFAS operates 16 locations in eight counties in Pennsylvania and New Jersey, employing over 80 doctors and staff members.
IFAS is in discussions to expand its network of practices in the mid-Atlantic and Northeast with potential doctor-partners in Pennsylvania, New Jersey, New York, Delaware, Maryland and Virginia.
Paula Wolf is a freelance writer
