New York, NY, and Louisville, KY, July 26, 2021 – Commonwealth Foot and Ankle Center, a Kentucky-based, regional leader in comprehensive foot and ankle care, and Albaron Partners, LP (“Albaron”), a U.S. private equity firm focused on acquiring majority stakes of companies in the specialty healthcare services sector, today announced Commonwealth Foot and Ankle Center has been acquired by affiliates of Albaron. Commonwealth Foot and Ankle Center will become part of Beyond Podiatry, Albaron’s podiatry management services organization. The financial terms of the transaction were not disclosed.
McGuireWoods, LLP served as legal advisor to Albaron.
ABOUT COMMONWEALTH FOOT AND ANKLE CENTER
Based in Louisville, KY, Commonwealth Foot and Ankle Center is a regional leader in specialized diabetic foot care, reconstructive foot and ankle surgery, foot wound care, skin and nail procedures and foot and ankle fractures. Founded in 1982, the Company sees over 10,000 patients each year in its Louisville office. For more information, visit: www.commonwealthfootandankle.com
ABOUT BEYOND PODIATRY
Beyond Podiatry provides patients with the most advanced and comprehensive foot and ankle care treatment options to meet their personalized needs. As a team, they combine the skills of some of the premier podiatric medicine experts in the country and seasoned operating professionals with experience in running large healthcare organizations. For more information, visit: www.beyond-podiatry.com
ABOUT ALBARON
Albaron is a U.S. private equity firm that invests in and helps accelerate the growth of physician practice groups and microcap healthcare companies. The firm’s goal is to build best-in-class healthcare services platforms that maximize outcomes for all constituents – patients, providers, payors and investors. Albaron’s team is comprised of a seasoned cohort of operating experts and investment professionals who are uniquely qualified to realize significant value through strategic insights, operating support and accretive acquisitions. The team works collaboratively with partnering management teams and leverages its network of industry experts to augment its capabilities.
FORWARD-LOOKING STATEMENTS
This communication expressly or implicitly contains certain forward-looking statements that involve risks and uncertainties, including statements regarding expectations for Commonwealth Foot and Ankle Center following its acquisition by Albaron. If any of these risks or uncertainties materialize, or if any of Commonwealth Foot and Ankle Center’s or Albaron’s assumptions prove incorrect, Commonwealth Foot and Ankle Center’s results could differ materially from the results expressed or implied by these forward-looking statements. All forward-looking statements in this communication are based on information available to Commonwealth Foot and Ankle Center and Albaron as of the date of this communication, and Commonwealth Foot and Ankle Center and Albaron do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.