CriticalPoint Advises NMS Capital on its Recapitalization of VONA Case Management, Inc.

January 2, 2024 – CriticalPoint is pleased to announce that it served as exclusive financial advisor to NMS Capital (“NMS”) on its recapitalization of VONA Case Management, Inc. (“VONA”). The terms of the transaction were not disclosed.

“The CriticalPoint team was instrumental in helping us identify the opportunity with VONA,” commented NMS Vice President, Jonathan Spero. “Their hard work and diligence have been invaluable to our team as we seek to build an undisputed leader in the case management industry.”

VONA is a leading provider of medical case management services to self-insured employers, workers’ compensation insurance carriers, and third-party administrators across the U.S. This marks CriticalPoint’s first transaction with NMS, and CriticalPoint’s 22nd transaction in the healthcare services industry

About NMS Capital

Founded in 2010, NMS Capital is an experienced private equity firm managing assets in excess of $1.5 billion. Since inception, NMS has partnered with management teams in over 115 investments and follow-on acquisitions across defined investment themes within the Business Services and Healthcare Services industries. The firm’s principal strategy is to create long-term value by providing strategic and operational resources to growth-oriented companies led by founders or experienced management teams. NMS has successfully built lower middle market companies in defensible and scalable end markets by accelerating organic and acquisition-driven growth. For additional information on NMS, please visit the firm’s website at nms-capital.com.

CriticalPoint served as the exclusive financial advisor to NMS Capital in connection with the transaction. The transaction demonstrates CriticalPoint’s expertise in middle market advisory and commitment to act as a trusted advisor with proven abilities to deliver for its clients

If you would like more information about CriticalPoint or have questions regarding this transaction, please contact:

Ryan McDowell

Managing Director, 

Head of Business Development

Direct: (310) 574-2170

[email protected]

Connor Kropschot

Senior Associate

Direct: (310) 321-4419

[email protected]

About CriticalPoint
Headquartered in Los Angeles, CriticalPoint executes, sources, and invests in deals for the traditionally underserved middle market. CriticalPoint uniquely combines the best of both investment banking and private capital service offerings. Since our founding in 2012, our mission has been to serve the needs of owners, entrepreneurs, management teams, and stakeholders with our experience, knowledge, and expert judgment, to help them realize their companies’ greatest potential. 

Messrs. McDowell and Kropschot are Registered Representatives of, and Securities Products are offered through CriticalPoint Partners, LLC Member FINRA , SIPC .  Any testimonial or endorsement may not be representative of the experience of other customers and is no guarantee of future performance or success.

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