Pre-close · Dental Practice Management

Dental Practice Management Deals: Customer Contract Assignment Done Right

Managing Customer Contract Assignment on dental practice management deals, with the structure protection and capital connectivity an independent sponsor actually needs.

EV range $10M to $130M EV EBITDA $2.5M to $22M Audience Buy-side / Sponsor
The deal context

An independent sponsor closing dental practice management transactions in the $10M to $130M EV range has a defined set of moves at the Customer Contract Assignment stage. Most of them are not in a generic M&A textbook.

The typical dental practice management platform sits at $10M to $130M EV with EBITDA in the $2.5M to $22M range. The thesis runs on DSO buy-up under an MSO. Insurance mix dictates valuation. Read the PPO contracts before the EBITDA.

The moves

How Customer Contract Assignment actually gets structured.

  1. Identify contracts with anti-assignment clauses, especially in government and healthcare.

  2. Plan the customer communication sequence to protect retention.

  3. Map consent collection against the closing checklist, with material thresholds defined.

  4. Address change-of-control notifications even where consent is not required.

  5. In dental practice management, layer in MSO model documented per state as part of the Customer Contract Assignment workstream.

The common mistake

Asking every customer for consent. You alarm customers who would have been silent.

Jason's take
"Customer assignment is a sales motion, not a legal one. Lead with operations, follow with paper."
Jason Powell · Customer Contract Assignment
Capital after close

The deal is one thing. The capital that opens up after close is another.

After close, the call list for refinancing, recapitalization, and growth equity gets short and known. Jason carries that list.

MONTH 18
Senior refi
MONTH 24
Dividend recap
MONTH 36
Growth equity
YEAR 4–5
Strategic exit
TALK TO JASON

An LOI on the desk, a dental practice management target, and a Customer Contract Assignment question worth a real conversation.

Twenty minutes of practitioner-grade input from a securities attorney whose first move is to read the deal, not the engagement letter.