Dental Practice Management Deals: Post-Close Governance Done Right
When the deal is dental practice management and the question is Post-Close Governance, the structure decisions in the first 30 days outlast the next five years. This is where Jason Powell works.
Dental Practice Management deals in the lower middle market run a specific playbook. Post-Close Governance is where the structure either holds or starts to leak.
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.
How Post-Close Governance actually gets structured.
Build a board with sponsor majority, one LP-elected seat, and one independent.
Define LP protective provisions narrowly, focused on dilution, exit, and related-party transactions.
Set information rights at monthly financial and quarterly board-level updates.
Plan the annual budget approval cadence so the sponsor can run the business.
In dental practice management, layer in MSO model documented per state as part of the Post-Close Governance workstream.
Negotiating governance like a fund LPA. independent sponsor governance has to be lighter and faster.
"Governance design decides whether the operator runs the company or files reports."Jason Powell · Post-Close Governance
The deal is one thing. The capital that opens up after close is another.
Capital after close is where the IRR actually gets made. The right introductions at month nine through month thirty are where this practice works as hard as it does at the LOI.
Related deal pages.
Transaction Fee Structuring for Dental Practice Management
The fee paid at closing to the independent sponsor for sourcing, structuring, and closing the platform deal a…
Working Capital Adjustments for Dental Practice Management
The closing-date true-up that protects the buyer from receiving a business stripped of normal-course working …
Representation & Warranty Insurance for Dental Practice Management
A buyer-side insurance product covering breach of seller representations, reducing seller escrow and indemnit…
Indemnification for Dental Practice Management
The seller's contractual promise to compensate the buyer for breaches of representations, covenants, and spec…
Post-Close Governance for Healthcare Services
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Bring the dental practice management deal. Get Post-Close Governance done right.
Direct counsel from a securities and M&A attorney with billions in structured transactions, the independent-sponsor-native playbook, and the capital markets network that opens up post-close.