Pre-close · Healthcare Services

Independent Sponsor Customer Contract Assignment in Healthcare Services

Independent sponsor counsel for healthcare services, focused on Customer Contract Assignment and the deal mechanics that protect sponsor economics and LP alignment.

EV range $15M to $120M EV EBITDA $3M to $20M Audience Buy-side / Sponsor
The deal context

Healthcare Services deals in the lower middle market run a specific playbook. Customer Contract Assignment is where the structure either holds or starts to leak.

The typical healthcare services platform sits at $15M to $120M EV with EBITDA in the $3M to $20M range. The thesis runs on roll-up of physician practices and ancillary service lines. Most off-market healthcare deals come through advisors who have seen the structure before. Have one in your call list.

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 healthcare services, layer in PC/MSO structuring 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
ENGAGE THE PRACTICE

Customer Contract Assignment for Healthcare Services, on independent sponsor terms.

Independent sponsor counsel that already speaks fluent deal-by-deal economics, structures clean LPAs, and travels with capital markets relationships for what comes after close.