What Happens After the Letter of Intent Is Signed? | Practice Transition Partners Ep. 13

You've signed the Letter of Intent — now what? In this episode of the Practice Transition Partners Podcast, we break down what happens after the LOI is signed in a dental practice sale. Welcome back to the Practice Transition Partners Podcast. In Episode 13, Jason Wood, Dr. Lee Maddox, and Michael Maddox walk through one of the most important phases of a practice transition: What happens after the Letter of Intent (LOI) is signed? Many buyers and sellers assume that once the LOI is executed, the hard work is over. In reality, some of the most critical steps in the transaction are just beginning. From lender approvals and due diligence to attorney review, purchase agreements, and closing preparation, there are numerous moving parts that must come together for a successful transition. In this episode, the team explains what buyers and sellers should expect during this phase of the transaction and how brokers help keep the process moving toward a successful closing. Topics Discussed ✅ What happens immediately after an LOI is signed ✅ The lender approval process ✅ Buyer financing and underwriting ✅ Coordinating with lenders, CPAs, and attorneys ✅ The broker's role after the LOI ✅ Due diligence expectations ✅ Information requests and document gathering ✅ Drafting the purchase agreement ✅ Managing transaction timelines ✅ Common delays and obstacles ✅ Preparing for closing ✅ Keeping deals on track through completion Key Takeaway The period between the signed Letter of Intent and closing is often the most complex phase of a practice transition. Effective communication, organized documentation, and collaboration between buyers, sellers, brokers, lenders, attorneys, and advisors are essential to successfully bringing the transaction to completion. About Practice Transition Partners Practice Transition Partners is a healthcare practice brokerage and advisory firm specializing in: • Practice Sales • Practice Acquisitions • Practice Valuations • Associate Buy-Ins • Partnerships • Succession Planning • Healthcare Practice Transitions Our team combines legal, brokerage, and clinical experience to help healthcare professionals navigate some of the most important business decisions of their careers. 🌐 Website: practicetransitionpartners.com If you enjoyed this episode: 👍 Like the video 💬 Leave a comment 🔔 Subscribe for future episodes covering practice ownership, valuations, acquisitions, succession planning, and healthcare practice transitions. Chapters 00:00 Introduction 00:15 The LOI Has Been Signed—Now What? 01:00 The Buyer's Financing Process 02:00 Working with Lenders 03:15 The Broker's Role After the LOI 04:30 Gathering Financial Information 05:45 Due Diligence Begins 07:15 Attorney and CPA Involvement 08:45 Drafting the Purchase Agreement 10:15 Managing the Transaction Timeline 11:45 Common Delays and Challenges 13:15 Preparing for Closing 14:30 Final Thoughts #DentalPracticeTransitions #DentalPracticeSales #PracticeTransitionPartners #SellMyDentalPractice #DentalPracticeBroker #DentalPracticeValuation #DentalPracticeOwner #SuccessionPlanning #BuyingADentalPractice #DentalPracticeAcquisition #HealthcarePracticeTransitions #LetterOfIntent