I think this accomplishes what you're trying to do.
I changed the Find-N-Replace code to a subroutine for easier reading and reuse.
Code:
Sub Macro6()
'Select your desired text to be changed then run the macro.
‘
Options.Pagination = False 'turn off background page counts for speed
Application.ScreenUpdating = False 'turn off screen changes for speed
With Selection
.Font.Bold = wdToggle 'toggle selection's Bold state
Call Swap(“^p^p”,”<P>”) ‘placeholder between paragraphs
Call Swap(“^p”,” “) ‘condense sentences
Call swap(“<P>”,”^p^p”) ‘separate paragraphs again
End with
Selection.WholeStory.Font.Bold = wdToggle 'toggle entire document Bold state; why?
Selection.EscapeKey ‘unsure if you need to exit selection?
Application.ScreenUpdating = True 'turn screen changes back on
Options.Pagination = True 'turn background page counts back on
End Sub
Sub Swap(First, Second)
With Selection
.Find.ClearFormatting
.Find.Replacement.ClearFormatting
With Selection.Find
.Text = First
.Replacement.Text = Second
.Forward = True
.Wrap = False
.Format = False
.MatchCase = False
.MatchWholeWord = False
.MatchWildcards = False
.MatchSoundsLike = False
.MatchAllWordForms = False
End With
End With
Selection.Find.Execute Replace:=wdReplaceAll
End Sub