Caresource LLC
How we got $5.4M
Based on its 46 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 30 years (since 1996)
- Founder still runs it after 30 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
CareSource provides home medical equipment and supplies in Oklahoma, working with hospice teams and nursing facilities as well as patients at home.
From the company's website. Industry: Ambulance Services.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- BRIDGES ESOP, INC. · Oklahoma City, 2 mi · $159.3M
- DIAKONOS GROUP, LLC · Edmond, 17 mi · $69.3M
- LEP HOLDINGS LLC · Edmond, 17 mi · $64.7M
- CHC HOLDINGS, LLC · Oklahoma City, 1 mi · $41.5M
- LIFESPRING HOME CARE AND HOSPICE LLC · Norman, 18 mi · $40.8M
Estimated value over time
▼ 9% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CARESOURCE LLC this business | $6.7M | — |
| MEDICAL TRANSPORTATION OF OKLAHOMA Oklahoma City · 3 employees | $1.2M | 0.0 mi |
| PREHIRE SCREENING SERVICES, LLC Oklahoma City · 5 employees | $1.2M | 0.2 mi |
| RHEA HEALTH LLC Oklahoma City · 5 employees | $885K | 3.2 mi |
| HORIZON MEDICAL LLC Bethany · 3 employees | $1.1M | 3.5 mi |
| MEDICAL PRACTICE SOLUTIONS OF OKC LLC Bethany · 14 employees | $2.6M | 4.4 mi |
| MMDOKC INC Oklahoma City · 4 employees | $973K | 4.7 mi |
The full calculation
| Employees reported to the SBA | 46 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.8M |
| Estimate: the two combined (geometric mean) | $6.7M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $1.2M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $5.4M |
| Multiple for this size and industry | 4.5× |
| Value range | $2.8M – $7.4M |
| Revenue range | $4.4M – $7.7M |
| EBITDA range | $786K – $1.4M |
| Industry (NAICS) | Ambulance Services (621910) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Since 1996, CareSource has provided exceptional care and top-quality home medical equipment to patients in the home, long-term care facilities and hospices in the area.”
Advisors
- BankingMidFirst BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| MidFirst Bank PPP 2020 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $228K | 46 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Caresource LLC
Caresource LLC is an ambulance services company in Oklahoma City, Oklahoma, in business since 1996. It is owned by Larry Pierce (Founder and Executive Director). Its estimated annual revenue is about $6.7M, with roughly $1.2M of EBITDA. It has about 46 employees. Its estimated business value is $5.4M (likely range $2.8M–$7.4M).
Common questions
- Who owns Caresource LLC?
- Caresource LLC is owned by Larry Pierce (Founder and Executive Director), according to public sources such as the company's website or filings.
- How much revenue does Caresource LLC make?
- SeeBITDA estimates Caresource LLC's annual revenue at about $6.7M (likely between $4.4M and $7.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Caresource LLC worth?
- About $5.4M, roughly 4.5× its estimated EBITDA of $1.2M, typical for a ambulance services company its size. Likely range: $2.8M–$7.4M.
- How many employees does Caresource LLC have?
- About 46, as reported on its PPP loan.
- When was Caresource LLC founded?
- Caresource LLC has been in business since 1996.
- Is Caresource LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 30 years (since 1996); founder still runs it after 30 years; no family successor named on its website.