Cleveland Area Hospital Holdings, Inc.
How we got $12.4M
Based on its 150 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 30% 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.
Employees over time
▲ 40% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 150 | $33.1M |
| 2020 | Form 5500 | 155 | $34.2M |
| 2021 | Form 5500 | 171 | $37.7M |
| 2022 | Form 5500 | 183 | $40.4M |
| 2023 | Form 5500 | 205 | $45.2M |
| 2024 | Form 5500 | 210 | $46.3M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
What we know
Signs of a sale Unlikely to sell soon
- In business 20 years (since 2006)
From public records and the company's website, not a statement that it's for sale.
What they do
Cleveland Area Hospital is a hospital in Cleveland, OK offering emergency, laboratory, radiology, rehabilitation, swing bed/skilled nursing and specialty clinic services, with Lake Area Medical Associates and OSU Specialty Clinics listed among its services.
From the company's website. Industry: General medical and surgical hospitals.
Customers & suppliers
Suppliers & brands
- OSU Medicine · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CLEVELAND AREA HOSPITAL HOLDINGS, INC. this business | $43.5M | — |
| CONFIANCE ANESTHESIA LLC Cleveland · 1 employees | $690K | 9.6 mi |
| DRUMRIGHT COMMUNITY HOSPITAL, LLC Drumright · 68 employees | $20.7M | 22.7 mi |
| PAWHUSKA HOSPITAL, INC. Pawhuska · 114 employees | $32.3M | 26.6 mi |
| Birthing Center - Ascension St. John Medical Center Tulsa | $640.7M | 31.2 mi |
| St John's Medical Center Tulsa | $2.2M | 31.2 mi |
| MEDALLIANCE LLC Tulsa · 7 employees | $3.9M | 31.7 mi |
The full calculation
| Employees reported to the SBA | 150 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $34.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $42.1M |
| Estimate: the two combined (geometric mean) | $43.5M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $2.3M |
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 | $12.4M |
| Multiple for this size and industry | 5.5× |
| Value range | $6.5M – $17.0M |
| Revenue range | $28.6M – $49.6M |
| EBITDA range | $1.5M – $2.6M |
| Industry (NAICS) | General medical and surgical hospitals (622110) |
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
Advisors
- AccountingMetz CPA, PLLCAudits its 401(k) plan (2024 filing)
- BankingThe Exchange 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
| The Exchange Bank PPP 2020, PPP 2021 | All 125 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $1.9M | 150 |
| 2/6/2021 | second | $1.9M | 150 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cleveland Area Hospital Holdings, Inc.
Cleveland Area Hospital Holdings, Inc. is a general medical and surgical hospitals company in Cleveland, Oklahoma, in business since 2006. It is owned by Edred Benton (CEO). Its estimated annual revenue is about $43.5M, with roughly $2.3M of EBITDA. It has about 210 employees. Its estimated business value is $12.4M (likely range $6.5M–$17.0M).
Common questions
- Who owns Cleveland Area Hospital Holdings, Inc.?
- Cleveland Area Hospital Holdings, Inc. is owned by Edred Benton (CEO), according to public sources such as the company's website or filings.
- How much revenue does Cleveland Area Hospital Holdings, Inc. make?
- SeeBITDA estimates Cleveland Area Hospital Holdings, Inc.'s annual revenue at about $43.5M (likely between $28.6M and $49.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cleveland Area Hospital Holdings, Inc. worth?
- About $12.4M, roughly 5.5× its estimated EBITDA of $2.3M, typical for a general medical and surgical hospitals company its size. Likely range: $6.5M–$17.0M.
- How many employees does Cleveland Area Hospital Holdings, Inc. have?
- About 210, from its 2024 retirement-plan filing.
- When was Cleveland Area Hospital Holdings, Inc. founded?
- Cleveland Area Hospital Holdings, Inc. has been in business since 2006.