Diagnostic Imaging Associates, Inc.
How we got $28.0M
Based on its 80 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 55 years (since 1971)
From public records and the company's website, not a statement that it's for sale.
What they do
Diagnostic Imaging Associates, Inc. provides comprehensive radiology solutions, including onsite and 24-hour teleradiology services, for imaging centers, clinics, and hospitals.
From the company's website. Industry: Doctors & clinics.
Customers & suppliers
Customers
- Indian Health Service · federal contracts $16.6M
Estimated value over time
▲ 23% 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
▼ 6% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 80 | $17.8M |
| 2020 | Form 5500 | 65 | $14.4M |
| 2021 | Form 5500 | 73 | $16.2M |
| 2022 | Form 5500 | 69 | $15.3M |
| 2023 | Form 5500 | 71 | $15.8M |
| 2024 | Form 5500 | 75 | $16.7M |
| 2025 | Form 5500 | 75 | $16.7M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DIAGNOSTIC IMAGING ASSOCIATES, INC. this business | $31.6M | — |
| OLYMPIA ANESTHESIA PLC Tulsa · 12 employees | $4.4M | 0.0 mi |
| Green Country Emergency Physicians Group Of Owasso Pllc Tulsa | $1.5M | 0.0 mi |
| Tulsa - Hillcrest Emergency Physicians, Inc. Tulsa | $1.5M | 0.0 mi |
| Peter James Mostert Tulsa | $1.5M | 0.0 mi |
| All Care Practice Management Inc Tulsa | $1.5M | 0.0 mi |
| Jeff S. Jennings, Do, Pllc Tulsa | $1.5M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 80 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $23.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $33.0M |
| Estimate: the two combined (geometric mean) | $31.6M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $4.6M |
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 | $28.0M |
| Multiple for this size and industry | 6.1× |
| Value range | $14.8M – $38.4M |
| Revenue range | $20.8M – $36.0M |
| EBITDA range | $3.0M – $5.2M |
| Industry (NAICS) | Offices of Physicians (except Mental Health Specialists) (621111) |
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
People & advisors
“DIA was initially created to provide quality radiology services to a local hospital in Tulsa, Oklahoma.”
Advisors
- BankingJPMorgan Chase Bank, National AssociationPPP / 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
| JPMorgan Chase Bank, National Association PPP 2020 | All 993 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $1.9M | 80 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Diagnostic Imaging Associates, Inc.
Diagnostic Imaging Associates, Inc. is a doctors & clinics company in Tulsa, Oklahoma, in business since 1971. Its estimated annual revenue is about $31.6M, with roughly $4.6M of EBITDA. It has about 75 employees. Its estimated business value is $28.0M (likely range $14.8M–$38.4M).
Common questions
- Who owns Diagnostic Imaging Associates, Inc.?
- The owner of Diagnostic Imaging Associates, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Diagnostic Imaging Associates, Inc. make?
- SeeBITDA estimates Diagnostic Imaging Associates, Inc.'s annual revenue at about $31.6M (likely between $20.8M and $36.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Diagnostic Imaging Associates, Inc. worth?
- About $28.0M, roughly 6.1× its estimated EBITDA of $4.6M, typical for a doctors & clinics company its size. Likely range: $14.8M–$38.4M.
- How many employees does Diagnostic Imaging Associates, Inc. have?
- About 75, from its 2025 retirement-plan filing.
- When was Diagnostic Imaging Associates, Inc. founded?
- Diagnostic Imaging Associates, Inc. has been in business since 1971.