Family Practice Associates
- Laurel MccullohSigns company filings · Form 5500 (2024)
How we got $8.3M
Based on its 43 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 21% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
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
▼ 65% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 43 | $9.6M |
| 2020 | Form 5500 | 11 | $2.4M |
| 2021 | Form 5500 | 13 | $2.9M |
| 2022 | Form 5500 | 19 | $4.2M |
| 2023 | Form 5500 | 12 | $2.7M |
| 2024 | Form 5500 | 14 | $3.1M |
| 2025 | Form 5500 | 15 | $3.3M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FAMILY PRACTICE ASSOCIATES this business | $10.6M | — |
| Family Health Center Ardmore | $1.5M | 0.0 mi |
| UROLOGY CENTER OF SOUTHERN OKLAHOMA Ardmore · 13 employees | $3.4M | 0.1 mi |
| Tony Stretesky, D.d.s. Ardmore | $1.5M | 0.1 mi |
| George V. Dula, Dds, P.a. Ardmore | $1.5M | 0.1 mi |
| SOUTHWARD FAMILY MEDICINE PC Ardmore · 5 employees | $1.2M | 0.1 mi |
| FRANCIS H OLIVER MD PC Ardmore · 9 employees | $1.8M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 43 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.9M |
| Estimate: the two combined (geometric mean) | $10.6M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $1.7M |
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 | $8.3M |
| Multiple for this size and industry | 5× |
| Value range | $4.4M – $11.4M |
| Revenue range | $7.0M – $12.1M |
| EBITDA range | $1.1M – $1.9M |
| 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
History & advisors
Advisors
- BankingFirst National Bank and Trust Company of ArdmorePPP / 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
| First National Bank and Trust Company of Ardmore PPP 2020, PPP 2021 | All 457 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $405K | 43 |
| 1/28/2021 | second | $349K | 21 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Family Practice Associates
Family Practice Associates is a doctors & clinics company in Ardmore, Oklahoma. Its estimated annual revenue is about $10.6M, with roughly $1.7M of EBITDA. It has about 15 employees. Its estimated business value is $8.3M (likely range $4.4M–$11.4M).
Common questions
- Who owns Family Practice Associates?
- The owner of Family Practice Associates 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 Family Practice Associates make?
- SeeBITDA estimates Family Practice Associates's annual revenue at about $10.6M (likely between $7.0M and $12.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Family Practice Associates worth?
- About $8.3M, roughly 5× its estimated EBITDA of $1.7M, typical for a doctors & clinics company its size. Likely range: $4.4M–$11.4M.
- How many employees does Family Practice Associates have?
- About 15, from its 2025 retirement-plan filing.