Healthcrest Surgical Management, LLC
How we got $18.4M
Based on its 23 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
- In business 22 years (since 2004)
From public records and the company's website, not a statement that it's for sale.
What they do
HealthCrest is an ASC (ambulatory surgery center) management partner that works with surgeons and physicians on acquisitions, development of new ASCs, and ongoing management.
From the company's website. Industry: Financial advisors.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Mercy Hospital Oklahoma City, Inc. · Ada, 75 mi · $948.2M
- Integris South Oklahoma City Hospital Corporation · Oklahoma City, 9 mi · $358.5M
- MCBRIDE CLINIC, INC. · Oklahoma City, 4 mi · $288.2M
- Integris Health · Oklahoma City, 5 mi · $170.6M
- XPRESS WELLNESS URGENT CARE, LLC · Oklahoma City, 11 mi · $169.8M
Estimated value over time
▲ 36% 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 |
|---|---|---|
| HEALTHCREST SURGICAL MANAGEMENT, LLC this business | $16.9M | — |
| SHEPHERD WEALTH ADVISORY Edmond · 1 employees | $940K | 0.6 mi |
| TORTUGA HOLDINGS, LLC Edmond · 1 employees | $559K | 0.6 mi |
| BAKER WEALTH STRATEGIES Edmond · 3 employees | $1.4M | 0.8 mi |
| STAGNER FINANCIAL ADVISORY GROUP, LLC Edmond · 4 employees | $1.6M | 1.0 mi |
| WOODLIFF SALON GROUP LLC Edmond · 12 employees | $10.9M | 1.0 mi |
| BURNETT FINANCIAL GROUP INC Edmond · 3 employees | $1.9M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 23 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $18.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $11.7M |
| Estimate: the two combined (geometric mean) | $16.9M |
| EBITDA margin (industry, adjusted for size) | 26% |
| EBITDA = revenue × margin | $4.5M |
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 | $18.4M |
| Multiple for this size and industry | 4.1× |
| Value range | $9.7M – $25.2M |
| Revenue range | $11.1M – $19.3M |
| EBITDA range | $2.9M – $5.1M |
| Industry (NAICS) | Other financial investment activities (523920) |
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
“Founded in 2016, with roots in ASC management since 1996, HealthCrest now operates in over 13 states.”
Leadership
- EGEric GleichmanCo-CEO & CDO · Company website · source
- MPMarcelo PuiggariGeneral Counsel · Company website · source
- JWJimmie WilliamsSr. VP Clinical Operations · Company website · source
- RRRandy ReynoldsSr. VP Field Operations · Company website · source
- CMCasey McMahanSr. VP Operations and Development · Company website · source
- TMTresha MillerRegional VP Operations · Company website · source
- DRDaryl RoyerSenior VP Operations · Company website · source
- SPSara PierceVP Human Resources · Company website · source
- TGTrisha GrusVP Managed Care Contracting · Company website · source
- KTKevin TurnerSVP IT & BI · Company website · source
- LNLaquain NealVP IT · Company website · source
Advisors
- BankingFirst Liberty 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
| First Liberty Bank PPP 2020 | All 382 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $482K | 23 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Healthcrest Surgical Management, LLC
Healthcrest Surgical Management, LLC is a financial advisors company in Edmond, Oklahoma, in business since 2004. It is owned by Brad Ottwell (Co-CEO & CFO). Its estimated annual revenue is about $16.9M, with roughly $4.5M of EBITDA. It has about 23 employees. Its estimated business value is $18.4M (likely range $9.7M–$25.2M).
Common questions
- Who owns Healthcrest Surgical Management, LLC?
- Healthcrest Surgical Management, LLC is owned by Brad Ottwell (Co-CEO & CFO), according to public sources such as the company's website or filings.
- How much revenue does Healthcrest Surgical Management, LLC make?
- SeeBITDA estimates Healthcrest Surgical Management, LLC's annual revenue at about $16.9M (likely between $11.1M and $19.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Healthcrest Surgical Management, LLC worth?
- About $18.4M, roughly 4.1× its estimated EBITDA of $4.5M, typical for a financial advisors company its size. Likely range: $9.7M–$25.2M.
- How many employees does Healthcrest Surgical Management, LLC have?
- About 23, as reported on its PPP loan.
- When was Healthcrest Surgical Management, LLC founded?
- Healthcrest Surgical Management, LLC has been in business since 2004.