Heartland Travel Health Services LLC DBA Passport Health
How we got $79.8M
Based on 320 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
Estimated value over time
▲ 99% 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
▼ 99% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 320 | $58.4M |
| 2020 | Form 5500 | 24 | $4.4M |
| 2021 | Form 5500 | 4 | $730K |
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
- Headcount down 83% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HEARTLAND TRAVEL HEALTH SERVICES LLC DBA PASSPORT HEALTH this business | $83.6M | — |
| CARING PARTNERS, INC Oklahoma City · 65 employees | $9.0M | 0.5 mi |
| NATURAL CHOICE URGENT CARE INC Oklahoma City · 1 employees | $237K | 0.6 mi |
| LIFESHARE TRANSPLANT DONOR SERVICES OF OKLAHOMA, INC. Oklahoma City · 132 employees | $42.8M | 2.1 mi |
| ABACUS HOME HEALTH SERVICES, INC Oklahoma City · 10 employees | $2.1M | 2.4 mi |
| ROBERT ELIOT SISSON P.L.L.C. Nichols Hills · 1 employees | $473K | 2.6 mi |
| VILLAGE WELLNESS DRIVE-THRU, INC. Oklahoma City · 4 employees | $1.5M | 2.7 mi |
The full calculation
| Employees reported to the SBA | 320 |
| Industry revenue per employee | $182K |
| Revenue = employees × revenue per employee | $83.6M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $10.6M |
| Cross-check: revenue implied by PPP payroll | $6.8M |
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 | $79.8M |
| Multiple for this size and industry | 7.5× |
| Value range | $37.8M – $113.4M |
| Revenue range | $49.4M – $98.9M |
| EBITDA range | $6.3M – $12.6M |
| Industry (NAICS) | All Other Miscellaneous Ambulatory Health Care Services (621999) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- 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 |
|---|---|---|---|
| 5/1/2020 | first | $291K | 320 |
About Heartland Travel Health Services LLC DBA Passport Health
Heartland Travel Health Services LLC DBA Passport Health is an all other miscellaneous ambulatory health care services company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $83.6M, with roughly $10.6M of EBITDA. It has about 4 employees. Its estimated business value is $79.8M (likely range $37.8M–$113.4M).
Common questions
- Who owns Heartland Travel Health Services LLC DBA Passport Health?
- The owner of Heartland Travel Health Services LLC DBA Passport Health 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 Heartland Travel Health Services LLC DBA Passport Health make?
- SeeBITDA estimates Heartland Travel Health Services LLC DBA Passport Health's annual revenue at about $83.6M (likely between $49.4M and $98.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Heartland Travel Health Services LLC DBA Passport Health worth?
- About $79.8M, roughly 7.5× its estimated EBITDA of $10.6M, typical for a all other miscellaneous ambulatory health care services company its size. Likely range: $37.8M–$113.4M.
- How many employees does Heartland Travel Health Services LLC DBA Passport Health have?
- About 4, from its 2021 retirement-plan filing.