Medical Specialists Inc
How we got $2.9M
Based on its 18 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 33% since 2021 (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
▼ 56% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 18 | $4.0M |
| 2020 | Form 5500 | 10 | $2.2M |
| 2021 | Form 5500 | 12 | $2.7M |
| 2022 | Form 5500 | 10 | $2.2M |
| 2023 | Form 5500 | 9 | $2.0M |
| 2024 | Form 5500 | 8 | $1.8M |
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 |
|---|---|---|
| MEDICAL SPECIALISTS INC this business | $4.0M | — |
| BLUE MOUNTAIN HEALTH INC Oklahoma City · 1 employees | $220K | 0.0 mi |
| LOUIS H. COX, MD, INC. Oklahoma City · 1 employees | $362K | 0.0 mi |
| Mercer Mary K Do Oklahoma City | $1.5M | 0.0 mi |
| Integris Baptist Medical Center Portland Avenue Wound Care Oklahoma City | $1.5M | 0.0 mi |
| Thomas Cook Oklahoma City | $1.5M | 0.0 mi |
| Roy Bankhead Oklahoma City | $1.5M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.6M |
| Estimate: the two combined (geometric mean) | $4.0M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $707K |
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 | $2.9M |
| Multiple for this size and industry | 4.1× |
| Value range | $1.5M – $4.0M |
| Revenue range | $2.6M – $4.5M |
| EBITDA range | $465K – $806K |
| 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
Advisors
- BankingSimmons 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
| Simmons Bank PPP 2020 | All 789 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $138K | 18 |
About Medical Specialists Inc
Medical Specialists Inc is a doctors & clinics company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $4.0M, with roughly $707K of EBITDA. It has about 8 employees. Its estimated business value is $2.9M (likely range $1.5M–$4.0M).
Common questions
- Who owns Medical Specialists Inc?
- The owner of Medical Specialists 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 Medical Specialists Inc make?
- SeeBITDA estimates Medical Specialists Inc's annual revenue at about $4.0M (likely between $2.6M and $4.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Medical Specialists Inc worth?
- About $2.9M, roughly 4.1× its estimated EBITDA of $707K, typical for a doctors & clinics company its size. Likely range: $1.5M–$4.0M.
- How many employees does Medical Specialists Inc have?
- About 8, from its 2024 retirement-plan filing.