Midwest Nephrology Group, PLLC
How we got $5.8M
Based on its 20 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 22 years (since 2004)
- Headcount down 46% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Midwest Nephrology Associates is a nephrology practice offering kidney disease care, dialysis, transplant and dialysis access services for patients in the Southeastern Wisconsin area, serving the community since 1989.
From the company's website. Industry: Doctors & clinics.
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 | 20 | $4.4M |
| 2020 | Form 5500 | 13 | $2.9M |
| 2021 | Form 5500 | 12 | $2.7M |
| 2022 | Form 5500 | 10 | $2.2M |
| 2023 | Form 5500 | 9 | $2.0M |
| 2024 | Form 5500 | 7 | $1.6M |
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 |
|---|---|---|
| MIDWEST NEPHROLOGY GROUP, PLLC this business | $6.5M | — |
| Ambaw Samson M Md Midwest City | $1.5M | 0.0 mi |
| Chasing Wolves Dispensary Midwest City | $1.5M | 0.1 mi |
| AllianceHealth Medical Group Orthopedics Midwest City | $1.5M | 0.2 mi |
| Alliancehealth Medical Group Brain And Spine Surgeons Midwest City | $1.5M | 0.2 mi |
| George Stanford Law, Md Midwest City | $1.5M | 0.2 mi |
| John Makipour, MD Midwest City | $1.5M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.6M |
| Estimate: the two combined (geometric mean) | $6.5M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $1.2M |
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 | $5.8M |
| Multiple for this size and industry | 5× |
| Value range | $3.0M – $7.9M |
| Revenue range | $4.3M – $7.4M |
| EBITDA range | $762K – $1.3M |
| 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
- BankingFrontier State 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
| Frontier State Bank PPP 2020 | All 156 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $328K | 20 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midwest Nephrology Group, PLLC
Midwest Nephrology Group, PLLC is a doctors & clinics company in Oklahoma City, Oklahoma, in business since 2004. Its estimated annual revenue is about $6.5M, with roughly $1.2M of EBITDA. It has about 7 employees. Its estimated business value is $5.8M (likely range $3.0M–$7.9M).
Common questions
- Who owns Midwest Nephrology Group, PLLC?
- The owner of Midwest Nephrology Group, PLLC 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 Midwest Nephrology Group, PLLC make?
- SeeBITDA estimates Midwest Nephrology Group, PLLC's annual revenue at about $6.5M (likely between $4.3M and $7.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwest Nephrology Group, PLLC worth?
- About $5.8M, roughly 5× its estimated EBITDA of $1.2M, typical for a doctors & clinics company its size. Likely range: $3.0M–$7.9M.
- How many employees does Midwest Nephrology Group, PLLC have?
- About 7, from its 2024 retirement-plan filing.
- When was Midwest Nephrology Group, PLLC founded?
- Midwest Nephrology Group, PLLC has been in business since 2004.