Morrow and Lai, DDS, PC
- Dr. MorrowPediatric Dentist · Company website
- Dr. LaiPediatric Dentist · Company website
- Dr. Kerry KittermanPediatric Dentist · Company website
- Dr. Hannah SheltonPediatric Dentist · Company website
How we got $4.4M
Based on its 19 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 31% 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
▲ 5% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 19 | $3.0M |
| 2020 | Form 5500 | 16 | $2.5M |
| 2021 | Form 5500 | 19 | $3.0M |
| 2022 | Form 5500 | 22 | $3.5M |
| 2023 | Form 5500 | 20 | $3.2M |
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
What they do
Pediatric dental practice in Tulsa, OK that cares for children in a comfortable, lighthearted environment and says it has done so for over 32 years.
From the company's website. Industry: Dentists.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MORROW AND LAI, DDS, PC this business | $5.5M | — |
| DENTAL SURGICAL ARTS OF TULSA Tulsa · 10 employees | $2.5M | 0.0 mi |
| TATE MONTGOMERY, DDS, PLC Tulsa · 1 employees | $574K | 0.0 mi |
| Kerry Edwards, DDS Tulsa | $1.9M | 0.0 mi |
| Gregg A. Smith DDS Tulsa | $1.9M | 0.2 mi |
| SMITH GENERAL DENTISTRY, INC Tulsa · 12 employees | $2.2M | 0.2 mi |
| C. RIEGER WOOD DDS INC. Tulsa · 9 employees | $2.6M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.8M |
| Estimate: the two combined (geometric mean) | $5.5M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $974K |
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 | $4.4M |
| Multiple for this size and industry | 4.5× |
| Value range | $2.3M – $6.0M |
| Revenue range | $3.6M – $6.3M |
| EBITDA range | $641K – $1.1M |
| Industry (NAICS) | Offices of Dentists (621210) |
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
- BankingThe Central Trust 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
| The Central Trust Bank PPP 2020 | All 323 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 | $269K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Morrow and Lai, DDS, PC
Morrow and Lai, DDS, PC is a dentists company in Tulsa, Oklahoma, in business since 2017. Its estimated annual revenue is about $5.5M, with roughly $974K of EBITDA. It has about 20 employees. Its estimated business value is $4.4M (likely range $2.3M–$6.0M).
Common questions
- Who owns Morrow and Lai, DDS, PC?
- The owner of Morrow and Lai, DDS, PC 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 Morrow and Lai, DDS, PC make?
- SeeBITDA estimates Morrow and Lai, DDS, PC's annual revenue at about $5.5M (likely between $3.6M and $6.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Morrow and Lai, DDS, PC worth?
- About $4.4M, roughly 4.5× its estimated EBITDA of $974K, typical for a dentists company its size. Likely range: $2.3M–$6.0M.
- How many employees does Morrow and Lai, DDS, PC have?
- About 20, from its 2023 retirement-plan filing.
- When was Morrow and Lai, DDS, PC founded?
- Morrow and Lai, DDS, PC has been in business since 2017.