Neurological Surgery, Inc.
How we got $5.9M
Based on its 22 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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
▲ 9% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 22 | $4.9M |
| 2020 | Form 5500 | 21 | $4.7M |
| 2021 | Form 5500 | 20 | $4.4M |
| 2022 | Form 5500 | 17 | $3.8M |
| 2023 | Form 5500 | 23 | $5.1M |
| 2024 | Form 5500 | 24 | $5.3M |
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 |
|---|---|---|
| NEUROLOGICAL SURGERY, INC. this business | $6.6M | — |
| Daniel J. Boedeker, Md Tulsa | $1.5M | 0.0 mi |
| Christopher D. Wilson, MD Tulsa | $1.5M | 0.0 mi |
| Ryan F. Rahhal, MD Tulsa | $1.5M | 0.0 mi |
| NeuroSurgery Specialists Ste A Tulsa | $1.5M | 0.0 mi |
| Steven T Mccormack Tulsa | $1.5M | 0.0 mi |
| ADULT GASTROENTEROLOGY ASSOCIATES, INC. Tulsa · 54 employees | $14.8M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.3M |
| Estimate: the two combined (geometric mean) | $6.6M |
| 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 | $5.9M |
| Multiple for this size and industry | 5× |
| Value range | $3.1M – $8.1M |
| Revenue range | $4.4M – $7.6M |
| EBITDA range | $777K – $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
People & advisors
Advisors
- BankingProsperity 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
| Prosperity Bank PPP 2020 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $310K | 22 |
About Neurological Surgery, Inc.
Neurological Surgery, Inc. is a doctors & clinics company in Tulsa, Oklahoma. Its estimated annual revenue is about $6.6M, with roughly $1.2M of EBITDA. It has about 24 employees. Its estimated business value is $5.9M (likely range $3.1M–$8.1M).
Common questions
- Who owns Neurological Surgery, Inc.?
- The owner of Neurological Surgery, 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 Neurological Surgery, Inc. make?
- SeeBITDA estimates Neurological Surgery, Inc.'s annual revenue at about $6.6M (likely between $4.4M and $7.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Neurological Surgery, Inc. worth?
- About $5.9M, roughly 5× its estimated EBITDA of $1.2M, typical for a doctors & clinics company its size. Likely range: $3.1M–$8.1M.
- How many employees does Neurological Surgery, Inc. have?
- About 24, from its 2024 retirement-plan filing.