Neurosurgical & Spine Associates of Okla
How we got $1.6M
Based on its 11 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
- In business 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
What they do
Neurosurgical and Spine Associates of Oklahoma is a practice that specializes in adult neurological and spinal disorders, offering non-surgical and surgical options in Oklahoma City.
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
▼ 55% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 11 | $2.4M |
| 2020 | Form 5500 | 6 | $1.3M |
| 2021 | Form 5500 | 7 | $1.6M |
| 2022 | Form 5500 | 7 | $1.6M |
| 2023 | Form 5500 | 6 | $1.3M |
| 2024 | Form 5500 | 7 | $1.6M |
| 2025 | Form 5500 | 5 | $1.1M |
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 |
|---|---|---|
| NEUROSURGICAL & SPINE ASSOCIATES OF OKLA this business | $2.5M | — |
| Qualls Stevens, Do Oklahoma City | $1.5M | 0.0 mi |
| Community Hospital Outpatient Oklahoma City | $1.5M | 0.0 mi |
| Alexandra Lich, Md Oklahoma City | $1.5M | 0.0 mi |
| Dab & Go Medical Marijuana Dispensary Oklahoma City | $1.5M | 0.1 mi |
| Oklahoma Children's Hospital OU Health - Community Pediatrics Clinic SW Oklahoma City | $1.5M | 0.1 mi |
| Starlight Dispensary Oklahoma City | $1.5M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.6M |
| Estimate: the two combined (geometric mean) | $2.5M |
| EBITDA margin (industry, adjusted for size) | 19% |
| EBITDA = revenue × margin | $484K |
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 | $1.6M |
| Multiple for this size and industry | 3.3× |
| Value range | $841K – $2.2M |
| Revenue range | $1.6M – $2.8M |
| EBITDA range | $319K – $552K |
| 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
Leadership
- QEQualls E. J. StevensBoard-Certified Neurosurgeon and Fellowship-Trained Spine Su · Company website · source
Advisors
- BankingFirst Bank and Trust of Memphis, Bank360PPP / 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
| BANK360 PPP 2021 | All 61 borrowers → |
| First Bank and Trust of Memphis PPP 2020 | All 78 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 | $88K | 8 |
| 1/16/2021 | second | $86K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Neurosurgical & Spine Associates of Okla
Neurosurgical & Spine Associates of Okla is a doctors & clinics company in Oklahoma City, Oklahoma, in business since 2008. Its estimated annual revenue is about $2.5M, with roughly $484K of EBITDA. It has about 5 employees. Its estimated business value is $1.6M (likely range $841K–$2.2M).
Common questions
- Who owns Neurosurgical & Spine Associates of Okla?
- The owner of Neurosurgical & Spine Associates of Okla 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 Neurosurgical & Spine Associates of Okla make?
- SeeBITDA estimates Neurosurgical & Spine Associates of Okla's annual revenue at about $2.5M (likely between $1.6M and $2.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Neurosurgical & Spine Associates of Okla worth?
- About $1.6M, roughly 3.3× its estimated EBITDA of $484K, typical for a doctors & clinics company its size. Likely range: $841K–$2.2M.
- How many employees does Neurosurgical & Spine Associates of Okla have?
- About 5, from its 2025 retirement-plan filing.
- When was Neurosurgical & Spine Associates of Okla founded?
- Neurosurgical & Spine Associates of Okla has been in business since 2008.