CareATC
How we got $150.2M
Based on 710 employees on its 2024 401(k) filing.
What we know
Signs of a sale Some signs of a sale
- In business 26 years (since 2000)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
CareATC provides on-site and near-site primary care, occupational health, and total health solutions to employers and their workforces, aiming to reduce healthcare costs by improving employee health.
From the company's website. Industry: Other ambulatory health care services.
Ownership & transactions
- Recapitalization from LLR Partners · Mar 2019LLR Partners announced it completed a growth recapitalization of CareATC, Inc., a Tulsa-based employee population health company.Source
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Laredo Petroleum · Tulsa, 9 mi · $1.95B
- Aaon, Inc. · Tulsa, 10 mi · $1.44B
- Integrated Service Co Llc · Tulsa, 6 mi · $1.21B
- NORDAM Nacelle & Thrust Reverser Division · Tulsa, 12 mi · $951.2M
- Webco Industries, Inc · Sand Springs, 15 mi · $870.6M
- HOGAN ASSESSMENT SYSTEMS, INC. · Tulsa, 9 mi · $24.5M
- PATRIOT ENVIRONMENTAL, L.L.C. · Meeker, 72 mi · $23.8M
- MELONE'S ENTERPRISES, LLC · Inola, 18 mi · $16.6M
- LYNNCO SUPPLY CHAIN SOLUTIONS, INC. · Tulsa, 8 mi · $15.8M
- FRANCIS ENERGY MANAGEMENT CO, LLC · Tulsa, 10 mi · $14.8M
Estimated value over time
▲ 77% 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
▲ 42% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 499 | $88.7M |
| 2021 | Form 5500 | 461 | $82.0M |
| 2022 | Form 5500 | 498 | $88.6M |
| 2023 | Form 5500 | 541 | $96.2M |
| 2024 | Form 5500 | 710 | $126.3M |
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 |
|---|---|---|
| CareATC this business | $157.1M | — |
| MEDSUPPORT, LLC Tulsa · 17 employees | $3.6M | 2.2 mi |
| SAFE HOMECARE LLC Tulsa · 26 employees | $4.8M | 2.8 mi |
| CENTERPOINT BEHAVIORAL HEALTH SYSTEMS PLLC Tulsa · 4 employees | $1.2M | 3.7 mi |
| MELTON HEALTH AND MEDICAL SERVICES, PC Broken Arrow · 5 employees | $1.5M | 4.0 mi |
| GOLIFE MOBILE MEDICAL INC Tulsa · 7 employees | $1.2M | 4.0 mi |
| CLEAR-TONE HEARING AID LABORATORIES, INC. Tulsa · 43 employees | $10.6M | 4.2 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $150.2M |
| Multiple for this size and industry | 7.5× |
| Value range | $96.1M – $270.3M |
| Employees in its retirement plan (2024 Form 5500) | 710 |
| Industry revenue per employee | $178K |
| Revenue = employees × revenue per employee | $157.1M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $20.0M |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $125.7M – $235.7M |
| EBITDA range | $16.0M – $30.0M |
| Industry (NAICS) | Other ambulatory health care services (621900) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
“CareATC was officially founded in 2000 and began offering customizable on-site primary care clinics.”
Leadership
- DCDawn CarterChief Executive Officer · Company website · source
- JMJeff MazzoniChief Financial Officer · Company website · source
- GBGreg Biernacki, MD, MPHChief Medical Officer · Company website · source
- PKPaul KeelingChief Business Dev. Officer · Company website · source
- MMMike MieschChief Growth Officer · Company website · source
- HDHeather DavidsonSVP, People Operations · Company website · source
- MLMichelle LoPortoSVP, Client Success · Company website · source
Advisors
- AccountingHogantaylor LLPAudits its 401(k) plan (2024 filing)
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.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About CareATC
CareATC is an other ambulatory health care services company in Tulsa, Oklahoma, in business since 2000. It is owned by Peter Hotz (President). Its estimated annual revenue is about $157.1M, with roughly $20.0M of EBITDA. It has about 710 employees. Its estimated business value is $150.2M (likely range $96.1M–$270.3M).
Common questions
- Who owns CareATC?
- CareATC is owned by Peter Hotz (President), according to public sources such as the company's website or filings.
- How much revenue does CareATC make?
- SeeBITDA estimates CareATC's annual revenue at about $157.1M (likely between $125.7M and $235.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is CareATC worth?
- About $150.2M, roughly 7.5× its estimated EBITDA of $20.0M, typical for a other ambulatory health care services company its size. Likely range: $96.1M–$270.3M.
- How many employees does CareATC have?
- About 710, from its 2024 retirement-plan filing.
- When was CareATC founded?
- CareATC has been in business since 2000.