Pathology Laboratory Associates Inc
How we got $12.9M
Based on its 31 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 25% 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
▲ 345% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 31 | $5.6M |
| 2020 | Form 5500 | 41 | $7.4M |
| 2021 | Form 5500 | 38 | $6.8M |
| 2022 | Form 5500 | 124 | $22.3M |
| 2023 | Form 5500 | 138 | $24.9M |
| 2024 | Form 5500 | 138 | $24.9M |
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
Pathology Laboratory Associates provides anatomic pathology services, including specialty diagnostic testing, for physicians and referring pathologists and patients. It operates a main laboratory in Tulsa, Oklahoma.
From the company's website. Industry: Medical Laboratories.
Customers & suppliers
Customers
- RML · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Saint Francis Hospital Muskogee Inc · Tulsa, 4 mi · $1.95B
- Heart Hospital at Saint Francis · Tulsa, 3 mi · $234.4M
- COMMUNITYCARE, HMO, INC. · Tulsa, 8 mi · $141.6M
- CREOKS MENTAL HEALTH SERVICES, INC. · Tulsa, 3 mi · $102.9M
- OKLAHOMA CANCER SPECIALISTS MANAGEMENT COMPANY, LLC · Tulsa, 1 mi · $97.6M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PATHOLOGY LABORATORY ASSOCIATES INC this business | $16.1M | — |
| Ernest Childers VA Outpatient Clinic Tulsa | $1.8M | 0.1 mi |
| PROVECTUS DIAGNOSTICS, LLC Tulsa · 4 employees | $1.3M | 0.2 mi |
| CONTRACT X-RAY SERVICES, INC. Tulsa · 28 employees | $8.8M | 0.8 mi |
| RADIOLOGICAL SERVICES INC. Tulsa · 4 employees | $1.9M | 1.1 mi |
| OKCTL Tulsa | $1.8M | 1.2 mi |
| Jessica Kreitzberg, DO Tulsa | $1.8M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 31 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $22.3M |
| Estimate: the two combined (geometric mean) | $16.1M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $2.3M |
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 | $12.9M |
| Multiple for this size and industry | 5.5× |
| Value range | $6.8M – $17.6M |
| Revenue range | $10.6M – $18.3M |
| EBITDA range | $1.5M – $2.7M |
| Industry (NAICS) | Medical Laboratories (621511) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- AccountingMorse & Co., PLLCAudits its 401(k) plan (2024 filing)
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $767K | 31 |
2 locations
| 4142 S MINGO RD | Tulsa | This listing |
| 1908 N 14th St | Ponca City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Pathology Laboratory Associates Inc
Pathology Laboratory Associates Inc is a medical laboratories company in Tulsa, Oklahoma, in business since 2016. It is owned by Regional Medical Laboratory. Its estimated annual revenue is about $16.1M, with roughly $2.3M of EBITDA. It has about 138 employees. Its estimated business value is $12.9M (likely range $6.8M–$17.6M). It has 2 locations.
Common questions
- Who owns Pathology Laboratory Associates Inc?
- Pathology Laboratory Associates Inc is owned by Regional Medical Laboratory, according to public sources such as the company's website or filings.
- How much revenue does Pathology Laboratory Associates Inc make?
- SeeBITDA estimates Pathology Laboratory Associates Inc's annual revenue at about $16.1M (likely between $10.6M and $18.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Pathology Laboratory Associates Inc worth?
- About $12.9M, roughly 5.5× its estimated EBITDA of $2.3M, typical for a medical laboratories company its size. Likely range: $6.8M–$17.6M.
- How many employees does Pathology Laboratory Associates Inc have?
- About 138, from its 2024 retirement-plan filing.
- When was Pathology Laboratory Associates Inc founded?
- Pathology Laboratory Associates Inc has been in business since 2016.