Phycon Inc.
How we got $6.6M
Based on its 60 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 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
What they do
PhyCon Inc provides billing and coding services for emergency departments and urgent care practices. It offers tailored revenue cycle management to help these practices improve reimbursement and compliance.
From the company's website. Industry: Office Administrative Services.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Mercy Hospital Oklahoma City, Inc. · Ada, 79 mi · $948.2M
- Integris South Oklahoma City Hospital Corporation · Oklahoma City, 6 mi · $358.5M
- MCBRIDE CLINIC, INC. · Oklahoma City, 5 mi · $288.2M
- Integris Health · Oklahoma City, 2 mi · $170.6M
- XPRESS WELLNESS URGENT CARE, LLC · Oklahoma City, 11 mi · $169.8M
Estimated value over time
▲ 20% 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
▼ 25% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 60 | $11.5M |
| 2020 | Form 5500 | 43 | $8.2M |
| 2021 | Form 5500 | 44 | $8.4M |
| 2022 | Form 5500 | 44 | $8.4M |
| 2023 | Form 5500 | 32 | $6.1M |
| 2024 | Form 5500 | 45 | $8.6M |
| 2025 | Form 5500 | 45 | $8.6M |
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 |
|---|---|---|
| PHYCON INC. this business | $16.7M | — |
| AUTHENTIC DEVELOPMENT OF DFW, LLC Oklahoma City · 2 employees | $1000K | 1.0 mi |
| HARRAH SUBWAY Oklahoma City · 2 employees | $667K | 1.0 mi |
| MKR ENTERPRISES, INC Oklahoma City · 6 employees | $1.9M | 1.0 mi |
| HORIZON BUSINESS SERVICES, INC. Oklahoma City · 4 employees | $1.4M | 1.2 mi |
| APS MANAGEMENT COMPANY LLC Oklahoma City · 64 employees | $22.4M | 1.5 mi |
| BGR&R MANAGEMENT INC. Oklahoma City · 29 employees | $7.9M | 1.7 mi |
The full calculation
| Employees reported to the SBA | 60 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.6M |
| Estimate: the two combined (geometric mean) | $16.7M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.5M |
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 | $6.6M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.5M – $9.0M |
| Revenue range | $11.0M – $19.1M |
| EBITDA range | $967K – $1.7M |
| Industry (NAICS) | Office Administrative Services (561110) |
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 Citizens Bank of EdmondPPP / 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 Citizens Bank of Edmond PPP 2020 | All 502 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $658K | 60 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Phycon Inc.
Phycon Inc. is an office administrative services company in Oklahoma City, Oklahoma, in business since 2002. Its estimated annual revenue is about $16.7M, with roughly $1.5M of EBITDA. It has about 45 employees. Its estimated business value is $6.6M (likely range $3.5M–$9.0M).
Common questions
- Who owns Phycon Inc.?
- The owner of Phycon 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 Phycon Inc. make?
- SeeBITDA estimates Phycon Inc.'s annual revenue at about $16.7M (likely between $11.0M and $19.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Phycon Inc. worth?
- About $6.6M, roughly 4.5× its estimated EBITDA of $1.5M, typical for a office administrative services company its size. Likely range: $3.5M–$9.0M.
- How many employees does Phycon Inc. have?
- About 45, from its 2025 retirement-plan filing.
- When was Phycon Inc. founded?
- Phycon Inc. has been in business since 2002.