Progressive Orthotic and Prosthetic Services, Inc.
- Daniel ArnetteTechnical staff · Company website
How we got $2.5M
Based on its 17 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 29% 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.
What we know
Signs of a sale Some signs of a sale
- In business 31 years (since 1995)
- Founder still runs it after 31 years
- Family in the business (Daniel Arnette, Technical staff)
From public records and the company's website, not a statement that it's for sale.
What they do
Progressive is a full service prosthetic and orthotic facility providing prosthetics, orthotics and bracing with one-on-one care to help patients achieve their goals. It also offers post-operative dressings for amputees in hospital settings.
From the company's website. Industry: Surgical Appliance and Supplies Manufacturing.
Customers & suppliers
Customers
- Department of Veterans Affairs · federal contracts $852K
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PROGRESSIVE ORTHOTIC AND PROSTHETIC SERVICES, INC. this business | $4.6M | — |
| TK & TN DENTAL INC. Tulsa · 7 employees | $1.3M | 0.3 mi |
| EYE RESTORATION CLINIC Tulsa · 4 employees | $813K | 1.0 mi |
| Carter Dental Laboratories Tulsa | $1.5M | 1.3 mi |
| LARRY BREWER DENTAL LAB INC. Tulsa · 47 employees | $10.3M | 1.3 mi |
| RX OPTICAL LLC Broken Arrow · 69 employees | $24.0M | 2.3 mi |
| rxotulsa Broken Arrow | $1.7M | 2.3 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.0M |
| Estimate: the two combined (geometric mean) | $4.6M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $639K |
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 | $2.5M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.3M – $3.4M |
| Revenue range | $3.0M – $5.3M |
| EBITDA range | $421K – $729K |
| Industry (NAICS) | Surgical Appliance and Supplies Manufacturing (339113) |
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
“In November of 1995, Jeff Arnette, CPO, and his wife Kathy, founded our company in Tulsa Oklahoma without contacts, clientele, loan, or real estate.”
Advisors
- BankingWeStreet FCU, Chickasaw Community 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
| Chickasaw Community Bank PPP 2021 | All 317 borrowers → |
| WeStreet FCU PPP 2020 | All 179 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $131K | 15 |
| 5/20/2021 | second | $136K | 17 |
2 locations
| 9511 E 46TH ST | Tulsa | This listing |
| 1631 SE Washington Blvd | Bartlesville | 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 Progressive Orthotic and Prosthetic Services, Inc.
Progressive Orthotic and Prosthetic Services, Inc. is a surgical appliance and supplies manufacturing company in Tulsa, Oklahoma, in business since 1995. It is owned by Jeff Arnette (Founder). Its estimated annual revenue is about $4.6M, with roughly $639K of EBITDA. It has about 17 employees. Its estimated business value is $2.5M (likely range $1.3M–$3.4M). It has 2 locations.
Common questions
- Who owns Progressive Orthotic and Prosthetic Services, Inc.?
- Progressive Orthotic and Prosthetic Services, Inc. is owned by Jeff Arnette (Founder), according to public sources such as the company's website or filings.
- How much revenue does Progressive Orthotic and Prosthetic Services, Inc. make?
- SeeBITDA estimates Progressive Orthotic and Prosthetic Services, Inc.'s annual revenue at about $4.6M (likely between $3.0M and $5.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Progressive Orthotic and Prosthetic Services, Inc. worth?
- About $2.5M, roughly 3.9× its estimated EBITDA of $639K, typical for a surgical appliance and supplies manufacturing company its size. Likely range: $1.3M–$3.4M.
- How many employees does Progressive Orthotic and Prosthetic Services, Inc. have?
- About 17, as reported on its PPP loan.
- When was Progressive Orthotic and Prosthetic Services, Inc. founded?
- Progressive Orthotic and Prosthetic Services, Inc. has been in business since 1995.