Rheumatology Associates, Inc.
How we got $1.1M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RHEUMATOLOGY ASSOCIATES, INC. this business | $1.8M | — |
| J CLARK BUNDREN, MD PLLC Tulsa · 7 employees | $1.5M | 0.0 mi |
| Oklahoma Dermatology Center Tulsa | $1.5M | 0.0 mi |
| Timothy L. Huettner, MD Tulsa | $1.5M | 0.0 mi |
| William A. Hanner, DO Tulsa | $1.5M | 0.0 mi |
| Gregory Mcwilliams Tulsa | $1.5M | 0.0 mi |
| MIDTOWN SURGICAL AND SKIN INSTITUTE P.L.L.C. Tulsa · 3 employees | $1.3M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.6M |
| Estimate: the two combined (geometric mean) | $1.8M |
| EBITDA margin (industry, adjusted for size) | 19% |
| EBITDA = revenue × margin | $343K |
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 | $1.1M |
| Multiple for this size and industry | 3.3× |
| Value range | $596K – $1.5M |
| Revenue range | $1.2M – $2.0M |
| EBITDA range | $226K – $391K |
| 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
History & advisors
Advisors
- BankingRegent 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 Roles are as stated there and may be out of date.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
| Regent Bank PPP 2020 | All 726 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $77K | 6 |
About Rheumatology Associates, Inc.
Rheumatology Associates, Inc. is a doctors & clinics company in Tulsa, Oklahoma. Its estimated annual revenue is about $1.8M, with roughly $343K of EBITDA. It has about 6 employees. Its estimated business value is $1.1M (likely range $596K–$1.5M).
Common questions
- Who owns Rheumatology Associates, Inc.?
- The owner of Rheumatology Associates, 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 Rheumatology Associates, Inc. make?
- SeeBITDA estimates Rheumatology Associates, Inc.'s annual revenue at about $1.8M (likely between $1.2M and $2.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rheumatology Associates, Inc. worth?
- About $1.1M, roughly 3.3× its estimated EBITDA of $343K, typical for a doctors & clinics company its size. Likely range: $596K–$1.5M.
- How many employees does Rheumatology Associates, Inc. have?
- About 6, as reported on its PPP loan.