Spine Surgery, Inc.
How we got $1.4M
Based on 11 employees on its 2025 401(k) filing.
What we know
Signs of a sale Likely to sell
- In business 33 years (since 1993)
- Founder still runs it after 33 years
- Headcount down 31% since 2021 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Spine Surgery Associates is a spine surgery practice in Oklahoma City, with physicians Dr. James Odor, M.D. and Dr. Fadi Nasr, M.D. The pages do not describe a broader set of services or customers.
From the company's website. Industry: Doctors & clinics.
Estimated value over time
▲ 52% 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
▲ 22% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 9 | $2.0M |
| 2020 | Form 5500 | 11 | $2.4M |
| 2021 | Form 5500 | 16 | $3.6M |
| 2022 | Form 5500 | 9 | $2.0M |
| 2023 | Form 5500 | 10 | $2.2M |
| 2024 | Form 5500 | 16 | $3.6M |
| 2025 | Form 5500 | 11 | $2.4M |
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 |
|---|---|---|
| SPINE SURGERY, INC. this business | $2.2M | — |
| NEUROSCIENCE SPECIALISTS, PC Oklahoma City · 76 employees | $9.6M | 0.0 mi |
| Dr Brian Snell Oklahoma City | $905K | 0.0 mi |
| Dr Jacob Archer Oklahoma City | $905K | 0.0 mi |
| Oklahoma Interventional Pain Specialist Oklahoma City | $905K | 0.0 mi |
| Okc Orthopedics Oklahoma City | $905K | 0.0 mi |
| William J. Hale, Ii, M.d., P.c. Oklahoma City | $905K | 0.0 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 | $1.4M |
| Multiple for this size and industry | 3.3× |
| Value range | $906K – $2.5M |
| Employees in its retirement plan (2025 Form 5500) | 11 |
| Industry revenue per employee | $222K |
| Revenue = employees × revenue per employee | $2.2M |
| EBITDA margin (industry, adjusted for size) | 19% |
| EBITDA = revenue × margin | $429K |
| For comparison: employees reported for PPP (2020) | 9 |
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 | $1.8M – $3.3M |
| EBITDA range | $343K – $644K |
| 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. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Spine Surgery, Inc. was founded in 1993 by Dr. James Odor, M.D.”
Leadership
- JOJames OdorSigned for the company · 2025 retirement-plan filing (Form 5500)
Advisors
- BankingPrism 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
| Prism Bank PPP 2020, PPP 2021 | All 131 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $139K | 9 |
| 1/22/2021 | second | $139K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spine Surgery, Inc.
Spine Surgery, Inc. is a doctors & clinics company in Oklahoma City, Oklahoma, in business since 1993. It is owned by Dr. James Odor, M.D. (Founder). Its estimated annual revenue is about $2.2M, with roughly $429K of EBITDA. It has about 11 employees. Its estimated business value is $1.4M (likely range $906K–$2.5M).
Common questions
- Who owns Spine Surgery, Inc.?
- Spine Surgery, Inc. is owned by Dr. James Odor, M.D. (Founder), according to public sources such as the company's website or filings.
- How much revenue does Spine Surgery, Inc. make?
- SeeBITDA estimates Spine Surgery, Inc.'s annual revenue at about $2.2M (likely between $1.8M and $3.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spine Surgery, Inc. worth?
- About $1.4M, roughly 3.3× its estimated EBITDA of $429K, typical for a doctors & clinics company its size. Likely range: $906K–$2.5M.
- How many employees does Spine Surgery, Inc. have?
- About 11, from its 2025 retirement-plan filing.
- When was Spine Surgery, Inc. founded?
- Spine Surgery, Inc. has been in business since 1993.
- Is Spine Surgery, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 33 years (since 1993); founder still runs it after 33 years; headcount down 31% since 2021 (retirement plan filings).