Summit Medical Center, LLC
- Tammy LindseyChief Nursing Officer & Chief Regulatory Officer · Company website
- Greg LewisChief Operating Officer · Company website
- Geron DaughertyChief Financial Officer · Company website
How we got $16.2M
Based on its 197 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 30% 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
▼ 18% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 197 | $43.4M |
| 2020 | Form 5500 | 203 | $44.8M |
| 2021 | Form 5500 | 195 | $43.0M |
| 2022 | Form 5500 | 159 | $35.1M |
| 2023 | Form 5500 | 138 | $30.4M |
| 2024 | Form 5500 | 162 | $35.7M |
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
Signs of a sale Some signs of a sale
- In business 20 years (since 2006)
- Headcount down 20% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Summit Medical Center is a physician-owned, licensed acute care hospital in Edmond, Oklahoma, offering surgical procedures, specialty care, laboratory, radiology and respiratory therapy services.
From the company's website. Industry: General medical and surgical hospitals.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SUMMIT MEDICAL CENTER, LLC this business | $56.7M | — |
| OKLAHOMA ER HOSPITAL LLC Edmond · 48 employees | $13.1M | 2.9 mi |
| MICHAEL KALCICH EMERGENCY MEDICAL SERVICES, INC. Edmond · 1 employees | $703K | 3.9 mi |
| JOHN BELARDO MD PLLC Oklahoma City · 1 employees | $704K | 4.4 mi |
| OneCore Health Oklahoma City | $3.0M | 5.4 mi |
| ORTHOPAEDIC AND SPORTS SPECIALISTS, PC Oklahoma City · 7 employees | $3.2M | 5.9 mi |
| KEITH MCFARLAND MD PC Oklahoma City · 1 employees | $839K | 6.1 mi |
The full calculation
| Employees reported to the SBA | 197 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $45.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $54.4M |
| Estimate: the two combined (geometric mean) | $56.7M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $2.9M |
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 | $16.2M |
| Multiple for this size and industry | 5.5× |
| Value range | $8.5M – $22.2M |
| Revenue range | $37.3M – $64.7M |
| EBITDA range | $1.9M – $3.4M |
| Industry (NAICS) | General medical and surgical hospitals (622110) |
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
“Since 2006, Summit Medical Center has cared for patients as a physician-owned, licensed acute care hospital.”
Advisors
- AccountingForvis Mazars, LLPAudits its 401(k) plan (2024 filing)
- BankingSimmons 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
| Simmons Bank PPP 2020, PPP 2021 | All 789 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $2.4M | 197 |
| 4/7/2021 | second | $2.0M | 157 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Summit Medical Center, LLC
Summit Medical Center, LLC is a general medical and surgical hospitals company in Edmond, Oklahoma, in business since 2006. It is owned by Curtis Summers (Chief Executive Officer). Its estimated annual revenue is about $56.7M, with roughly $2.9M of EBITDA. It has about 162 employees. Its estimated business value is $16.2M (likely range $8.5M–$22.2M).
Common questions
- Who owns Summit Medical Center, LLC?
- Summit Medical Center, LLC is owned by Curtis Summers (Chief Executive Officer), according to public sources such as the company's website or filings.
- How much revenue does Summit Medical Center, LLC make?
- SeeBITDA estimates Summit Medical Center, LLC's annual revenue at about $56.7M (likely between $37.3M and $64.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Summit Medical Center, LLC worth?
- About $16.2M, roughly 5.5× its estimated EBITDA of $2.9M, typical for a general medical and surgical hospitals company its size. Likely range: $8.5M–$22.2M.
- How many employees does Summit Medical Center, LLC have?
- About 162, from its 2024 retirement-plan filing.
- When was Summit Medical Center, LLC founded?
- Summit Medical Center, LLC has been in business since 2006.