Surgery Inc
How we got $8.5M
Based on its 26 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
Ascension Medical Group St. John Colon & Rectal Surgery provides colorectal surgery care in Tulsa, OK, for patients when medication and other non-surgical treatments are unavailable or cannot relieve symptoms. The page describes Ascension St. John Jane Phillips Family Services as delivering health screenings and care for illness and injuries, and a Labor and Delivery Unit in Bartlesville.
From the company's website. Industry: Doctors & clinics.
Estimated value over time
▲ 74% 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
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 26 | $5.5M |
| 2020 | Form 5500 | 14 | $3.0M |
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 |
|---|---|---|
| SURGERY INC this business | $12.9M | — |
| St. John Lafortune Cancer Center Tulsa | $2.0M | 0.0 mi |
| Ascension St. John Medical Center - Holliman Medical Building Tulsa | $2.0M | 0.0 mi |
| Regional Medical Laboratory Tulsa | $2.0M | 0.0 mi |
| Ocsri Breast Clinic Tulsa | $2.0M | 0.1 mi |
| Ascension St. John Heyman Stroke Center Tulsa | $2.0M | 0.1 mi |
| Britney S. Welch, PA Tulsa | $2.0M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 26 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.7M |
| Estimate: the two combined (geometric mean) | $12.9M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $1.9M |
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 | $8.5M |
| Multiple for this size and industry | 4.5× |
| Value range | $4.5M – $11.6M |
| Revenue range | $8.5M – $14.7M |
| EBITDA range | $1.2M – $2.1M |
| Industry (NAICS) | Freestanding Ambulatory Surgical and Emergency Centers (621493) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
People & advisors
Advisors
- BankingTriad Bank, National AssociationPPP / 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
| Triad Bank, National Association PPP 2020 | All 138 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 | $482K | 26 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Surgery Inc
Surgery Inc is a doctors & clinics company in Tulsa, Oklahoma, in business since 2002. Its estimated annual revenue is about $12.9M, with roughly $1.9M of EBITDA. It has about 14 employees. Its estimated business value is $8.5M (likely range $4.5M–$11.6M).
Common questions
- Who owns Surgery Inc?
- The owner of Surgery 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 Surgery Inc make?
- SeeBITDA estimates Surgery Inc's annual revenue at about $12.9M (likely between $8.5M and $14.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Surgery Inc worth?
- About $8.5M, roughly 4.5× its estimated EBITDA of $1.9M, typical for a doctors & clinics company its size. Likely range: $4.5M–$11.6M.
- How many employees does Surgery Inc have?
- About 14, from its 2020 retirement-plan filing.
- When was Surgery Inc founded?
- Surgery Inc has been in business since 2002.