Surgical Associates, Inc
How we got $6.5M
Based on its 32 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 22% 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 | 32 | $4.0M |
| 2020 | Form 5500 | 29 | $3.6M |
| 2021 | Form 5500 | 28 | $3.5M |
| 2022 | Form 5500 | 22 | $2.7M |
| 2023 | Form 5500 | 26 | $3.2M |
| 2024 | Form 5500 | 25 | $3.1M |
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 |
|---|---|---|
| SURGICAL ASSOCIATES, INC this business | $7.4M | — |
| BISCHOFF HAND SURGERY, PLLC Tulsa · 3 employees | $1.1M | 0.0 mi |
| BREAST HEALTH SPECIALISTS OF OKLAHOMA, PLLC Tulsa · 3 employees | $1.3M | 0.0 mi |
| EAR, NOSE & THROAT INC. Tulsa · 5 employees | $1.4M | 0.0 mi |
| RADIATION ONCOLOGY SERVICES, PC Tulsa · 2 employees | $966K | 0.0 mi |
| TULSA INTEGRATED PAIN SERVICES Tulsa · 17 employees | $5.2M | 0.0 mi |
| Petc Research Group Inc Tulsa | $1.5M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 32 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.0M |
| Estimate: the two combined (geometric mean) | $7.4M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $1.3M |
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 | $6.5M |
| Multiple for this size and industry | 5× |
| Value range | $3.4M – $9.0M |
| Revenue range | $4.8M – $8.4M |
| EBITDA range | $862K – $1.5M |
| Industry (NAICS) | Offices of Physicians, Mental Health Specialists (621112) |
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
Leadership
- LTLouise TroxellSigned for the company · 2021 retirement-plan filing (Form 5500)
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 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 | $433K | 32 |
2 locations
| 2448 E 81ST ST, STE 1100 | Tulsa | This listing |
| 6465 S Yale Ave | Tulsa | 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 Surgical Associates, Inc
Surgical Associates, Inc is a doctors & clinics company in Tulsa, Oklahoma. Its estimated annual revenue is about $7.4M, with roughly $1.3M of EBITDA. It has about 25 employees. Its estimated business value is $6.5M (likely range $3.4M–$9.0M). It has 2 locations.
Common questions
- Who owns Surgical Associates, Inc?
- The owner of Surgical 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 Surgical Associates, Inc make?
- SeeBITDA estimates Surgical Associates, Inc's annual revenue at about $7.4M (likely between $4.8M and $8.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Surgical Associates, Inc worth?
- About $6.5M, roughly 5× its estimated EBITDA of $1.3M, typical for a doctors & clinics company its size. Likely range: $3.4M–$9.0M.
- How many employees does Surgical Associates, Inc have?
- About 25, from its 2024 retirement-plan filing.