Transitions Lifecare LLC
- Spencer BrazealPresident · Company website
- Edward Rylander, M.D.Medical Director · Company website
How we got $4.2M
Based on its 35 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 27% 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
Signs of a sale Unlikely to sell soon
- Family in the business (Spencer Brazeal, President)
From public records and the company's website, not a statement that it's for sale.
What they do
Transitions LifeCare is a locally owned, licensed hospice and palliative care provider serving the greater Tulsa, Oklahoma area since 2014, offering in-home hospice care to patients and their families.
From the company's website. Industry: Home health & senior care.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TRANSITIONS LIFECARE LLC this business | $5.5M | — |
| PATRICK HOME CARE LLC Tulsa · 65 employees | $6.9M | 1.1 mi |
| THE WINTERS GROUP LLC Tulsa | $24.0M | 2.4 mi |
| Special Delivery Birth Center Tulsa | $1.5M | 3.0 mi |
| SEASONS HOSPICE, INC. Tulsa · 64 employees | $9.4M | 3.1 mi |
| FAMILY CHOICE HOSPICE LLC Tulsa · 19 employees | $3.3M | 3.1 mi |
| PATRIOT HOMECARE OKLAHOMA LLC Tulsa · 14 employees | $1.3M | 3.3 mi |
The full calculation
| Employees reported to the SBA | 35 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.9M |
| Estimate: the two combined (geometric mean) | $5.5M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $983K |
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 | $4.2M |
| Multiple for this size and industry | 4.3× |
| Value range | $2.2M – $5.8M |
| Revenue range | $3.6M – $6.3M |
| EBITDA range | $647K – $1.1M |
| Industry (NAICS) | Home Health Care Services (621610) |
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
History & advisors
“TLC is family owned with more than 75 years of combined executive-level healthcare experience.”
Advisors
- BankingFirst Oklahoma 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
| First Oklahoma Bank PPP 2020, PPP 2021 | All 695 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $406K | 35 |
| 4/24/2021 | second | $150K | 35 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Transitions Lifecare LLC
Transitions Lifecare LLC is a family-owned home health & senior care company in Tulsa, Oklahoma, in business since 2013. It is owned by Joshua Brazeal. Its estimated annual revenue is about $5.5M, with roughly $983K of EBITDA. It has about 35 employees. Its estimated business value is $4.2M (likely range $2.2M–$5.8M).
Common questions
- Who owns Transitions Lifecare LLC?
- Transitions Lifecare LLC is owned by Joshua Brazeal, according to public sources such as the company's website or filings.
- How much revenue does Transitions Lifecare LLC make?
- SeeBITDA estimates Transitions Lifecare LLC's annual revenue at about $5.5M (likely between $3.6M and $6.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Transitions Lifecare LLC worth?
- About $4.2M, roughly 4.3× its estimated EBITDA of $983K, typical for a home health & senior care company its size. Likely range: $2.2M–$5.8M.
- How many employees does Transitions Lifecare LLC have?
- About 35, as reported on its PPP loan.
- When was Transitions Lifecare LLC founded?
- Transitions Lifecare LLC has been in business since 2013.