Triad Eye Institute, Pplc
How we got $46.9M
Based on its 183 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 40 years (since 1986)
- Family in the business (Ryan P. Conley, fellowship-trained cornea expert)
From public records and the company's website, not a statement that it's for sale.
What they do
Triad Eye Institute, PPLC is an eye care practice in Oklahoma and Arkansas offering LASIK, cataract surgery, ophthalmology, cosmetic and oculoplastic surgery, glaucoma and ocular disease treatments.
From the company's website. Industry: Doctors & clinics.
Estimated value over time
▲ 23% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TRIAD EYE INSTITUTE, PPLC this business | $44.7M | — |
| Kids Healthcare Pc Tulsa | $1.5M | 0.1 mi |
| Bosley - Hair Restoration & Transplant - Tulsa Tulsa | $1.5M | 0.1 mi |
| Shapemaster Usa, Inc. Tulsa | $1.5M | 0.1 mi |
| Humana Tulsa | $1.5M | 0.1 mi |
| Paul Gomez Tulsa | $1.5M | 0.1 mi |
| Euphora Tulsa | $1.5M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 183 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $59.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $26.0M |
| Estimate: the two combined (geometric mean) | $44.7M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $6.5M |
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 | $46.9M |
| Multiple for this size and industry | 7.2× |
| Value range | $24.7M – $64.1M |
| Revenue range | $29.4M – $51.0M |
| EBITDA range | $4.3M – $7.4M |
| Industry (NAICS) | Offices of Physicians (except Mental Health Specialists) (621111) |
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
“Founded in 1986, Triad Eye Institute, then known as Triad Eye Medical Clinic, has become the leader in laser vision correction, cataract removal and the treatment of ocular disease for the residents of eastern Oklahoma and surrounding areas of Kansas, Missouri and Arkansas.”
Leadership
- RPRyan P. Conleyfellowship-trained cornea expert · Company website · source
- NKNeel KumarM.D. · Company website · source
- VLValerie LobodiakM.D. · Company website · source
- JGJordan GuffeyM.D. · Company website · source
- JBJuliana BryantM.D. · Company website · source
- MGMohsain GillM.D. · Company website · source
- MKMostafa KhattabD.O. · Company website · source
Advisors
- BankingBOKF, 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
| BOKF, National Association PPP 2020, PPP 2021 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $1.5M | 146 |
| 1/27/2021 | second | $1.5M | 183 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Triad Eye Institute, Pplc
Triad Eye Institute, Pplc is a doctors & clinics company in Tulsa, Oklahoma, in business since 1986. It is owned by Dr. RYAN P CONLEY D.O.. Its estimated annual revenue is about $44.7M, with roughly $6.5M of EBITDA. It has about 183 employees. Its estimated business value is $46.9M (likely range $24.7M–$64.1M).
Common questions
- Who owns Triad Eye Institute, Pplc?
- Triad Eye Institute, Pplc is owned by Dr. RYAN P CONLEY D.O., according to public sources such as the company's website or filings.
- How much revenue does Triad Eye Institute, Pplc make?
- SeeBITDA estimates Triad Eye Institute, Pplc's annual revenue at about $44.7M (likely between $29.4M and $51.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Triad Eye Institute, Pplc worth?
- About $46.9M, roughly 7.2× its estimated EBITDA of $6.5M, typical for a doctors & clinics company its size. Likely range: $24.7M–$64.1M.
- How many employees does Triad Eye Institute, Pplc have?
- About 183, as reported on its PPP loan.
- When was Triad Eye Institute, Pplc founded?
- Triad Eye Institute, Pplc has been in business since 1986.