Tulsa Bone & Joint Associates, PC
How we got $62.0M
Based on its 125 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
Employees over time
▲ 155% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 125 | $27.8M |
| 2020 | Form 5500 | 190 | $42.2M |
| 2021 | Form 5500 | 183 | $40.7M |
| 2022 | Form 5500 | 180 | $40.0M |
| 2023 | Form 5500 | 206 | $45.8M |
| 2024 | Form 5500 | 319 | $70.9M |
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 25 years (since 2001)
From public records and the company's website, not a statement that it's for sale.
What they do
Tulsa Bone & Joint Associates is an orthopedic practice offering comprehensive orthopedic care, including urgent care, sports medicine, joint replacement, and physical and occupational therapy.
From the company's website. Industry: Doctors & clinics.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TULSA BONE & JOINT ASSOCIATES, PC this business | $59.1M | — |
| Travis Joe Small Tulsa | $1.5M | 0.0 mi |
| David B. Mokhtee Tulsa | $1.5M | 0.1 mi |
| Jeremy Carrico, Md Tulsa | $1.5M | 0.1 mi |
| UROLOGIC SPECIALISTS OF OKLAHOMA, INC. Tulsa · 165 employees | $52.9M | 0.1 mi |
| Tillman Hudson Tulsa | $1.5M | 0.1 mi |
| Kevin J. Gancarczyk, MD Tulsa | $1.5M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 125 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $40.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $66.4M |
| Estimate: the two combined (geometric mean) | $59.1M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $8.6M |
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 | $62.0M |
| Multiple for this size and industry | 7.2× |
| Value range | $32.6M – $84.8M |
| Revenue range | $38.9M – $67.4M |
| EBITDA range | $5.7M – $9.8M |
| Industry (NAICS) | Offices of Physicians (except Mental Health Specialists) (621111) |
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
Advisors
- AccountingEide Bailly LLPAudits its 401(k) plan (2024 filing)
- 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 | All 695 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $3.8M | 125 |
4 locations
| 4802 South 109th East Avenue | Tulsa | This listing |
| 4140 SE Adams Rd | Bartlesville | View |
| 12455 E 100th St N | Owasso | View |
| 6475 S Yale Ave Ste 200 | 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 Tulsa Bone & Joint Associates, PC
Tulsa Bone & Joint Associates, PC is a doctors & clinics company in Tulsa, Oklahoma, in business since 2001. Its estimated annual revenue is about $59.1M, with roughly $8.6M of EBITDA. It has about 319 employees. Its estimated business value is $62.0M (likely range $32.6M–$84.8M). It has 4 locations.
Common questions
- Who owns Tulsa Bone & Joint Associates, PC?
- The owner of Tulsa Bone & Joint Associates, PC 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 Tulsa Bone & Joint Associates, PC make?
- SeeBITDA estimates Tulsa Bone & Joint Associates, PC's annual revenue at about $59.1M (likely between $38.9M and $67.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tulsa Bone & Joint Associates, PC worth?
- About $62.0M, roughly 7.2× its estimated EBITDA of $8.6M, typical for a doctors & clinics company its size. Likely range: $32.6M–$84.8M.
- How many employees does Tulsa Bone & Joint Associates, PC have?
- About 319, from its 2024 retirement-plan filing.
- When was Tulsa Bone & Joint Associates, PC founded?
- Tulsa Bone & Joint Associates, PC has been in business since 2001.