Tulsa Medical Laboratory, LLC
How we got $33.2M
Based on its 68 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 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
What they do
Tulsa Medical Lab is a diagnostic testing laboratory in Northeast Oklahoma offering histology, cytology, and molecular testing to assist physician practices, hospitals and clinics.
From the company's website. Industry: Medical Laboratories.
Customers & suppliers
Suppliers & brands
- Hologic · brand it sells or installs
- Sunquest CopathPlus · brand it sells or installs
- Corepoint Health Integration Engine · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Saint Francis Hospital Muskogee Inc · Tulsa, 2 mi · $1.95B
- Birthing Center - Ascension St. John Medical Center · Tulsa, 3 mi · $640.7M
- Heart Hospital at Saint Francis · Tulsa, 2 mi · $234.4M
- COMMUNITYCARE, HMO, INC. · Tulsa, 5 mi · $141.6M
- CREOKS MENTAL HEALTH SERVICES, INC. · Tulsa, 2 mi · $102.9M
Estimated value over time
▲ 25% 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
▼ 16% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 68 | $12.2M |
| 2020 | Form 5500 | 57 | $10.3M |
| 2021 | Form 5500 | 53 | $9.5M |
| 2022 | Form 5500 | 38 | $6.8M |
| 2023 | Form 5500 | 37 | $6.7M |
| 2024 | Form 5500 | 55 | $9.9M |
| 2025 | Form 5500 | 57 | $10.3M |
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 |
|---|---|---|
| TULSA MEDICAL LABORATORY, LLC this business | $35.1M | — |
| LABORATORY LOGISTIC SERVICES LLC Tulsa · 15 employees | $5.3M | 0.5 mi |
| Tulsa Family Physicians Tulsa | $1.7M | 0.6 mi |
| Ascension Medical Group St. John South Harvard Tulsa | $1.7M | 0.6 mi |
| Karen A. Sturgill, APRN, CNP Tulsa | $1.7M | 0.6 mi |
| Kevin E. Steichen, MD Tulsa | $1.7M | 0.6 mi |
| Charles Mark Teter Tulsa | $1.7M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 68 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $19.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $48.4M |
| Estimate: the two combined (geometric mean) | $35.1M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $5.1M |
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 | $33.2M |
| Multiple for this size and industry | 6.5× |
| Value range | $17.5M – $45.4M |
| Revenue range | $23.1M – $40.0M |
| EBITDA range | $3.4M – $5.8M |
| Industry (NAICS) | Medical Laboratories (621511) |
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
Leadership
- SWSigrid WaynePathologist · Company website · source
- CLCynthia L. HolmesPathologist · Company website · source
- AVAnne V. Herdman RoyalPathologist · Company website · source
- LRL. Rodrigo SotoPathologist · Company website · source
- CNChristopher N. ThompsonPathologist · Company website · source
- HDHenry D. HaskellPathologist · Company website · source
- HCHeather CharlesHuman Resources Department contact · Company website · source
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 |
|---|---|---|---|
| 4/6/2020 | first | $1.7M | 68 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tulsa Medical Laboratory, LLC
Tulsa Medical Laboratory, LLC is a medical laboratories company in Tulsa, Oklahoma, in business since 2005. Its estimated annual revenue is about $35.1M, with roughly $5.1M of EBITDA. It has about 57 employees. Its estimated business value is $33.2M (likely range $17.5M–$45.4M).
Common questions
- Who owns Tulsa Medical Laboratory, LLC?
- The owner of Tulsa Medical Laboratory, LLC 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 Medical Laboratory, LLC make?
- SeeBITDA estimates Tulsa Medical Laboratory, LLC's annual revenue at about $35.1M (likely between $23.1M and $40.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tulsa Medical Laboratory, LLC worth?
- About $33.2M, roughly 6.5× its estimated EBITDA of $5.1M, typical for a medical laboratories company its size. Likely range: $17.5M–$45.4M.
- How many employees does Tulsa Medical Laboratory, LLC have?
- About 57, from its 2025 retirement-plan filing.
- When was Tulsa Medical Laboratory, LLC founded?
- Tulsa Medical Laboratory, LLC has been in business since 2005.