Tulsa Pain Consultants, Inc.
- Jamie ForbesChief Operations Officer · Company website
- Andreas RevelisSigns company filings · Form 5500 (2021)
How we got $8.7M
Based on its 40 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 30 years (since 1996)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Tulsa Pain Consultants is an interventional pain clinic in Tulsa, Oklahoma that provides minimally invasive, non-surgical treatments for neck and back pain. It serves patients with injury-related, degenerative and chronic pain.
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.
Employees over time
▼ 68% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 40 | $8.9M |
| 2020 | Form 5500 | 34 | $7.6M |
| 2021 | Form 5500 | 27 | $6.0M |
| 2022 | Form 5500 | 23 | $5.1M |
| 2023 | Form 5500 | 14 | $3.1M |
| 2024 | Form 5500 | 19 | $4.2M |
| 2025 | Form 5500 | 13 | $2.9M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TULSA PAIN CONSULTANTS, INC. this business | $11.1M | — |
| Clarus Healthcare Tulsa | $1.5M | 0.0 mi |
| DIAGNOSTIC IMAGING ASSOCIATES, INC. Tulsa · 80 employees | $31.6M | 0.3 mi |
| OLYMPIA ANESTHESIA PLC Tulsa · 12 employees | $4.4M | 0.3 mi |
| OKLAHOMA CANCER SPECIALISTS MANAGEMENT COMPANY, LLC Tulsa | $97.6M | 0.3 mi |
| Green Country Emergency Physicians Group Of Owasso Pllc Tulsa | $1.5M | 0.3 mi |
| Tulsa - Hillcrest Emergency Physicians, Inc. Tulsa | $1.5M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 40 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.2M |
| Estimate: the two combined (geometric mean) | $11.1M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $1.7M |
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 | $8.7M |
| Multiple for this size and industry | 5× |
| Value range | $4.6M – $11.9M |
| Revenue range | $7.3M – $12.7M |
| EBITDA range | $1.1M – $2.0M |
| 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
- 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 | $477K | 40 |
| 1/19/2021 | second | $465K | 39 |
3 locations
| 10810 E 45th St. Suite 400 | Tulsa | This listing |
| 1417 S Western Rd | Stillwater | View |
| 2000 S Wheeling Ave Ste 600 | 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 Pain Consultants, Inc.
Tulsa Pain Consultants, Inc. is a doctors & clinics company in Tulsa, Oklahoma, in business since 1996. It is owned by Martin Martucci. Its estimated annual revenue is about $11.1M, with roughly $1.7M of EBITDA. It has about 13 employees. Its estimated business value is $8.7M (likely range $4.6M–$11.9M). It has 3 locations.
Common questions
- Who owns Tulsa Pain Consultants, Inc.?
- Tulsa Pain Consultants, Inc. is owned by Martin Martucci, according to public sources such as the company's website or filings.
- How much revenue does Tulsa Pain Consultants, Inc. make?
- SeeBITDA estimates Tulsa Pain Consultants, Inc.'s annual revenue at about $11.1M (likely between $7.3M and $12.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tulsa Pain Consultants, Inc. worth?
- About $8.7M, roughly 5× its estimated EBITDA of $1.7M, typical for a doctors & clinics company its size. Likely range: $4.6M–$11.9M.
- How many employees does Tulsa Pain Consultants, Inc. have?
- About 13, from its 2025 retirement-plan filing.
- When was Tulsa Pain Consultants, Inc. founded?
- Tulsa Pain Consultants, Inc. has been in business since 1996.