Urologic Specialists of Oklahoma, Inc.
How we got $42.0M
Based on 162 employees on its 2025 401(k) filing.
What we know
Signs of a sale Some signs of a sale
- In business 78 years (since 1948)
From public records and the company's website, not a statement that it's for sale.
What they do
Urologic Specialists of Oklahoma is a group of urology physicians providing medical and surgical urologic care to patients in Oklahoma and Arkansas. Its practice was founded over 60 years ago to serve Northeastern Oklahoma.
From the company's website. Industry: Doctors & clinics.
Estimated value over time
▲ 22% 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
▼ 2% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 165 | $36.7M |
| 2020 | Form 5500 | 71 | $15.8M |
| 2021 | Form 5500 | 133 | $29.6M |
| 2022 | Form 5500 | 133 | $29.6M |
| 2023 | Form 5500 | 130 | $28.9M |
| 2024 | Form 5500 | 148 | $32.9M |
| 2025 | Form 5500 | 162 | $36.0M |
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 |
|---|---|---|
| UROLOGIC SPECIALISTS OF OKLAHOMA, INC. this business | $40.1M | — |
| Kevin J. Gancarczyk, MD Tulsa | $905K | 0.0 mi |
| Tillman Hudson Tulsa | $905K | 0.0 mi |
| Rustin C. Walters, MD Tulsa | $905K | 0.0 mi |
| Jeremy Carrico, Md Tulsa | $905K | 0.0 mi |
| David B. Mokhtee Tulsa | $905K | 0.1 mi |
| TULSA BONE & JOINT ASSOCIATES, PC Tulsa · 125 employees | $78.9M | 0.1 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $42.0M |
| Multiple for this size and industry | 7.2× |
| Value range | $26.9M – $75.6M |
| Employees in its retirement plan (2025 Form 5500) | 162 |
| Industry revenue per employee | $222K |
| Revenue = employees × revenue per employee | $40.1M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $5.8M |
| For comparison: employees reported for PPP (2020) | 165 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $32.1M – $60.1M |
| EBITDA range | $4.7M – $8.8M |
| 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. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Since 1948, Urologic Specialists has offered exceptional and innovative urologic care for men, women and children throughout the region.”
Advisors
- AccountingMorse & Co., PLLCAudits its 401(k) plan (2025 filing)
- BankingCommerce 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
| Commerce Bank PPP 2020 | All 113 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $2.3M | 165 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Urologic Specialists of Oklahoma, Inc.
Urologic Specialists of Oklahoma, Inc. is a doctors & clinics company in Tulsa, Oklahoma, in business since 1948. It is owned by John Forrest, MD (Co-founder). Its estimated annual revenue is about $40.1M, with roughly $5.8M of EBITDA. It has about 162 employees. Its estimated business value is $42.0M (likely range $26.9M–$75.6M).
Common questions
- Who owns Urologic Specialists of Oklahoma, Inc.?
- Urologic Specialists of Oklahoma, Inc. is owned by John Forrest, MD (Co-founder), according to public sources such as the company's website or filings.
- How much revenue does Urologic Specialists of Oklahoma, Inc. make?
- SeeBITDA estimates Urologic Specialists of Oklahoma, Inc.'s annual revenue at about $40.1M (likely between $32.1M and $60.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Urologic Specialists of Oklahoma, Inc. worth?
- About $42.0M, roughly 7.2× its estimated EBITDA of $5.8M, typical for a doctors & clinics company its size. Likely range: $26.9M–$75.6M.
- How many employees does Urologic Specialists of Oklahoma, Inc. have?
- About 162, from its 2025 retirement-plan filing.
- When was Urologic Specialists of Oklahoma, Inc. founded?
- Urologic Specialists of Oklahoma, Inc. has been in business since 1948.