Urology Associates Inc
How we got $7.6M
Based on its 39 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 60 years (since 1966)
- Founder still runs it after 60 years
From public records and the company's website, not a statement that it's for sale.
What they do
Urology Associates provides comprehensive urologic care to adults and children in Oklahoma and the surrounding areas, diagnosing and treating conditions of the genitourinary system.
From the company's website. Industry: Doctors & clinics.
Customers & suppliers
Suppliers & brands
- Coloplast · brand it sells or installs
- Boston Scientific · brand it sells or installs
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
▲ 62% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 39 | $8.7M |
| 2022 | Form 5500 | 44 | $9.8M |
| 2023 | Form 5500 | 38 | $8.4M |
| 2024 | Form 5500 | 35 | $7.8M |
| 2025 | Form 5500 | 63 | $14.0M |
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 |
|---|---|---|
| UROLOGY ASSOCIATES INC this business | $9.7M | — |
| AARON F BENHAM MD PLLC Oklahoma City · 1 employees | $523K | 0.0 mi |
| CHARLES T SNYDER MD PLLC Oklahoma City · 1 employees | $467K | 0.0 mi |
| JESSE S LITTLE JR MD PLLC Oklahoma City · 2 employees | $1.0M | 0.0 mi |
| JOHNNY D. HICKSON III, MD., PLLC Oklahoma City · 2 employees | $812K | 0.0 mi |
| Dr. Daniel P. Barnes Oklahoma City | $1.5M | 0.0 mi |
| Thomas A. David, Dds, Inc. Oklahoma City | $1.5M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 39 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.4M |
| Estimate: the two combined (geometric mean) | $9.7M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $1.5M |
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 | $7.6M |
| Multiple for this size and industry | 5× |
| Value range | $4.0M – $10.4M |
| Revenue range | $6.4M – $11.0M |
| EBITDA range | $996K – $1.7M |
| 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
People & advisors
“Founded in 1966 by B.G. Smith, MD and Shelby Barnes, MD, Urology Associates has grown to become the premier urology group in the state of Oklahoma with eight board-certified physicians.”
Leadership
- DPDaniel P Barnes, MDPhysician · Company website · source
- JDJohnny D Hickson III, MDPhysician · Company website · source
- SPStephen P Pittman, MDPhysician · Company website · source
- AFAaron F Benham, MDPhysician · Company website · source
- JSJ. Samuel Little Jr, MDPhysician · Company website · source
- CSConner S Davey, MDPhysician · Company website · source
- ABAsh B Bowen, MDPhysician · Company website · source
- CTCharles T Snyder, MDPhysician · Company website · source
- NANatalie A. Esparza, MDPhysician · Company website · source
- CWCole W Wootton, MDPhysician · Company website · source
- NBNikki Blackburn, APRN, CUNPAdvanced Practice Registered Nurse · Company website · source
- TJTeresa James, APRN, FNP-CAdvanced Practice Registered Nurse · Company website · source
Advisors
- BankingNBC OklahomaPPP / 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
| NBC Oklahoma PPP 2020 | All 526 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $371K | 39 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Urology Associates Inc
Urology Associates Inc is a doctors & clinics company in Oklahoma City, Oklahoma, in business since 1966. It is owned by B.G. Smith (Founder). Its estimated annual revenue is about $9.7M, with roughly $1.5M of EBITDA. It has about 63 employees. Its estimated business value is $7.6M (likely range $4.0M–$10.4M).
Common questions
- Who owns Urology Associates Inc?
- Urology Associates Inc is owned by B.G. Smith (Founder), according to public sources such as the company's website or filings.
- How much revenue does Urology Associates Inc make?
- SeeBITDA estimates Urology Associates Inc's annual revenue at about $9.7M (likely between $6.4M and $11.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Urology Associates Inc worth?
- About $7.6M, roughly 5× its estimated EBITDA of $1.5M, typical for a doctors & clinics company its size. Likely range: $4.0M–$10.4M.
- How many employees does Urology Associates Inc have?
- About 63, from its 2025 retirement-plan filing.
- When was Urology Associates Inc founded?
- Urology Associates Inc has been in business since 1966.
- Is Urology Associates Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 60 years (since 1966); founder still runs it after 60 years.