Newman Physicians' Group, Inc.
How we got $1.3M
Based on its 11 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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
▼ 18% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 11 | $2.4M |
| 2021 | Form 5500 | 8 | $1.8M |
| 2022 | Form 5500 | 9 | $2.0M |
| 2023 | Form 5500 | 9 | $2.0M |
| 2024 | Form 5500 | 9 | $2.0M |
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 |
|---|---|---|
| NEWMAN PHYSICIANS' GROUP, INC. this business | $2.0M | — |
| Scott Eye Care Pllc Shattuck | $1.5M | 6.8 mi |
| Newman Healthcare Associates Shattuck | $1.5M | 7.2 mi |
| Stuart Family Medicine, Pllc Shattuck | $1.5M | 7.2 mi |
| Better Hearing Systems Of Ok Woodward | $1.5M | 32.5 mi |
| Traditions Health Hospice Woodward | $1.5M | 32.8 mi |
| Ryse Academy Of Martial Arts Woodward | $1.5M | 32.8 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $2.0M |
| EBITDA margin (industry, adjusted for size) | 19% |
| EBITDA = revenue × margin | $387K |
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 | $1.3M |
| Multiple for this size and industry | 3.3× |
| Value range | $672K – $1.7M |
| Revenue range | $1.3M – $2.3M |
| EBITDA range | $255K – $441K |
| Industry (NAICS) | Offices of Physicians (except Mental Health Specialists) (621111) |
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
History & advisors
Advisors
- BankingFirstBank SouthwestPPP / 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
| FirstBank Southwest PPP 2020 | All 22 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $56K | 11 |
About Newman Physicians' Group, Inc.
Newman Physicians' Group, Inc. is a doctors & clinics company in Shattuck, Oklahoma. Its estimated annual revenue is about $2.0M, with roughly $387K of EBITDA. It has about 9 employees. Its estimated business value is $1.3M (likely range $672K–$1.7M).
Common questions
- Who owns Newman Physicians' Group, Inc.?
- The owner of Newman Physicians' Group, Inc. 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 Newman Physicians' Group, Inc. make?
- SeeBITDA estimates Newman Physicians' Group, Inc.'s annual revenue at about $2.0M (likely between $1.3M and $2.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Newman Physicians' Group, Inc. worth?
- About $1.3M, roughly 3.3× its estimated EBITDA of $387K, typical for a doctors & clinics company its size. Likely range: $672K–$1.7M.
- How many employees does Newman Physicians' Group, Inc. have?
- About 9, from its 2024 retirement-plan filing.