Management Meeting Prep
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Company Overview
Sector
Healthcare IT Services
Revenue (TTM)
$18.0M
Headquarters
Dallas, TX
Employees
120
Founded
2014
Business Model
SaaS + Managed Services
Founder Background
Sarah Chen founded Meridian Health Services in 2014 after a decade at Epic Systems, where she led implementation teams for large hospital networks across the Midwest. She holds an MBA from Wharton and a BS in Computer Science from UT Austin.
Prior to Epic, she co-founded a healthcare data analytics startup (HealthBridge Analytics) that was acquired by Optum in 2011 for an undisclosed amount. She serves on the board of the Dallas Healthcare Technology Council.
Epic Systems (10 yr)
Wharton MBA
Prior exit to Optum
Key Metrics
$18.0M
Revenue (TTM)
72% recurring
$4.3M
Adj. EBITDA
23.9% margin
22%
YoY Growth
3-yr CAGR: 19%
84
Active Customers
NRR: 112%
Recent News
- Mar 2026 Announced partnership with Texas Health Resources for EHR integration pilot across 12 facilities, expected go-live Q3 2026.
- Jan 2026 Named to Dallas Business Journal's "Fast 50" list for third consecutive year; recognized as fastest-growing healthcare IT company in DFW.
- Nov 2025 Launched Meridian Connect, an AI-powered patient scheduling platform, with 15 early-adopter health systems now in production.
THP Context
Theme Alignment
Healthcare Services
4.2 / 5.0
Strong fit — IT-enabled services sub-theme
Deal Cloud Status
No prior interactions logged
First touch via Houlihan Lokey outreach (Mar 18, 2026)
New relationship
Broker Notes Summary
- Founder seeking a growth partner, not a full exit — strong preference for retaining operational control and 30-40% rollover equity.
- Current infrastructure supports 2x revenue without significant capex; platform architecture was rebuilt in 2023 on AWS with multi-tenant SaaS model.
- Key growth lever is geographic expansion beyond Texas — replicable implementation playbook already documented for 3 new state markets.
- Competitive process expected with LOIs due by mid-April; Houlihan indicates 4-5 other groups have signed NDAs.