Meridian Waste Solutions acquires three companies

Meridian Waste Solutions Inc., a vertically integrated, nonhazardous resource services company headquartered in Atlanta, has acquired three companies:  WelNess LLC; LGMG LLC (doing business as Verifi Resource Group); and Integrity Lab Solutions LLC. These companies specialize in medical hospital laboratory testing and diagnostics operations. 

The acquisition of WelNess, Verifi Resource Group and Integrity Lab Solutions (Verifi) builds upon the healthcare footprint of Meridian Waste’s technology division. Verifi is a hospital lab management company managing and using five rural community facilities with additional facilities expected in the next 12 months. The principal office in Tulsa, Oklahoma, will remain in place, expanding Meridian’s Technology Division geographical footprint westward.

Verifi’s expertise includes building and enhancing hospital labs, procuring medical equipment and streamlining lab operations. The combination of Verifi’s management team and Meridian’s technology division will accelerate the use of technology to enhance the revenue growth for the company in 2018, Meridian says. 

The acquisition comes on the heels of the October 2017 acquisition of DxT Medical LLC, a national healthcare distribution company. Meridian says DxT’s strong sales presence, combined with the operational and technical efficiencies of Verifi, will provide the technology division a unique advantage in the healthcare marketplace. Meridian Waste estimates the company will contract and operate 15 to 25 facilities in its healthcare services division by the end of 2018. The acquisition of Verifi will also provide the company with access to stakeholders that will benefit from the connectivity services of the Bright City’s mobile application. 

“Revenue and earnings growth is our central focus for 2018. Within the management team of the company, we have experts in logistics, volume growth, healthcare and technology. With Verifi we are taking resource management to new levels by diversifying the core business of environmental services to include healthy communities. Meridian is moving beyond household and business doorsteps by developing a model that enhances community assets such as hospitals, healthcare operations and manufacturing, to provide a pathway to sustainability for our local environments, while focusing on job growth in rural America,” Jeffrey S. Cosman, CEO of Meridian, says. “We believe that it is through continuous innovation and technology that we will best be able to enhance and protect our natural environment, improve and grow our company and increase the financial value held by our shareholders.”