WALNUT CREEK, Calif. — Meridian, a full-service real estate developer, investor, and owner focused exclusively on healthcare, is proud to announce the appointment of Steven M. Smith as Chief Investment Officer. Smith joins the firm’s executive leadership team at a pivotal time of strategic growth, as Meridian looks to grow its assets.
"We are excited to welcome Steven to Meridian," said CEO Mike Conn. "He brings an incredible track record of creating value across complex portfolios, scaling businesses, and cultivating capital relationships. As we grow our value-add and investment business lines, Steven’s leadership will be instrumental to the success of both our team and our long-term strategy."
In his new role, Smith will lead the continued expansion of Meridian's investment portfolio, with a focus on value-add opportunities and strategic growth initiatives. He will also serve as a mentor to the firm's growing investment team and play a key role in strengthening Meridian's network of capital partners.
"We believe the next wave of growth in our industry will come from unlocking value in underperforming assets, partnering with healthcare systems to execute their strategic growth initiatives, and aligning with capital partners who share our long-term vision," added Conn. "Steven's experience and leadership give us a major advantage as we lean into these strategies."
Smith most recently served as Chief Investment Officer and Chief Acquisitions Officer at a competing healthcare development company. In that role, he led portfolio expansion, oversaw the acquisition and growth of portfolio companies, and established key capital relationships to support growth.
"At my prior firm, I had the opportunity to help scale a $1 billion platform and lead strategic transactions that expanded the firm's reach," said Smith. "Those experiences gave me a deep appreciation for what it takes to grow a disciplined, high-performing investment business, something I'm eager to continue at Meridian."
Over the course of his career, Smith has directed more than $4 billion in investments spanning healthcare, science & technology, senior living, and private equity investments in the alternatives space.
"We've been fortunate to deliver on some transformative projects recently — repositioning older assets and helping our healthcare partners expand in key markets," said Conn. "Our platform has momentum, and Steven's arrival adds leadership capacity to help us capitalize on what's next. We're continuing to actively pursue new build-to-suit, ground-up and adaptive re-use conversion projects for our clients, as well as value-add acquisition opportunities across the Western U.S. Having the right leadership and capital relationships in place is critical to that effort."
"I'm honored to be joining Meridian during this exciting time of growth," said Smith. "The company's reputation for vision and execution is unmatched in the healthcare real estate space. I look forward to building that momentum — expanding the platform, growing our investment business, and helping deliver long-term value for our stakeholders."
"Steven brings a rare combination of investment expertise, leadership, and real-world execution," said Conn. "His experience across capital markets, private equity, and healthcare real estate gives us a strategic edge as we continue to grow and serve our healthcare system partners."
Smith holds dual degrees in Finance and International Business from the Hankamer School of Business at Baylor University in Waco, Texas, where he also serves as an adjunct lecturer. He is actively involved in industry and community organizations, including Urban Land Institute (ULI), International Justice Mission (IJM), and Boy Scouts of America.
About Meridian
Founded in 1999, Northern California-based Meridian is a full-service real estate developer and investor specializing in high-quality, brand-enhancing healthcare real estate developments. Meridian’s services are broad in scope, but meticulous in detail — from site evaluation and land acquisition to entitlement and planning to construction management. Meridian strategically selects markets based on data-driven metrics, including demographics, population growth, and real estate fundamentals. Its history has been built on the delivery of successful projects, including more than three million square feet of development and investments, consisting of more than 200 buildings. Meridian is headquartered in Walnut Creek, California. For more information, visit: www.mpcca.com.
Media Contact
Company Name: Meridian
Contact Person: Anne Monaghan | Monaghan Communications
Email: Send Email
Phone: (925) 302-1400
Address:500 Ygnacio Valley Road, Suite 325
City: Walnut Creek
State: California
Country: United States
Website: https://mpcca.com/
