UNITED  STATES
                       SECURITIES  AND  EXCHANGE  COMMISSION

                           WASHINGTON,  D.  C.  20549

                              FORM  10-QSB

(  X )    QUARTERLY  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
          EXCHANGE  ACT  OF  1934

               For  the  Quarterly  Period  Ended          June  30,  2003

(   )     TRANSITION  REPORT  PURSUANT  TO SECTION 13 OR 15(d) OF THE SECURITIES
          EXCHANGE  ACT  OF  1934

               For  the  Transition  Period  From  ___________  to  ____________


                        COMMISSION  FILE  NUMBER:   0-30018


                              MERIDIAN  HOLDINGS,INC.
                              ----------------------
             (Exact  Name  of  Registrant  as  Specified  in  its  Charter)

              COLORADO                                   52-2133742
    -------------------------------               ------------------------
    (State  of  Other  Jurisdiction  of                  (I.R.S.  Employer
    Incorporation  or  Organization)               Identification  Number)

        900  WILSHIRE  BOULEVARD,  SUITE  500,  LOS  ANGELES,  CALIFORNIA  90017
        ----------------------------------------------------------------
                    (Address  of  Principal  Executive  Offices)

                                 (213)  627-8878
        ----------------------------------------------------------------
              (Registrant's  telephone  number,  including  area  code)

                                       N/A
        ----------------------------------------------------------------
    (Former  name,  former address and formal fiscal year, if changed since last
                                     report)


Indicate  by  check  mark  whether  the  Registrant  (1)  has  filed all reports
required  to  be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934  during  the  preceding  12 months and, (2) has been subject to such filing
requirements  for  the  past  90  days.     Yes  (  X  )   No   (    )

As  of  June  30,  2003,  Meridian  Holdings, Inc.,  Registrant  had  9,370,649
shares  of  its  $0.001  par  value  common  stock  outstanding.














                                       Page  1 of 14 sequentially numbered pages
                                                                       Form 10-Q
                                                             Second Quarter 2003
                            MERIDIAN  HOLDINGS,  INC.

                                      INDEX
<TABLE>
<CAPTION>

                                                                               PAGE
                                                                               ----
<S>                                                                          <C>
PART  I.  FINANCIAL INFORMATION

     Item 1.  Financial Statements

          Condensed Consolidated Balance Sheets                                    3

          Condensed Consolidated Statements of Operations                          4

          Condensed Consolidated Statements of Cash Flows                          5

          Notes to Condensed Consolidated Financial Statements                   6-7

     Item 2.  Management's Discussion and Analysis of Financial Condition
          and Results of Operations                                                8

PART II   OTHER INFORMATION

     Item 1.  Legal Proceedings                                                   13

     Item 6.  Exhibits and Reports on Form 8-K                                    14

          Signature                                                               14
</TABLE>





































                                       2
<PAGE>
                              MERIDIAN  HOLDINGS,  INC.
                       Condensed Consolidated Balance Sheets
                                   (Unaudited)

<TABLE>
<CAPTION>
ASSETS
                                                  As of June 30,      December
                                                    2003              2002
                                                   ==========         ==========
<S>                                                 <C>             <C>
Current assets
Cash and cash equivalents                           $ 4,891         $    23,040
    Restricted cash                                 330,133              400,993
Accounts receivable, net of allowance for
doubtful accounts of $179,812 and  $179,812       1,263,444            1,155,971
Other current assets                                 81,425                8,302
                                                 ------------      --------------
                  Total current assets            1,679,893            1,588,306
Fixed assets, net of accumulated depreciation        40,926               45,693

Intellectual property, net of accumulated
$0, depreciation  as at June 30, 2002 (Note2)          -                 315,002

Investments                                       3,448,565            3,911,211
                                                 -----------          -----------
 Total assets                                   $ 5,169,384          $ 5,860,212
                                                  ==========          ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable                                  $ 252,310             $ 282,726
Accrued payroll and other                            86,809               391,697

Reserve for incurred but not reported claims        216,553               265,958
Accrued interest                                       -                      -
Line of credit                                       80,908                43,885
Current portion of long-term debt                       -                  96,375
                                                  ------------         ----------
    Total current liabilities                       636,580             1,080,641

Long Term liabilities
    Loan from majority stockholder/officer               -                   -
    Long-term debt, net of current portion           41,737               335,530
                                                   ---------            -----------
    Total liabilities                               678,317             1,416,171
                                                   =========            ==========
Commitments and contingencies

Stockholders' equity
Preferred stock (20,000,000 shares authorized,
par value $0.001; no shares issued and outstanding)              -             -
Common stock (100,000,000 shares authorized, par value
$0.001; 9,345,649 shares issued and outstanding at
June 30, 2001 and 9,370,648 as at June 30, 2002       9,370                 9,370
Additional paid-in capital                        5,031,475             5,031,760
Accumulated deficit                                (549,778)             (597,089)
                                                -------------           -------------
    Total stockholders' equity                    4,491,067             4,444,041
                                                -----------             -----------
    Total liabilities and stockholders' equity  $ 5,169,384          $  5,860,212
                                                ============            ============
</TABLE>



See accompanying notes to  Condensed consolidated financial statements



                                       3
<PAGE>
                        MERIDIAN  HOLDINGS,  INC.
             Condensed Consolidated Statements of Operations
                                (UNAUDITED)
<TABLE>
<CAPTION>
                        Three Months Ended June 30,       Six Months Ended June 30,
                            2003              2002              2003          2002
                            =====             ====              ====          ====
<S>                      <C>             <C>            <C>           <C>
Revenues
 Capitation               $ 458,342       $ 421,847            955,033        831,313
 Risk Pool                   (1,433)        107,854            387,359        300,772
 Fee For Service                624           7,749              1,102         16,197
 Sale of software                                -                 -              -
                           ---------     -----------         ----------     ----------
                            457,533         537,450          1,343,494      1,148,282
Cost of revenues
 Capitation                (202,533)       (136,685)          (497,140)      (284,729)
                           ---------        -------           -------        ---------
 Gross margin               255,000         400,765            846,354        863,553
                           ---------        -------           -------        -----------
Operating expenses

 General and administrative 159,118         445,257            734,116        855,695
 Research and development         -               -                 -               -
                             -------        -------          ----------       -------
Income/(loss) from
Operations                   95,882         (44,492)           112,238          7,858
                             --------       -------          ----------       -------
Other income and expense
 Equity interest in earnings
 (loss) of investment            -          116,412               -           111,656
Other net                   (26,297)        (13,928)           (64,926)       (23,326)
                            --------        ---------         ----------       --------
                            (26,297)        102,484            (64,926)        88,330
                            --------        ---------         ----------       --------
Net income/(loss)            69,585          57,992             47,311         96,188
                           ===========   ===========         ===========      ==========

    Basic and diluted      $     0.01       $  0.01            $  0.01         $  0.01

    Weighted average
    shares outstanding   9,383,149        9,383,149           9,383,149       9,383,149

</TABLE>























See accompanying notes to Condensed consolidated financial statements
                                       4
<PAGE>
                       MERIDIAN  HOLDINGS,  INC.
            Condensed Consolidated Statements of Cash Flows
                              (UNAUDITED)

<TABLE>
<CAPTION>
                                                     Six Months Ended June 30,
                                                         2003            2002
                                                         =====          ======
<S>                                                  <C>           <C>
Cash flows from operating activities
  Net income                                            $ 47,311        96,189
  Adjustments to reconcile net Lossincome to net
  cash used in operating activities:
  Loss on abandonment of software                                           -
  Gain on forgiveness of debt                                               -
  Depreciation and amortization                            7,292         5,412
  Equity interest in earnings of investments                                 -
  (Increase) decrease in:
         Restricted cash                                  70,860         38,445
         Accounts receivable                            (160,506)       348,769
         Other current assets                            163,715       (354,355)
         Accounts payable                                 98,328          4,267
         Accrued payroll and other                      (836,467)        13,530
         Incurred but not reported reserve                    -           6,137
         Accrued interest                                     -          14,877
                                                         ---------    ---------
Net cash used in operating activities                   (609,468)       173,270



Cash flow from investing activities
   Acquisition of fixed assets                            (2,524)        (4,560)
   Investment in InterCare                               278,841       (111,411)
   Disposition Of fixed assets                           315,002            -
                                                       ----------     ---------
Net cash used in investing activities                    591,319       (115,971)
                                                       ----------     ---------
Cash flow from financing activities
   Borrowings from majority stockholder/officer               -         (11,262)
   Borrowings on long-term debt                               -               -
   Repayment of debt                                                     (2,046)
   Borrowings on line of credit
                                                         --------      ---------
Net cash (used in) provided by financing activities          -          (13,308)
                                                         ---------     ---------
   (Decrease) increase in cash and cash equivalents      (18,149)        43,991

Cash and cash equivalents, beginning of period            23,040          7,219
                                                         ----------     ----------
Cash and cash equivalents, end of period                $  4,891         51,210
                                                         ==========     ==========

Supplemental Disclosure of non-cash investing and financing activities

</TABLE>












See accompanying notes to Condensed consolidated financial statements
                                       5
<PAGE>
                            MERIDIAN  HOLDINGS,  INC.

                   Notes  to Condensed Consolidated  Financial  Statements
1.     General

Basis  of  Reporting

The  interim  accompanying unaudited condensed consolidated financial statements
have   been   prepared   in   accordance   with  generally  accepted  accounting
principles   ("GAAP")   for   interim   financial   information   and  with  the
instructions  to  Form  10-QSB.  Accordingly,  they  do  not  include all of the
information and footnotes required by  GAAP  for  complete financial statements.
In  the opinion of management, all adjustments  (consisting of normal, recurring
accruals)  considered  necessary for a  fair  presentation  have  been included.
For  further  information,  management  suggests  that  the  reader refer to the
audited  financial  statements  for the year ended December 31, 2002 included in
its  Annual  Report  on   Form  10-KSB.  Operating  results  for  the  six-month
period  ended  June  30,  2003  are not necessarily indicative of the results of
operations  that  may  be  expected  for  the  year  ending December  31,  2003.

Nature  of  Operations

Meridian  Holdings,  Inc. (the "Company") was incorporated under the laws of the
State  of  Colorado  on October 13, 1998.  The Company is located in the City of
Los  Angeles, California, U.S.A. and contracts with physicians to provide health
care  services  primarily  within  the  area  of  Los  Angeles  County.

The  Company  is  an  acquisition-oriented  holding company focused on building,
operating, and managing a portfolio of business-to-business companies.  It seeks
to acquire majority or controlling interests in companies engaged in e-commerce,
e-communication,  and  e-business services, which will allow the holding company
to  actively participate in management, operations, and finances.  The Company's
network  of  affiliated  companies  is designed to encourage maximum leverage of
information   technology,   operational   excellence,  industry  expertise,  and
synergistic  business  opportunities.

The Company also provides medical  services management to its' Capnet IPA health
care  provider  network.  We  provide  the  following  services:

     - disease management -- a method to manage  the costs and care of high risk
       patients and produce better patient care

     - quality management -- a  review  of overall patient care measured against
       best medical practice patterns

     - utilization management -- a  daily  review of statistical data created by
       encounters, referrals, hospital,  admissions and nursing home information

     - claims adjudication and payment

Cash And Cash Equivalents

The Company considers all highly liquid investments with original maturities of
three months or less to be cash equivalents ( e.g. restricted cash).  From time
to time, the Company  maintains cash balances  with financial  institutions  in
excess of federally insured limits.

Use of Estimates

The  preparation  of  financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect  the  reported  amounts  of  assets  and  liabilities  and  disclosure of
contingent  assets  and  liabilities at the date of the financial statements and
the  reported  amounts  of  revenues  and  expenses during the reporting period.
Actual  results  could  differ  from  those  estimates.

Fiscal Year

The Company operates on a December 31  year end.
                                       6
<PAGE>
Revenue Recognition

The Company  prepares  its  financial statements and federal income taxes on the
accrual basis of  accounting. The  Company  recognizes  capitation  revenue on a
monthly basis from managed care plans  that  contract with the  Company  for the
delivery   of  health  care  services.  This  capitation   revenue   is  at  the
contractually   agreed-upon per-member, per-month  rates.

Costs of Revenues

The  Company  recognizes costs of revenues paid to physicians on a monthly basis
who  contract  with the Company for the delivery of health care services.  These
costs  are   at   the  contractually  agreed-upon  per-member,  per-month  rates
or at the California Medi-cal fee for service rates.

Fair  Value  of  Financial  Instruments  and  Concentration  of  Credit  Risk

The  carrying  amounts  of  cash,  receivables,  accounts  payables  and accrued
liabilities  approximate  fair  value  because  of  the  immediate or short-term
maturity  of  these  financial  statements.

Equity Method

Investments  in  certain  companies  whereby the Company owns 20 percent or more
interest  are carried at cost, adjusted for the Company's proportionate share of
their  undistributed   earnings   or   losses,  because  the  Company  exercises
significant  influence  over  their  operating  and  financial activities.  Such
investee  entities  include  InterCare-dx,  Inc.  ("InterCare")  and  CGI
Communications  Services,  Inc.  ("CGI").

2.    Investments

                                    InterCare

On  September  18,  1999, the Company acquired 51% of all the outstanding Common
Stock  of  InterCare in exchange for services and assumption of certain debts of
InterCare. During  fiscal  year  2000,  additional  stock  issued  by  InterCare
combined  with  a  dividend  distribution  by  the  Company  of  InterCare stock
resulted in a net decrease in the Company's ownership percentage to 32% as at
December 31, 2000.  A dividend of approximately $160,800 was recorded reflecting
the  relative  net  book value of the Company's investment in InterCare that was
distributed to Meridian Holdings, Inc., shareholders as at that time.

On  April  10,  2003,  the  board  of  directors  of the registrant approved the
transfer of certain assets of the registrant  to Meridian Medical Group, P.C, an
affiliated entity, valued at $675,022, in  exchange for forgiveness of  $714,833
debt owed by the registrant. As a result of the above incident, the registrant
completely divested itself from InterCare DX, Inc.


                                       CGI

On December 10, 1999, the Company agreed to acquire a 20% equity interest in CGI
for  common  stock.  On December 20, 1999, the board of directors authorized the
issuance  of  4,000,000  pre-split (adjusted to 12,000,000 post-split) shares of
common  stock  in consideration for the 20% of the interest in CGI.  At the date
of  the  transaction,  the  Company's  shares opened at a price of $3 per share.
Between  September  1,  1999  and the acquisition date, the Company's stock sold
within  a  range  of  $.25  to  $3.25  per share (an average of $.97 per share).
Because of the limited trading history of the Company, the six-month average was
deemed  to  be  a  fair  valuation  of  the  transaction,  resulting  in a total
investment  balance  of  $3,880,000  as  of  December  31,  2000  and 1999.  The
shareholders  of  CGI  were  also  issued  warrants  to  purchase  an additional
1,000,000 pre-split (adjusted to 3,000,000 post-split) shares of common stock at
$2  pre-split  share  (or  approximately  $0.67  on  a  post-split basis) over a
five-year  period  as  a hedge against any fluctuation of the share price of the
common  stock  in  the immediate future.  These warrants will expire on December
30,  2004,  and  none  have  been  exercised  as  of  June,  2003.

                                       7
<PAGE>
3.     Fixed  Assets

Fixed assets consist of the following:
<TABLE>
<CAPTION>
                                            As of
                                           June 30, 2003   December 31,2002
<S>                                      <C>                    <C>
Computer equipment                          $ 91,666             $  78,129
Leasehold improvements                         6,500                 6,500
Office furniture, fixtures and equipment      61,915                72,928
Software                                      25,803                25,803
Medical equipment                              6,654                 6,654
                                             --------              -------
                                             192,538               190,014
Less accumulated depreciation               (151,612)             (144,321)
                                            ---------             --------
                                            $ 40,926              $ 45,693
                                            =========            ==========
</TABLE>
4.     Line  of  Credit

The  Company has a $50,000 line of credit with a financial institution.  Related
advances  bear  interest  at  11%, and interest is payable monthly.  The line of
credit  expires  March  21,  2004.

5.     Long-term  Debt

The  Company  has  various loans with financial institutions with interest rates
ranging  from  4%  to  15%  and  maturity  dates  ranging  from  2015  to  2024.

6.     Risk  Pool  Agreement

The  Company  is a party  to a  Risk Pool Agreement (the "Agreement") with Tenet
HealthSystem  Hospitals,  Inc. ("Tenet").  Pursuant to the Agreement, 50% of the
monthly  capitation  revenue  is  received  directly  by  the  Company,  and the
remaining  50%  is  deposited  into  an escrow account from which Cap-Management
Systems,  Inc.,  a  subsidiary  of Tenet pays all claims  expenses,  reinsurance
expenses,  make  allowance  for  IBNR  reserve,  and  retains  a management fee.
The  Company  is  responsible  for 50% of  Profit (loss) after all institutional
claims  reinsurance  and management fees are paid, and Incurred But Not Reported
("IBNR")  reserve  have  been  accounted  for.

These revenues and expenses have been reflected in the accompanying Consolidated
statements of operations for the quarters ended June 30, 2003 and 2002.

The  Company has also reflected the monies in the escrow account as of June 30,
2003  and  June 30,  2002  as  restricted cash in the accompanying consolidated
balance sheets. Additionally, Cap-Management Systems, Inc., provides the Company
with an estimate as to the  incurred  but  not  reported reserve, which has been
recorded as such in the accompanying  consolidated  balance  sheets.

During the last quarter filing, the  registrant  disclosed  that it was informed
that Tenet   HealthSystems   Hospitals,  Inc., has not been  able to  renew  the
hospital agreement with the County of Los Angeles Community Health Plan,  due to
a contract dispute.  The agreement terminated  as  of  November  30,  2002,  and
the  parties  remain  in  renewal discussions.

On August 4, 2003,  the  registrant  was  informed  that the Tenet HealthSystems
Hospitals contract with the County of Los  Angeles Community  Health  Plan, will
be renewed for another successive contract period.

Related party Transaction

On  April  10,  2003,  the  board  of  directors  of the registrant approved the
transfer of certain assets of the registrant  to Meridian Medical Group, P.C, an
affiliated entity, valued at $675,022, in  exchange for forgiveness of  $714,833
debt owed by the registrant.

                                       8
<PAGE>
                            MERIDIAN  HOLDINGS,  INC.


THE  COMPANY

Meridian  Holdings,  Inc. (the "Company") was incorporated under the laws of the
State  of  Colorado  on October 13, 1998.  The Company is located in the City of
Los  Angeles, California, U.S.A. and contracts with physicians to provide health
care  services  primarily  within  the  greater of  Los  Angeles  County.

The  Company  became  fully  reporting  under  Securities  & Exchange Commission
guidelines  on  March  31,  1999. The Company's common stock started trading  on
the OTCBB on August 26, 1999. The Company  is  an  acquisition-oriented  holding
company  focused  on  building,  operating  and managing a portfolio of business
-to-business  companies. It seeks  to  acquire majority or controlling interests
in companies engaged  in e-commerce, e-communication,  and  e-business services,
which  will  allow  the  holding  company to actively participate in management,
operations,  and  finances.  The  Company's network  of  affiliated companies is
designed  to  encourage maximum leverage of information  technology, operational
excellence,  industry  expertise,  and  synergistic  business opportunity.

The Company also provides medical  services management to its' Capnet IPA health
care  provider  network.  We  provide  the  following  services:

     - disease management -- a method to manage  the costs and care of high risk
       patients and produce better patient care

     - quality management -- a  review  of overall patient care measured against
       best medical practice patterns

     - utilization management -- a  daily  review of statistical data created by
       encounters, referrals, hospital,  admissions and nursing home information

     - claims adjudication and payment

     Under  our  model,  the primary care physicians maintain their independence
but are aligned with a professional staff to assist in providing cost  effective
medicine.  Each  primary  care  physician  provides direct patient services as a
primary  care doctor including referrals to specialists, hospital admissions and
referrals  to  diagnostic  services.  These  physicians are compensated on a per
member per month  capitation basis.

We believe our expertise allows us to provide a service and manage the risk that
health insurance  companies  cannot  provide on an efficient and economic level.
Health  insurance  companies  are  typically  structured  as  marketing entities
to  sell  their  products  on  a broad scale. Due to mounting pressures from the
industry,  managed  care organizations have altered their strategy, returning to
the  traditional  model  of  selling  insurance  and  transferring the risk to a
provider  service  network  such  as us.  Under such arrangements,  managed care
organizations  receive  premiums  from  the  Center  for  Medicare  and Medicaid
Services,  State  Medicaid  programs  and  other  commercial  groups  and pass a
significant percentage of the premium on to a third party such as us, to provide
covered  benefits  to  patients, including sometimes pharmacy and other enhanced
services.  After  all medical expenses are paid, any surplus  or deficit remains
with  the  provider service  network. When managed properly, accepting this risk
can create significant surpluses.

SELECTED  FINANCIAL  DATA

The  Company  had  net  working  capital of  $1,043,313 as   at   June  30, 2003
compared  to  $ 507,665  at December  31,  2002.  This represents an increase in
working  capital  of  106%.  This  increase  in working capital is attributed to
decrease  in amounts owed to the majority shareholder who forgave debts owed to
him by the Company, in exchange for transfer of  certain  assets of the company,
as  was approved by the board of directors of the registrant.

The  selected  financial data set forth above should be read in conjunction with
"Management's  Discussion  and  Analysis  of  Financial Condition and Results of
Operations"  and  the  consolidated  financial  statements  and  notes  thereto.
                                       9
<PAGE>
MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION AND RESULTS OF
OPERATIONS:

The following section contains forward-looking statements that involve risks and
uncertainties,  including  those  referring  to the period of time the Company's
existing  capital  resources  will  meet the Company's future capital needs, the
Company's future operating results, the market acceptance of the services of the
Company, the  Company's  efforts  to  develop new products and services, and the
Company's  planned  investment  in  the  marketing  of  its current services and
research  and  development   with  regard  to  future endeavors.  The  Company's
actual   results  could  differ  materially  from  those  anticipated  in  these
forward-looking  statements  as a result of certain factors, including: domestic
and  global  economic  patterns  and  trends.

LIQUIDITY  AND  CAPITAL  RESOURCES  OF  THE  COMPANY.

We  believe that we will be able to fund our capital commitments, operating cash
requirements  and  satisfy our obligations as they become due from a combination
of  cash  on hand, expected operating cash flow improvements through HMO premium
increases  and  improvements in the benefit structure of HMO contracts.

However,  there  can  be  no  assurances  that  these  sources  of funds will be
sufficient  to  fund  our  operations and satisfy our obligations as they become
due.

Long-term   cash   requirements,  other  than  normal  operating  expenses,  are
anticipated  for the continued development of the Company's business plans.  The
Company  will need to raise additional funds from investors in order to complete
these  business plans.

If  we   need   additional   capital  to  fund  our  operations,  there  can  be
no  assurance that such additional capital can be obtained or, if obtained, that
it  will be on terms acceptable to us. The incurring or assumption of additional
indebtedness could result in the issuance of additional equity and/or debt which
could have a dilutive effect on current shareholders and a significant effect on
our  operations.

RESULTS  OF  OPERATIONS

THE  FINANCIAL  RESULTS  DISCUSSED  BELOW  RELATE  TO  THE OPERATION OF MERIDIAN
HOLDINGS  FOR  THE  THREE  MONTHS  ENDED  AND  SIX MONTHS ENDED JUNE 30, 2003 AS
COMPARED  TO  THE  THREE  MONTHS  ENDED  AND  SIX  MONTHS  ENDED  JUNE 30, 2002.

REVENUE

Medical  services  revenues  increased  by   9%  from  $ 421,847  for the  three
months   ended   June   30,  2002  to  $458,342   for  the  three  months  ended
June  30,  2003, and by  15%  from  $ 831,313 for the six months ended June  30,
2002  to  $955,033 for   the six  months ended June 30, 2003.

We  provided  managed  care  services for approximately 30,000 and 25,000 member
months  (members  per  month  multiplied  by  the months for which services were
available)  during  the  six  months ended June 30, 2003 and 2002, respectively.

This  figure  is comparative for both the three months and six months ended June
30,  2003  and  2002  respectively.

Revenue  generated  by  our  managed  care  entities  under  our  contracts with
HMOs  as a percentage of medical services revenue was approximately 99% and 96%,
respectively,  during  the  six  months  ended  June  30, 2002 and 2001. Revenue
generated  by the Los Angeles County Community Health Plan ("CHP") contracts was
99% and 99.9% of medical services revenue for the six months ended June 30, 2003
and  2002,  respectively.  Revenue  generated  by  LACARE Health Plan ("LACARE")
contract  was  1%  and  less  than  1%  of  medical services revenue for the six
months  ended June  30,  2003 and 2002,  respectively. For the three month ended
June  30,  2003,  revenue  from  LA  CARE Health Plan was 2% of medical services
revenue as  opposed to less than 1% for the comparable period, June 2002


                                       10
<PAGE>
EXPENSES
Medical  claims  paid,  which  includes  capitation  payments  to our contracted
primary  care  IPA  physicians  and  medical  claims  paid  revenue after giving
account  to  IBNR  reserves,  for the three month period ended June 30,2003 were
$ 94,417 or  21%  of  medical services  revenue, compared to $ 136,685 or 25% of
medical services revenue for the three month period ended June 30, 2002. Medical
services  expenses,  for  the  six  month  period   ended   June   30,2003  were
$351,249 or 26%  of  medical  services  revenue,  compared to $284,729 or 25% of
medical  services  revenue  for  the six month period ended June 30,  2002.  The
decrease for the three month ended June 30, 2003 is  due to decrease  in  volume
of claims  paid  to  contracted  providers  for  services  rendered. Conversely,
the increase for the six months ended June 30,  2003  is to due the high volumes
of claims paid during the first quarter of 2003.

Medical  claims  represent  the  costs of medical services provided by providers
other  than  our  contracted  primary  care  providers, but which are to be paid
by  us  for  individuals  covered by our capitated risk contracts with HMOs. Our
claim  loss  ratio  varies  from  quarter  to  quarter  due  to  fluctuations in
utilization,  the  timing  of  claims paid by the HMOs on our behalf, as well as
increases  in  medical  costs  without  counterbalancing increases in capitation
revenues.

For the three months ended June 30, 2003 and 2002, payroll and employee benefits
for administrative personnel was $121,227, or 26% of total revenues, compared to
$121,554  or  23%  of  revenue, respectively.  Payroll and employee benefits for
administrative personnel was $238,617 for the six months ended June 30, 2003, or
18% of total revenues, compared to $275,766 or 24% of revenue for the six months
ended June 30, 2002. The  decrease  in  employee  payroll  expenses  for the six
month  was  due  to  reduction  in  the  support  staff  as  well  as other cost
containment  measures implemented by the registrant.

The  company  had  embarked  on  an aggressive cost containment measures such as
closing  of  the  Israeli operation and laying-off of some personnel in order to
reduce  its  operating  expense.

Management  anticipates  that  general  operating  expenses will increase, as it
pursues,  vigorously,  its  acquisition  of  new  business opportunities and the
integration  of  the  existing  ones.

INCOME/LOSS FROM OPERATIONS

The  registrant recorded a net income from operations for the three months ended
June 30,  2003  of  $95,882,  or  21%  of  total revenues, compared to a loss of
$44,492, or  8%  of total revenues, for  the three  months  ended June 30, 2002.
During the six  months  ended June 30, 2003, the registrant  recorded  an income
from operations  of $112,238, or 8.3% of total revenues compared to a net income
from  operations  of $7,858 or 0.7% of  total  revenues for the six months ended
June 30, 2002. The  increase  in  net  income  from  operations  is  due to  the
decrease  in other operating expenses, as a result of a cost reduction measures.

NET INCOME (LOSS)

The  net  income  for the three months ended June 30, 2003 and 2002 was $69,585
and  $57,992 respectively.  The net  income  for six months ended June 30, 2003
and  2002  was $47,311  and  $96,188  respectively.  The increase in net income
for the three month ended June 30, 2003 is due  to  the reduction in some other
expenses, compared to decrease in net income for the six months  ended June 30,
2003 as a result of the decrease in equity investment income.

CERTAIN FACTORS AFFECTING FUTURE OPERATING RESULTS

This  Form   10-QSB  contains  certain  forward-looking  statements  within  the
meaning  of  Section  27A  of  the Securities Act of 1933 and Section 21E of the
Securities  Exchange  Act  of  1934.  When  used  in  this  Form 10-Q, the words
"believe,"  "anticipate,"  "think,"  "intend,"  "plan,"  "will  be," and similar
expressions, identify such forward-looking statements. Such statements regarding
future events and/or the future financial performance of our Company are subject
to  certain  risks  and  uncertainties,  which  could cause actual events or our
actual  future  results to differ materially from any forward-looking statement.
                                       11
<PAGE>
Certain  factors  that  might  cause such a difference are set forth in our Form
10-K  for  the  period  ended  December  31,  2002, including the following: our
success  or  failure  in  implementing  our  current  business  and  operational
strategies; the availability,  terms  and  access to capital and customary trade
credit;  general  economic  and business conditions; competition; changes in our
business strategy; availability, location and terms of new business development;
availability and terms of necessary or desirable financing or refinancing; labor
relations; the outcome  of  pending or  yet-to-be  instituted legal proceedings;
and labor and employee  benefit  costs.

Medical claims payable include estimates  of  medical  claims  expenses incurred
by our members but not yet reported to us. These estimates are based on a number
of  factors,  including  our  prior  claims  experience  and  pre-authorizations
of treatment. Adjustments, if necessary, are made to medical claims expenses  in
the period the actual claims costs are ultimately determined. We  cannot  assure
that  actual  medical  claims  costs  in  future  periods  will  not  exceed our
estimates. If  these  costs  exceed  our  estimates, our profitability in future
periods  will  be  adversely  affected.

Pursuant   to   the   Medicaid   program,  the  federal  government  supplements
funds  provided  by  the  various states for medical assistance to the medically
indigent.  Payment  for such medical and health services is made to providers in
an  amount determined in accordance with procedures and standards established by
state  law  under  federal  guidelines.  Significant  changes  have been and may
continue  to  be made in the Medicaid program which could have an adverse effect
on  our  financial  condition,  results  of  operations  and  cash  flows.

During certain fiscal years,  the  amounts  appropriated  by  state legislatures
for payment of Medicaid claims have not been  sufficient to reimburse  providers
for  services  rendered to Medicaid patients. Failure of a state to pay Medicaid
claims on a timely basis may have an adverse  effect on our cash  flow,  results
of  operations  and  financial  condition.

PLAN  OF  OPERATIONS

On  April  10,  2003,  the  board  of  directors  of the registrant approved the
transfer of certain assets of the registrant  to Meridian Medical Group, P.C, an
affiliated entity, valued at $675,022, in  exchange for forgiveness of  $714,833
debt owed by the registrant.

During the last quarter filing, the  registrant  disclosed  that it was informed
that Tenet   HealthSystems   Hospitals,  Inc., has not been  able to  renew  the
hospital agreement with the County of Los Angeles Community Health Plan,  due to
a contract dispute.  The agreement terminated  as  of  November  30,  2002,  and
the  parties  remain  in  renewal discussions. If this  contract is not renewed,
the registrant will incur a significant  loss of revenue since 50% of these fees
are reflected as income in the registrants' financial statements.

On August 4, 2003,  the  registrant  was  informed that  the Tenet HealthSystems
Hospitals contract with the County of Los Angeles Community Health Plan, will be
renewed for another successive contract period.

The company has negotiated  on  behalf  of   Capnet  IPA  physician   network  a
capitated risk contract with one of the federally  qualified HMO located in  Los
Angeles  County,  operating  within  Southern  California. This contract will be
effective September 1, 2003. The  registrant  believes that  this  new  contract
will increase it's revenue significantly.

PART  II     -  OTHER  INFORMATION

Item 3: LEGAL  PROCEEDINGS
On May 6,  2003, the  registrant  was served with a summons for a lawsuit filed
in the District  Court of  Jerusalem, Case No A3359/01(BSA 1646/03) titled "Dr.
Danny  Basel vs Corsys Group  LTD;   Meridian  Holdings,  Inc., and Anthony  C.
Dike."  The   plaintiff  is   seeking  amongst   other  things: enforcement  of
contract,  compensation,  negligent  misrepresentation,  cause  in   breach  of
contract and equitable relief.The registrant has been advised that Dr. Basel's
employment  was terminated for  cause by  Corsys Group LTD, due to  intentional
interference  with  contract  and  other  economic relationship;  and negligent
                                       13
<PAGE>
interference with  economic relationship; breach  of  fiduciary  duty and other
complicity  in the Sirius/MedMaster  matter  as disclosed  above, as well as an
act of sabotage against the registrant, which  resulted  in significant loss of
income and future business opportunities. The registrant has filed a responsive
pleading,  believes  that  the  allegations  against  it are without merit, and
intends to defend itself vigorously.  The case is now in the discovery phase.

On June 5, 2003, the registrant filed a petition and a  supporting declaration
of Moses O. Onyejekwe, Esq., with the Superior Court of the State of California
for the County of Los Angeles, case number BS083660, styled "Meridian Holdings,
Inc.(Petitioner) vs. Dale Church, and DOES 1  through 50, inclusive" requesting
that the Court grant an order permitting  the  registrant  to  file a complaint
against the named  defendant to  alleged Attorney-Client  Conspiracy. As of the
date of this Quarterly Report, the registrant has  not  received a hearing date
from the Court.

On July 8, 2003,  the registrant filed a  petition for review with the State of
California  Supreme  Court,  case  number  S117457, styled "Sirius Computerized
Technologies,  LTD  (Petitioner)  vs  Superior Court of the State of California
For  the  County   of  Los  Angeles   (Respondent),  Meridian   Holdings,  Inc.
(Real Party in Interest), "  after a decision by the Court of Appeal, Appellate
District,  Division  Seven  Case  No. B166285,  which  overturned  the  earlier
decision  of  the  Superior  Court  of  California with respect to the issue of
jurisdiction, as  disclosed in the last quarter filing with SEC. The registrant
is  requesting  that  the  California  Supreme  Court  grant  the  registrant's
request  for  review  on  the  basis that there is a need for the law to impose
harsh punishments on parties who are guilty of fraud in connection  with  their
contractual dealings and yet expect  to benefit from their choice of forum. The
case is still pending.

From time  to time, we may be engaged in litigation in the ordinary  course  of
our  business or in respect of which we are insured or the cumulative effect of
which litigation our management does not believe  may reasonably be expected to
be materially adverse.  With  respect  to  existing  claims  or litigation, our
management does not believe that they will have a  material  adverse  effect on
our   consolidated  financial  condition,  results  of  operations,  or  future
cash flows.

Item 6.  Exhibits and Reports on Form 8-K
  31.1  Certification pursuant to Section 302 of The Sarbanes-Oxley Act of 2002
        of Anthony C. Dike
  31.2  Certification pursuant to Section 302 of The Sarbanes-Oxley Act of 2002
        of Foday Sorsor Conteh
  32.1  Certification pursuant to Section 906 of The Sarbanes-Oxley Act of 2002
        of Anthony C. Dike and Foday  Sorsor Conteh


                                   SIGNATURE

Pursuant  to  the  requirements  of Section 12 of the Securities Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the  undersigned  thereunto  duly  authorized.



Date:  August 13,  2003             By:  /s/  Anthony  C.  Dike
                              ____________________________________Signature
                                        Anthony  C.  Dike
                                    Chief  Executive  officer










                                       14
<PAGE>
Exhibit	          Description of Document
Number

  31.1  Certification pursuant to Section 302 of The Sarbanes-Oxley Act of 2002
        of Anthony C. Dike
  31.2  Certification pursuant to Section 302 of The Sarbanes-Oxley Act of 2002
        of Foday Sorsor Conteh
  32.1  Certification pursuant to Section 906 of The Sarbanes-Oxley Act of 2002
        of Anthony C. Dike and Foday  Sorsor Conteh




























































                                       15
<PAGE>
                                    EXHIBIT 31.1

                                CERTIFICATION  PURSUANT  TO SECTION 302
                                 OF  THE  SARBANES-OXLEY  ACT  OF  2002


I, Anthony C. Dike, certify that:

1. I have reviewed this quarterly report  on  Form  10-QSB of Meridian Holdings,
Inc.;

2. Based  on  my  knowledge,  this quarterly report  does not contain any untrue
statement of a  material fact or omit  to  state  a material fact  necessary  to
make  the  statements  made,  in  light of  the  circumstances  under which such
statements were made, not  misleading with respect to the period covered by this
quarterly report;

3. Based   on   my  knowledge,  the  financial  statements,  and other financial
information  included  in  this quarterly report, fairly present in all material
respects  the  financial condition,  results of operations and cash flows of the
registrant  as of, and for, the periods presented in this quarterly report;

4. The  registrant's  other  certifying  officers  and  I  are  responsible  for
establishing and maintaining disclosure controls and procedures (as  defined  in
Exchange  Act  Rules  13a-15(e)  and 15d-15(e)) for the registrant and we have:

  a) designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be  designed  under our  supervision,  to  ensure  to
ensure that  material  information  relating  to  the  registrant, including its
consolidated  subsidiaries,  is   made  known  to  us  by  others  within  those
entities, particularly during the period in which this quarterly report is being
prepared;

   b) evaluated the effectiveness  of the  registrant's disclosure controls  and
procedures  and  presented  in  this  quarterly report our conclusions about the
effectiveness  of  the  disclosure controls and procedures, as of the end of the
period covered by this quarterly report based on such evaluation; and

   c) disclosed in this quarterly report any change in the registrant's internal
control  over  financial  reporting  that  occurred during the registrant's most
recent fiscal quarter (the registrant's fourth fiscal quarter in the  case of an
annual report)  that  has  materially  affected,  or  is  reasonably  likely  to
materially  affect,  the registrant's internal control over financial reporting;

5. The registrant's other certifying officers and I have disclosed, based on our
most  recent  evaluation  of  internal  control over financial reporting, to the
registrant's  auditors  and  the  audit  committee  of   registrant's  board  of
directors  (or  persons  performing  the equivalent functions):

   a) all  significant  deficiencies  in  the  design  or  operation of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  information; and

   b) any  fraud,  whether   or  not   material,  that  involves  management  or
other  employees  who  have  a  significant  role  in  the registrant's internal
control over financial reporting.


Date:     August 13, 2003

By:_/s/ Anthony C. Dike
Anthony C. Dike
Chairman and CEO (Principal Executive Officer)






                                       16
<PAGE>
                                    EXHIBIT 31.2

                                CERTIFICATION  PURSUANT  TO SECTION 302
                                 OF  THE  SARBANES-OXLEY  ACT  OF  2002


I, Foday Sorsor Conteh, certify that:

1. I have reviewed this quarterly report  on  Form  10-QSB of Meridian Holdings,
Inc.;

2. Based  on  my  knowledge,  this quarterly report  does not contain any untrue
statement of a  material fact or omit  to  state  a material fact  necessary  to
make  the  statements  made,  in  light of  the  circumstances  under which such
statements were made, not  misleading with respect to the period covered by this
quarterly report;

3. Based   on   my  knowledge,  the  financial  statements,  and other financial
information  included  in  this quarterly report, fairly present in all material
respects  the  financial condition,  results of operations and cash flows of the
registrant  as of, and for, the periods presented in this quarterly report;

4. The  registrant's  other  certifying  officers  and  I  are  responsible  for
establishing and maintaining disclosure controls and procedures (as  defined  in
Exchange  Act  Rules  13a-15(e)  and 15d-15(e)) for the registrant and we have:

  a) designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be  designed  under our  supervision,  to  ensure  to
ensure that  material  information  relating  to  the  registrant, including its
consolidated  subsidiaries,  is   made  known  to  us  by  others  within  those
entities, particularly during the period in which this quarterly report is being
prepared;

   b) evaluated the effectiveness  of the  registrant's disclosure controls  and
procedures  and  presented  in  this  quarterly report our conclusions about the
effectiveness  of  the  disclosure controls and procedures, as of the end of the
period covered by this quarterly report based on such evaluation; and

   c) disclosed in this quarterly report any change in the registrant's internal
control  over  financial  reporting  that  occurred during the registrant's most
recent fiscal quarter (the registrant's fourth fiscal quarter in the  case of an
annual report)  that  has  materially  affected,  or  is  reasonably  likely  to
materially  affect,  the registrant's internal control over financial reporting;

5. The registrant's other certifying officers and I have disclosed, based on our
most  recent  evaluation  of  internal  control over financial reporting, to the
registrant's  auditors  and  the  audit  committee  of   registrant's  board  of
directors  (or  persons  performing  the equivalent functions):

   a) all  significant  deficiencies  in  the  design  or  operation of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  information; and

   b) any  fraud,  whether   or  not   material,  that  involves  management  or
other  employees  who  have  a  significant  role  in  the registrant's internal
control over financial reporting.


Date:     August 13, 2003

By:_/s/ Foday Sorsor Conteh
Foday Sorsor Conteh
Vice President Finance (Principal Financial Officer)






                                       17
<PAGE>
Exhibit 32.1




                                CERTIFICATION  PURSUANT  TO SECTION 906
                                 OF  THE  SARBANES-OXLEY  ACT  OF  2002


In  connection  with  the  quarterly  report  of  Meridian  Holdings,  Inc. (the
"Company") on  Form  10-QSB  for  the  period  ending  June 30,  2003  as  filed
with   the   Securities   and   Exchange   Commission   on    the   date  hereof
(the "Report"),  we,  Anthony  C. Dike, the  Chief  Executive Officer,  and  Mr.
Foday  Sorsor   Conteh,  Vice  President  Finance,   of  the  Company,  certify,
pursuant   to   18 U.S.C.   1350,  as   adopted   pursuant   to Section   906 of
the Sarbanes-Oxley  Act  of  2002,  that:

(1)  The  Report  fully  complies  with  the  requirements  of  Section 13(a) or
     15(d)  of  the  Securities  Exchange  Act  of  1934;  and

(2)  The  information  contained  in the Report fairly presents, in all material
     respects, the financial condition and results of operations of the Company.

     A signed  original  of  this  written  statement  required  by Section 906,
or  other  document  authenticating,  acknowledging,  or  otherwise adopting the
signature  that  appears  in  typed  form  within the electronic version of this
written  statement  required  by  Section  906,  has  been  provided to Meridian
Holdings,  Inc.,  and  will  be  retained   by   Meridian  Holdings,  Inc.,  and
furnished to the Securities and Exchange Commission or its staff upon request.


DATE:  August 13,   2003        By:  /s/  Anthony  C.  Dike
                                        -------------------
                                         Anthony  C.  Dike
                                        Chairman  and  CEO


                                 By:  /s/  Foday  Sorsor  Conteh
                                        -------------------
                                         Foday  Sorsor  Conteh
                                       Vice  President  Finance




























                                       18
<PAGE>