MediQuant

DataArk archives clinical, financial, and administrative data from decommissioned healthcare software — including EHRs, patient accounting systems, and ERP platforms. The system preserves the original data relationships, so hospitals can query legacy records for audits, patient requests, or litigation without maintaining the live application. MediQuant's domain-specific focus differentiates it from generic enterprise archiving tools.

TZP Group, a private equity firm focused on lower-middle-market business services and technology companies, made a growth investment in MediQuant in June 2022 (per TZP Group, 2022). Founder and CEO Terri Mikol continues to lead the company. The specific ownership split was not publicly disclosed but TZP's investment was characterized as a partnership with existing management.

MediQuant competes by being vendor-neutral: a health system that has cycled through three different EHRs from three different vendors over 25 years can consolidate all legacy data into one MediQuant archive. Epic and Oracle Cerner each offer tools to archive their own predecessors, but they have no commercial incentive to archive a competitor's retired system. MediQuant's independence from any single EHR vendor is its primary sourcing advantage.

Yes. MediQuant's platform is designed to support provider compliance with HIPAA privacy and security rules as well as state-specific medical record retention statutes, which can extend to 28 years or longer for pediatric records in some jurisdictions. The firm stores data as protected health information and must meet the same regulatory standard as the live EHR systems the data originated from.

Publicly available information indicates MediQuant's business is concentrated in the United States, serving domestic hospitals, academic medical centers, and multi-state health systems. There is no current evidence of international operations. The regulatory drivers of its business — US state retention laws and merger-driven system consolidation — are specific to the American healthcare market.

MediQuant's archive is designed for active retention, not deletion. Most clients must retain the data for years or decades per state law and Medicare Conditions of Participation. The platform preserves data in a read-only, indexed format that supports ad-hoc queries. Deletion only becomes relevant when all applicable retention periods expire, at which point a hospital may initiate a legally compliant destruction process using MediQuant's controls or the health system's own governance framework.

MediQuant acquired HealtheDataWorks in 2020, adding deeper interoperability and data-mapping capabilities for extracting legacy data from complex, older-system formats. The acquisition strengthened MediQuant's ability to handle the most technically difficult data conversions, including proprietary databases no longer supported by the original vendor.