Preheat the oven to 325 degrees F. Coat a sheet pan with cooking spray.
Heat the olive oil in a small pan over medium heat. Add the onion and cooking for 4-5 minutes or until softened. Add the garlic and cook for 30 more seconds.
Place the garlic and onion mixture in a large bowl along with the ground beef, salt, pepper, beef broth, Worcestershire sauce, eggs, and breadcrumbs. Stir well to combine.
Place the beef mixture on the sheet pan and shape into a loaf. Spread 1/4 cup of the ketchup over the loaf.
Wrap the bacon slices around the loaf, tucking in the ends under the bottom. Brush the remaining ketchup over the bacon.
Bake for 1 hour or until a thermometer inserted into the center of the meat loaf registers 160 degrees F.
Let the meatloaf rest for 5 minutes. Sprinkle parsley over the top. Slice, then serve.