Trilogy Health Ventures has only been doing business for the last 18 months but the company has bought two existing firms, started another one and is looking at spinning out technology from the University of Michigan.
The Ann Arbor-based firm has launched Pharma Form Solutions (a contract pharmaceutical research firm) and bought two home health-care firms. It's also speaking with the
University of Michigan's Office of Technology Transfer about spinning out promising technology from the university and turning it into a start-up.
"It started as a boutique investment group," says Barry Paxton, managing partner of
Trilogy Health Ventures. "We found there is a real need for professional management."
The most pressing of these investments are the home-health-care companies. Paxton expects their growth will mean the creation of dozens of new jobs in the short-term.
"We are looking at hiring about 100 new employees in the Ann Arbor and north Livingston County area within the next year," Paxton says.
Trilogy Health Ventures currently employs a team of five people and it's not finished building businesses by a long shot.
"I would imagine we would have a handful more companies in our portfolio soon," Paxton says. "This is a great time in Michigan. There are a lot of great companies out there."
Source: Barry Paxton, managing partner of Trilogy Health Ventures
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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