Trilogy Health Ventures launched businesses in three areas in the last few years, expanding into pharmaceutical research, consulting and home healthcare. The Ann Arbor-based firm’s investment in latter of those sectors is paying off the most.
Trilogy Health Ventures owns three home healthcare businesses that provide home healthcare for senior citizens and other people in need across Michigan. Trilogy Ventures North handles cities like Bay City, Mt. Pleasant and Flint. Trilogy Ventures South covers Ann Arbor and Jackson. Trilogy Ventures West overseas Grand Rapids Kalamazoo and Hastings.
"These are really driving the hiring of new employees," says Barry Paxton, managing partner of
Trilogy Health Ventures. "We have just been growing like crazy in the senior-care space. We're looking at subsequent investments in the business."
Those three businesses have hired 60 people over the last year, mostly nursing assistants and other types of home healthcare workers. Paxton expects to double that head-count over the next year.
Trilogy Health Ventures employs 70 people through all five of its businesses. It has two other businesses not associated with home healthcare. Pharma Form Solutions specializes in contract pharmaceutical research but has experienced flat revenues while hunting for new work. Paxton Holdings, a pharmaceutical consulting service, has experienced modest growth over the last year.
"It's a consistent revenue stream," Paxton says. "It's been going quite well."
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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