Companies · Hospitals and Physicians

Triarq Health Alliance of Michigan, LLC

TROY · Hospitals and Physicians

Diligence memoA one-page analyst read on Triarq Health Alliance of Michigan, LLC — recommendation, valuation, rhythm, risks.
$125K
Total raised · real
1
Rounds
0.8×
Latest step-up
Top 98%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Feb 22 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Triarq Health Alliance of Michigan, LLC looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the health services sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.42× the median modeled value of Pre-Seed Hospitals and Physicians companies in 2016–2018 (39 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.4 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Triarq Health Alliance of Michigan, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
8.4 yr record
Peak capital year was 2018 with $275K across 2 filings.
Market position
ahead of 3% of Hospitals and Physicians peers
Capital scale is ahead of 3% of Hospitals and Physicians peers; modeled value is above 14% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2018: $275K across 2 filings.
  • Largest single filing was $150K on 2018-02-22.
  • Filing rows sum to $275K, while canonical raised total is $125K; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Hospitals and Physicians

Triarq Health Alliance of Michigan, LLC is one of 599 Hospitals and Physicians companies tracked from TROY. By capital raised it ranks in the long tail (ahead of 3% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(c)
Reg D exemption
6
Investors (latest)
2016
Year incorporated
2018-02-22
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3M$2.5M$3.8M$5.0MPre-Seed · 2018-02-22 Raised $150K (real) Modeled valuation $4.3M (est)$150K$4.3MPre-Seed2018Pre-Seed · 2018-02-22 Raised $125K (real) Modeled valuation $3.6M (est)$125K$3.6MPre-Seed2018+$125KCumulative $275K

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$150K · 2018
Pre-Seed extension$125K · 2018

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$3.6M
Base estimate est.
$82K
Conservative case
$40.6M
Upside case
$694K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the health services sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $4.3M · 2018-02-222018Pre-Seed · modeled $3.6M · 2018-02-222018
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 54% high
1.61×/yr
Annual markup
2.18×/yr upside case
6.0 yr
Elapsed time used
8.4 yr actual, capped for stale marks
health services
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
8.4 yr
On record since
2018
First round
2
Rounds on file
How it compares to the market

Benchmarked against 599 companies in Hospitals and Physicians. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.1× of median
This company$125K
Sector median$1.8M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.3× of median
This company$125K
Sector median$400K
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$3.6M
Sector median$22.9M

Raised more than 3% of sector peers (real $). Modeled value above 14% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #37 of 39.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Oriental Dolphins CCG II Lender LLP · Pre-Seed Raised $1.0M · modeled $28.7M (est)Grand View Surgery Center at Harleysville, LLC · Pre-Seed Raised $997K · modeled $28.6M (est)St. Luke's Surgery Center of Chesterfield, LLC · Pre-Seed Raised $980K · modeled $28.1M (est)Summit Medical Group, LLC · Pre-Seed Raised $720K · modeled $20.6M (est)Riverview Surgical Center, Llc · Pre-Seed Raised $640K · modeled $18.3M (est)Methodist McKinney Hospital, LLC · Pre-Seed Raised $611K · modeled $17.5M (est)Renaissance Physicians Accountable Care LLC · Pre-Seed Raised $546K · modeled $15.6M (est)Howard Community Surgery Center, Llc · Pre-Seed Raised $521K · modeled $14.9M (est)Blue Bell ASC, LLC · Pre-Seed Raised $520K · modeled $14.9M (est)Wrmcabns, Llc · Pre-Seed Raised $465K · modeled $13.3M (est)Caribbean Partners Medical Corp · Pre-Seed Raised $450K · modeled $12.9M (est)WCF Brandon Women's Health Center, LLC · Pre-Seed Raised $444K · modeled $12.7M (est)Triarq Health Alliance of Michigan, LLC (this company) Raised $125K · modeled $3.6M (est)Triarq Health Alliance of Michigan, LLC
CompanyStageRaised · realValue · estvs peer med.
Oriental Dolphins CCG II Lender LLPPre-Seed$1.0M$28.7M3.33×
Grand View Surgery Center at Harleysville, LLCPre-Seed$997K$28.6M3.32×
St. Luke's Surgery Center of Chesterfield, LLCPre-Seed$980K$28.1M3.27×
Summit Medical Group, LLCPre-Seed$720K$20.6M2.40×
Riverview Surgical Center, LlcPre-Seed$640K$18.3M2.13×
Methodist McKinney Hospital, LLCPre-Seed$611K$17.5M2.04×
Renaissance Physicians Accountable Care LLCPre-Seed$546K$15.6M1.82×
Howard Community Surgery Center, LlcPre-Seed$521K$14.9M1.74×
Blue Bell ASC, LLCPre-Seed$520K$14.9M1.73×
Wrmcabns, LlcPre-Seed$465K$13.3M1.55×
Caribbean Partners Medical CorpPre-Seed$450K$12.9M1.50×
WCF Brandon Women's Health Center, LLCPre-Seed$444K$12.7M1.48×
Triarq Health Alliance of Michigan, LLC this companyPre-Seed$125K$3.6M0.42×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$150K2018-02-22$833K$4.3M90%
Pre-Seed$125K2018-02-22$694K$3.6M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$150K2018-02-22
    • First recorded raise — entered as Pre-Seed.
    • 6 investors on this round.
  2. Pre-Seed$125K2018-02-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
Intelligence
Modeled next raise
$125K
Modeled next size est.range $125K$200K
0.8×
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
David J. Fry2018-02
Keith J. Walter2018-02
Michael J. Sappington2018-02
Registry & provenance

Triarq Health Alliance of Michigan, LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1744336
SEC CIK
2016
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Arusha LlcHospitals and PhysiciansPre-Seed$125K$3.6Msame sector · same stage
Moms 1st Drs 2nd LLCHospitals and PhysiciansPre-Seed$125K$3.6Msame sector · same stage
Ridgefield Surgical Center LlcHospitals and PhysiciansPre-Seed$125K$3.6Msame sector · same stage
Sendant Md, IncHospitals and PhysiciansPre-Seed$125K$3.6Msame sector · same stage
St Charles Surgical Hospital LlcHospitals and PhysiciansPre-Seed$125K$3.6Msame sector · same stage
Ohio River Valley Associates, LLCHospitals and PhysiciansPre-Seed$122K$3.5Msame sector · same stage
Carondelet Surgical Centers, L.L.C.Hospitals and PhysiciansPre-Seed$129K$3.7Msame sector · same stage
Pine Grove Ambulatory Surgical Center LlcHospitals and PhysiciansPre-Seed$130K$212Ksame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Triunfo Surgery Center, LLCHospitals and PhysiciansSeed$46.1M83%
Tandem Hospital Partners, LlcHospitals and PhysiciansSeries B$61.3M80%
Regional Healthplus LlcHospitals and PhysiciansPre-Seed$24.6M79%
TriAgenics, IncOther Health CareSeed$1.6M79%
Tridiuum, Inc.Other Health CareSeries A$88.3M79%
Trifecta Holding Group Inc.Other Health CarePre-Seed$5.3M78%
Tri-Medics, LLCOther Health CarePre-Seed$7.7M78%
ApolloMD Physician Partners, Inc.Hospitals and PhysiciansSeed$16.6M78%
Frequently asked
How much funding has Triarq Health Alliance of Michigan, LLC raised?
Triarq Health Alliance of Michigan, LLC has raised approximately $125K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Triarq Health Alliance of Michigan, LLC's estimated valuation?
Provath's modeled valuation for Triarq Health Alliance of Michigan, LLC is approximately $3.6M (modeled range $82K–$40.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Triarq Health Alliance of Michigan, LLC at?
Triarq Health Alliance of Michigan, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Feb 22.
What does Triarq Health Alliance of Michigan, LLC do and where is it based?
Triarq Health Alliance of Michigan, LLC operates in the Hospitals and Physicians sector, based in TROY.
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