TriMedx plans $21.5 million expansion, 108 jobs

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Indianapolis-based TriMedx is planning an $21.5 expansion that will result in 108 new jobs by the end of 2020, the company announced Tuesday.

TriMedx, a provider of health care technology management services, said it would invest the money in its 78,000-square-foot corporate headquarters near West 71st Street and Zionsville Road in northwest Indianapolis and elsewhere in the state.

The jobs are expected to pay 80 percent above Indiana’s average annual wage of $44,350, or nearly $80,000 per year.

“TriMedx will invest in workforce training and additional infrastructure development and improvements, including information technology hardware and software,” it said.

Founded in Indianapolis in 1998 in the clinical engineering department of St. Vincent Hospital, TriMedx now has about 1,500 employees company-wide and is on pace to bring in $500 million in revenue in 2016.

The company, a subsidiary of St. Vincent parent Ascension, provides medical equipment management programs to 1,800 health care providers in 28 states, including all of St. Louis-based Ascension’s hospitals and health care facilities.

Ascension is the largest not-for-profit health system in the United States and the world's largest Catholic health system. It has more than 130 hospitals.

TriMedx received an undisclosed funding infusion from New York-based TowerBrook Capital Partners earlier this year.

The Indiana Economic Development Corp. offered TriMedx up to $1.15 million in conditional tax credits and up to $200,000 in training grants based on the job-creation plans. The incentives hinge on TriMedx’s ability to meet hiring goals.

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