TwelveStone Health Partners announces a significant growth equity investment from Heritage Group

The funding will accelerate the rapid growth of the company’s infusion center platform

MURFREESBORO, Tenn., July 12, 2022 /PRNewswire/ — TwelveStone Health Partners, a leading provider of comprehensive chronic care medication services, announced today that Heritage Group has made a significant investment to support a broad expansion of Infusion Center services throughout the Southeast United States.

The investment from Heritage Group is timed to match the aggressive growth TwelveStone is experiencing, driven by multiple industry headwinds favoring increased access, lower cost sites of care and improved patient experience. .

“TwelveStone’s mission is to support communities and patients struggling with complex, chronic conditions,” it says Shane Reeves, chief executive officer of TwelveStone. “With this investment, we will be able to scale the delivery of the exceptional services provided by our care team to those who deserve a higher level of support across the South East.”

TwelveStone provides holistic pharmacy solutions for patients with complex and chronic conditions. The company’s offerings include ambulatory infusion, home infusion and packaged drug delivery, all of which drive increased access, adherence and improve the patient experience. After launching the ambulatory infusion center model in 2019, TwelveStone experienced significant growth and established itself as a differentiated provider of specialty infusion services.

“We are excited about the partnership with TwelveStone and the opportunity to transform the patient experience,” said Jesse Bland, partner at Heritage Group. “Demand for specialty infusion services remains strong and the company is well positioned as the market continues to evolve.”

About TwelveStone Partners

TwelveStone Health Partners incorporates the goal of glorifying God into its mission by providing a higher level of service to partners and patients. As an organization, TwelveStone supports the transition from acute to post-acute care settings and the transition from illness to wellness. This is the third evolution in the history of the company, starting in 1980 when Richard Reeves AND Ronald Powell established a single retail pharmacy location then called Reeves Powell Saveway Drug Store. In 1994 Shane Reeves and Rick Sain launched Reeves-Sain and over 20 years grew the organization to include seven companies. In 2015 Reeves Sain Drug Store, Inc., a retail pharmacy, and its specialty pharmacy, EntrustRx were sold to Fred’s, Inc. In 2016 Shane Reeves launched TwelveStone Health Partners, aiming to continue to pursue higher professional, business and community goals. submitted by its founders. For more information, visit www.12stonehealth.com.

About Heritage Group

The Legacy Group is one Nashville, Tennessee based, healthcare-focused private equity firm with more than 35 years of experience financing and operating healthcare companies. The legacy is over 700 million dollars of assets under management and seeks to make majority and minority investments in high-growth healthcare services and healthcare technology businesses that address the challenges of the US healthcare system. The firm’s limited partners include some of the nation’s leading healthcare organizations, including large provider systems, payers and healthcare providers that collectively operate over 600 hospitals and insure more than 45 million lives. For more information, visit www.heritagegroupusa.com

SOURCE TwelveStone Health Partners

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