Posted by: Jennifer McEachern
Post acute-care support provider to invest $14.9 million, create 200 new jobs
MURFREESBORO — Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with TwelveStone Health Partners officials announced today the company will build a new corporate headquarters, expanding its Murfreesboro operations.
The headquarters will consolidate the company’s corporate, logistics, billing and service divisions. TwelveStone, formerly Reeves-Sain Family of Medical Services, will invest $14.9 million and create 200 new jobs.
“We appreciate TwelveStone Health Partners for its ongoing commitment to Tennessee and creating 200 new jobs,” Haslam said. “The momentum of Tennessee’s healthcare industry is strengthened not only when companies locate in our state, but also when they decide to expand and grow here. We congratulate TwelveStone on today’s announcement and thank the company for bringing us one step closer toward making Tennessee the No. 1 location in the Southeast for high quality jobs.”
“In Middle Tennessee alone, the healthcare industry contributes an overall economic benefit of nearly $40 billion and more than 250,000 jobs to the local economy each year. Because of companies like TwelveStone Health Partners, that number continues to grow,” Boyd said. “We thank TwelveStone for expanding its presence in Rutherford County and creating valuable jobs for our Team Tennessee workforce.”
"As a fourth generation Tennessee entrepreneur, creating high-value jobs statewide is very important to me,” TwelveStone Health Partners CEO Shane Reeves said. “The mission of TwelveStone Health Partners is very much in line with the Department of Economic and Community Development. We are building a business that will have statewide impact benefiting communities in Chattanooga, Memphis and Knoxville. I appreciate the support we’ve received from TNECD, it is no surprise given the tremendous leadership shown by the state of Tennessee in supporting business."
TwelveStone will begin construction in mid-March on a new 30,000 square foot corporate headquarters at Heritage Square in Murfreesboro providing the company with a centralized space for business operations as well as warehouse space.
The launch of TwelveStone Health Partners is a result of last year’s acquisition of Reeves-Sain Drug Store, Inc. and EntrustRx, its specialty pharmacy business by Fred’s Inc. TwelveStone will offer packaged medication, infusion and enteral services, respiratory therapy services and durable medication equipment. The company plans to expand its existing 44-county service area footprint to all of Tennessee’s 95 counties.
"We are extremely excited about this opportunity for one of Murfreesboro's hometown companies,” Murfreesboro Mayor Shane McFarland said. “TwelveStone is a prime example of a business that started in Murfreesboro and through good leadership and management has become a national leader in its industry. We are proud to support both business expansions and new businesses as they continue to make Murfreesboro a great place to do business and provide jobs for our residents.”
“We congratulate TwelveStone for adding jobs to our community,” Destination Rutherford Chair Bill Jones said. “When an existing company chooses to expand, it’s always a testament to the good health of our business environment, and this is no exception. We are excited to be a part of this homegrown company’s ongoing success.”
“TVA and Murfreesboro Electric Department congratulate TwelveStone on its decision to expand and build a new corporate headquarters in Murfreesboro,” TVA Senior Vice President John Bradley said. “We, along with the city of Murfreesboro, Rutherford County, Rutherford Chamber of Commerce and Tennessee Department of Economic and Community Development, celebrate TwelveStone’s continuing business success and commitment to grow in the Valley.”
Those interested in applying for a position with TwelveStone can visit www.12stonehealth.com/contact/#careers.
Murfreesboro and Rutherford County and represented by Sen. Bill Ketron (R – Murfreesboro), Sen. Jim Tracy (R – Shelbyville), Rep. Mike Sparks (R – Smyrna), Rep. Dawn White (R – Murfreesboro), Rep. Rick Womick (R – Rockvale) and Rep. Bryan Terry (R – Murfreesboro) in the Tennessee General Assembly.
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies which help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Team Tennessee, the department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. Tennessee is the only three-time winner of “State of the Year” for economic development by Business Facilities magazine. Find us on the web: tnecd.com. Follow us on Twitter: @tnecd. Like us on Facebook: facebook.com/tnecd.