Deal allows MTPS to expand LTC business, TwelveStone to focus on infusion
By HME News Staff
Updated 8:40 AM CDT, Mon September 9, 2024
SHELBYVILLE, Tenn. - Middle Tennessee Pharmacy Services has acquired the long-term care and MEDIpack service lines of TwelveStone Health Partners. The deal will enable MTPS to better serve residents in assisted living, skilled nursing and behavioral health communities, as well as individuals with intellectual and developmental disabilities and outpatient consumers, throughout Tennessee, southern Kentucky and northern Alabama. "We share TwelveStone’s commitment to exceptional customer service and care, and we're excited to build on their strong reputation serving senior living residents in the region," said Russ Spivey, co-president and founder of MTPS. "This acquisition enhances our ability to better serve LTC communities across Tennessee, and areas in Kentucky, and Alabama, and we look forward to integrating TwelveStone's talented team into our operations." Spivey and David Brown co-founded MTPS in 2005 and have steadily increased its footprint over the past 19 years, including with the opening of Guardian Mid-South Pharmacy in Memphis in 2012 and the launch of East Tennessee Pharmacy Services in Knoxville in 2013. This latest expansion will increase the company’s total customer base by 17%. The newly acquired pharmacy, located in Murfreesboro, Tenn., will continue to operate as TwelveStone, and all 34 employees there will join the MTPS team. For TwelveStone, the deal allows the company to narrow its focus on its rapidly growing infusion service business, which includes 21 centers in the southeastern U.S. across Georgia, Virginia, Kentucky and Tennessee.
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