TwelveStone expands Chattanooga infusion clinic and more business news

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TwelveStone expands local infusion clinic

Three years after opening an infusion center off of Shallowford Road in Chattanooga, TwelveStone Health Partners has relocated and expanded its local clinic and pharmacy to East Brainerd in a suite at 1206 Pointe Centre Drive.

The new infusion center has six more rooms than the facility it replaces to accommodate its growing appeal, according to an announcement from company CEO Shane Reeves.

Reeves, a state senator and fourth-generation pharmacist, started TwelveStone after selling his family's pharmacy in 2015. The business, which has five other locations in Tennessee and other locations in Georgia and Virginia, seeks to bridge the gap between home and hospital for infusion treatments to keep patients from being readmitted to the hospital.

Patients of TwelveStone receive care in a private treatment room with free Wi-Fi, snacks and drinks. The centers are staffed with certified clinicians who partner with the patient's care team to assess and recommend care plans. Reeves has grown the business serving patients in hospice care, nursing homes, assisted living and group homes or in their own home by delivering a variety of medications packaged and delivered via mail.

The name TwelveStone Health Partners comes from the story of Joshua, who led the Israelites into the Promised Land. After the river was parted for them and they reached the other side, 12 stones, representing the tribes of Israel, were taken from the river and stacked as a monument to God.

"TwelveStone stands in the deep part of the river guiding each patient, with God's power, to make a bold crossing to health, peace and victory," Reeves said. "We are serious about honoring God and helping people across the river."

Settlement may cancel loans at some colleges

The Biden administration has agreed to cancel $6 billion in student loans for about 200,000 former students who say they were defrauded by their colleges, according to a proposed settlement in a Trump-era lawsuit.

The agreement filed in San Francisco federal court would automatically cancel federal student debt for students who were enrolled at one of more than 150 colleges and later applied for debt cancellation because of alleged misconduct by the schools.

Almost all the schools involved are for-profit colleges. The list includes DeVry University, the University of Phoenix and other chains still in operation, along with many that have folded in recent years, including ITT Technical Institute which operated a college site at the Eastgate Town Center before shutting down in 2016.

Education Secretary Miguel Cardona said in a statement that the settlement would resolve the claims "in a manner that is fair and equitable for all parties."

The deal has yet to be approved by a federal judge. A hearing on the proposal is scheduled for July 28.

Toyota recalls EVs for wheel problem

Toyota is recalling 2,700 bZ4X crossover vehicles globally for wheel bolts that could become loose, in a major setback for the Japanese automaker's ambitions to roll out electric cars.

Toyota Motor Corp. said Friday the cause is still under investigation, but the whole wheel could come off, risking a crash.

"Until the remedy is available, no one should drive these vehicles," the company said in a statement.

Among the vehicles subject to the latest recall, about 2,200 were destined for Europe, 270 for North America, 112 for Japan, and 60 for the rest of Asia, according to Toyota. They were produced between March and June.

The bZ4X, which went on sale about two months ago, is a key model in Toyota's plans to strengthen its electric lineup.

Toyota is planning to have 30 EV models by 2030, selling 3.5 million electric vehicles globally that year.

- Compiled by Dave Flessner