Thomas Frist net worth
Thomas Frist, Jr. Net Worth: Thomas F. Frist, Jr. is an American heir, businessman and philanthropist with a net worth of $7.6 billion. Thomas Frist, Jr. was born in Nashville, Tennessee in 1939. He is also a co-founder of Hospital Corporation of America (HCA). Early on, Frist graduated from Vanderbilt University in Nashville, Tennessee, and received his MD from Washington University in St. Louis. He then served as a flight surgeon in the United States Air Force. In 1968, he co-founded the Hospital Corporation of America (HCA) with his fathers, Thomas F. Frist, Sr. and Jack C. Massey. Dr. Thomas Frist, Jr. became HCA President in 1977 and Chairman, President and Chief Executive Officer in 1987. Following the merger with Columbia University, he chaired the board in 1994. After the merger with HealthTrust Inc. in April 1995, he served as vice chairman. In 1997, he again served as the company’s chairman and chief executive officer. He was Chairman and Chief Executive Officer until January 2001 and Chairman until January 2002. In 2009, he resigned from the board and was joined by his son Billy Frist. Frist was replaced as chairman by Jack Bowender. Shares in HCA Holdings, the hospital group Frist and his father founded in 1968, soared in 2014 with healthcare reform. Dr. Frist and his family own 15% of HCA. He took the company public for the third time in 2011 after two management buyouts. HCA purchased three hospitals in Tampa Bay, Florida in 2013. HCA also reportedly paid the U.S. government more than $7 million to settle allegations that its 23 hospitals attempted to generate larger Medicare payouts by using high-priced inpatient procedures instead of cheaper outpatient procedures. Operation. The Frist family is building a 500-bed hospital in China through a joint venture with the Chinese government.
Thomas Frist Jr. net worth
