• Sun. Sep 25th, 2022

Thomas Frist Net Worth 2022

Thomas Fearn Frist Jr. is a multibillionaire physician and businessman from the United States. He is the wealthiest individual in Tennessee and a co-founder of HCA Healthcare.

Thomas Frist net worth and Biography

Net Worth $16 billion
Date of Birth August 12, 1938
Occupation co-founder of HCA Healthcare
Nationality American

Thomas Frist’s net worth is estimated to be $16 billion in 2022. HCA Healthcare owns and manages 187 hospitals and nearly 2,000 care locations in 20 states across the United States and the United Kingdom.

Biography

On August 12, 1938, Thomas F. Frist Jr. was born. Thomas F. Frist Sr., a well-known internal medicine practitioner in Nashville, was his father. Dorothy Cate was his mother’s name. Bill Frist, a physician and former United States Senate Majority Leader, has four siblings: Robert A. Frist, Dorothy F. Boensch, and Mary F. Barfield.

Frist grew up in Belle Meade, a Nashville suburb on the western outskirts. Montgomery Bell Academy, a Nashville prep school for males, was his alma mater.

Frist earned his bachelor’s degree from Vanderbilt University and his medical degree from Washington University in St. Louis. He was a Phi Delta Theta member at Vanderbilt University. He served in the United States Air Force as a flight surgeon.

With his father, Thomas F. Frist Sr., and Jack C. Massey, he co-founded the Hospital Corporation of America in 1968.

He was named president of HCA in 1977 and chairman, president, and chief executive officer in 1987. (CEO). After the merger with Columbia in 1994, he became chairman, and then vice chairman, after the merger with HealthTrust Inc. in April 1995. After Rick Scott, who eventually became Governor of Florida, resigned as chairman and CEO of the corporation in 1997, he returned as chairman and CEO.

Until January 2001, he served as chairman and CEO, and then as chairman until January 2002. He took HCA private in 2006 after accepting $21 billion in private equity investments from Bain Capital, Kohlberg Kravis Roberts, and Merrill Lynch. HCA was valued at $33 billion in the purchase.

He holds the world records for the largest leveraged buyout and the largest private equity–led IPO. In 2009, he resigned out from the board of directors and was replaced by his son, Billy Frist. Jack Bovender succeeded Frist as Chairman.

He was a member of IBM’s Board of Directors from 1984 until 1995. From 1999 to 2000, he was the chair of the Nashville Area Chamber of Commerce.

He belongs to The Business Council. He and Charles A. Elcan co-founded the China Healthcare Corporation in 2008. They are involved in business in Cixi, China. He is the CEO of Galen Of Florida Inc. and Okeechobee Hospital Inc.

Thomas Frist net worth

As of 2022, Thomas Frist net worth is valued at $16 billion.

Leave a Reply

Your email address will not be published.