Thomas Fearn Frist Jr. (born August 12, 1938) is an American heir, entrepreneur as well as philanthropist. He is a co-founder of the Health center Firm of The U.S.A. and is the wealthiest person in Tennessee.
Early life
Thomas F. Frist Jr. was born on August 12, 1938. His father was Thomas F. Frist Sr., a prominent interior medicine professional in Nashville. His mom was Dorothy Cate. He has four siblings: medical professional as well as U.S. Bill Frist; Dr. Robert A. Frist; Dorothy F. Boensch; as well as Mary F. Barfield.
Frist grew up in Belle Meade on the west side of Nashville. He participated in Montgomery Bell Academy, a Nashville school for boys. In 1956, Frist played quarterback for MBA’s state champion football group. Frist’s halfback on the group was Frank Drowota, that became the primary Justice of the Tennessee . Frist graduated from Vanderbilt College and got an MD from Washington University in St. Louis. He was a brother of the Vanderbilt of Phi Delta Theta. He served as a flight surgeon in the USA .
Organisation profession
In 1968, he co-founded the Medical facility Firm of America with his papa, Thomas F. Frist Sr., as well as Jack C. Massey.
In 1977, he became of HCA and, in 1987, Chairman, President and also President. He served as Chairman of the Board in 1994, after the merging with Columbia, and also after the merger with HealthTrust Inc. in April 1995, as Vice Chairman. He returned as Chairman and Chief Executive Officer of the business in 1997 after the resignation of Rick Scott.
He was Chairman and also Chief Executive Officer until January 2001 and Chairman until January 2002. In 2006, he took personal equity investments in Bain Funding, Kohlberg Kravis Roberts and Merrill Lynch for $21 billion. He holds the document for the most significant leveraged buyout of all time and also biggest PE-led IPO of all time. In 2009, he tipped down from the Board of Directors and his child, Billy Frist, joined the Board. Frist was changed as Chairman by Jack Bovender.
From 1984-95, he served on the Board of Directors of IBM. He was the Chair of the Nashville Chamber of from 1999-2000. He is a member of The Business Council. In 2008, he co-founded the China Medical care Corporation with Charles A. Elcan. They have organisation passions in Cixi, China. He acts as of Okeechobee Health center Inc. and Galen Of Florida Inc.
Frist is of Tomco II LLC, an aircraft firm. In 2000, Scott Mercy, Chairman and also CEO of LifePoint Hospitals Inc. and Chairman of The U.S.A. Service Group Inc., passed away in an accident. Likewise, in 2006, another aircraft belonging to Frist collapsed.
Frist controls about 20 percent of HCA Healthcare, an administrator of almost 300 hospitals and surgery centers in the U.S. and U.K. The Nashville-based company is publicly traded, employs 38,000 doctors and provides services to more than 28 million patients per year. HCA reported revenue of $43.6 billion in 2017.
Source:
- Wikipedia
- bloomberg