Thomas F. Frist Jr. Biography
Thomas Fearn Frist Jr. is a billionaire a former Air Force flight surgeon, founded Hospital Corp., and businessman from the United State of America. He is a co-founder of HCA Healthcare and the wealthiest person in Tennessee.
How old is Thomas F. Frist Jr.? – Age
He is 83 years old as of 12 August 2021. He was born in Nashville, Tennessee, United States.
Thomas F. Frist Jr. Family
Thomas F. Frist Sr., a well-known internal medicine specialist in Nashville, was his father. Dorothy Cate was his mother’s name. He has four siblings: former U.S. Senate Majority Leader Bill Frist, Dr. Robert A. Frist, Dorothy F. Boensch, and Mary F. Barfield, all physicians. His brother is a former Republican United States Senator from the same state. According to the HCA website, Frist III is also a director of HCA, the Frist Foundation, and a general partner in Frisco Partners, a Frist family investment entity.
Thomas F. Frist Jr. Wife
Frist was married to Patricia C. Frist from 1961 until her death in 2021, and they had three children together. They live in Belle Meade, Tennessee, and have two sons and a daughter who is married to investor Charles A. Elcan.
How much is Thomas Frist Jr worth? – Net Worth
He is the richest person in Tennessee and ranks at #37 on the Forbes 400. He has an estimated net worth of $12.8 billion.
How much is the Frist family worth?
The family fortune is valued at $11.5 billion. HCA is owned by the Frists to the tune of 20%. According to Forbes, the Frist family’s wealth has fluctuated with the value of these holdings but has remained above $7 billion since March 2016.
Thomas Frist Jr House
He and his late wife bought a Dutch Colonial-style house at 242 Tangier Ave. for just under $8 million in a sale recorded Wednesday. The Frists bought the five-bedroom house from its owner, Senie “Ann” Bloys, a real estate agent with The Fite Group. In 2011, she and her ex-husband, David Bloys, paid $4.18 million for it. The midblock house on Tangier Avenue has 6,502 square feet of living space inside and out and sits on a third-of-an-acre lot about a mile north of Royal Poinciana Way.
What does HCA Healthcare stand for? | What does HCA Healthcare stand for?
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 transaction. He holds the record for the largest leveraged buyout and the largest private equity–led IPO in history. He stepped down from the board of directors in 2009, and his son, Billy Frist, joined it. Jack Bovender took over as Chairman in place of Frist.
He was a member of IBM’s Board of Directors from 1984 to 1995. From 1999 to 2000, he was the chair of the Nashville Area Chamber of Commerce. He belongs to The Business Council. With his father, Thomas F. Frist Sr., and Jack C. Massey, he co-founded the Hospital Corporation of America in 1968.
In 1977, he was appointed president of HCA, and in 1987, he was named chairman, president, and chief executive officer (CEO). He served as chairman in 1994, following the merger with Columbia, and as vice chairman in April 1995, following the merger with HealthTrust Inc. He returned to the company as chairman and CEO in 1997, following the resignation of Rick Scott, who later became Governor of Florida.
Until January 2001, he was chairman and CEO, and then chairman until January 2002. He co-founded the China Healthcare Corporation with Charles A. Elcan in 2008. They have commercial interests in Cixi, China. Okeechobee Hospital Inc. and Galen Of Florida Inc. are both run by him. He is the president of the aircraft company Tomco II LLC. Scott Mercy, chairman, and CEO of LifePoint Hospitals Inc. and chairman of America Service Group Inc., was killed in a car accident in 2000. Similarly, another aircraft belonging to Frist crashed in 2006.