Thomas Frist net worth 2022: Thomas Fearn Frist Jr. is an American billionaire physician and businessman. He is a co-founder of HCA Healthcare, and the wealthiest person in Tennessee
Thomas Frist net worth and Biography
|Net Worth||$16 billion|
|Date of Birth||August 12, 1938|
|Occupation||co-founder of HCA Healthcare|
As of 2022, Thomas Frist net worth is valued at $16 billion. HCA Healthcare owns and operates 187 hospitals and around 2,000 sites of care in 20 states in the U.S. and U.K.
Thomas F. Frist Jr. was born on August 12, 1938. His father was Thomas F. Frist Sr., a prominent internal medicine specialist in Nashville. His mother was Dorothy Cate. He has four siblings: physician and former U.S. Senate Majority Leader Bill Frist; Dr. Robert A. Frist; Dorothy F. Boensch; and Mary F. Barfield.
Frist grew up in Belle Meade, a western suburb of Nashville. He attended Montgomery Bell Academy, a Nashville prep school for boys.
Frist graduated from Vanderbilt University and received an MD from Washington University in St. Louis. He was a member of the Vanderbilt chapter of Phi Delta Theta. He served as a flight surgeon in the United States Air Force.
In 1968, he co-founded the Hospital Corporation of America with his father, Thomas F. Frist Sr., and Jack C. Massey
In 1977, he became president of HCA and, in 1987, chairman, president and chief executive officer (CEO). He served as chairman in 1994, after the merger with Columbia, and after the merger with HealthTrust Inc. in April 1995, as vice chairman. He returned as chairman and CEO of the company in 1997 after the resignation of Rick Scott, who later became Governor of Florida.
He was chairman and CEO until January 2001 and chairman until January 2002. In 2006, he accepted $21 billion in private equity investments from Bain Capital, Kohlberg Kravis Roberts and Merrill Lynch and took HCA private. The deal valued HCA at $33 billion.
He holds the record for the biggest leveraged buyout of all time and biggest private equity–led IPO of all time. In 2009, he stepped down from the board of directors, and his son, Billy Frist, joined the board. Frist was replaced as Chairman by Jack Bovender.
From 1984 to 1995, he served on the Board of Directors of IBM. He was the chair of the Nashville Area Chamber of Commerce from 1999 to 2000.
He is a member of The Business Council. In 2008, he co-founded the China Healthcare Corporation with Charles A. Elcan. They have business interests in Cixi, China. He is president of Okeechobee Hospital Inc. and Galen Of Florida Inc.
Thomas Frist net worth
As of 2022, Thomas Frist net worth is valued at $16 billion.