Thomas Frist, Jr.

About Thomas Frist, Jr.

Birth Day: August 12, 1938
Birth Place: Nashville, Tennessee, United States
Birth Sign: Virgo
Residence: Belle Meade, Tennessee, U.S.
Education: Vanderbilt University; Washington University in St. Louis
Occupation: Businessman
Spouse(s): Patricia C. Frist
Children: 2 sons (Thomas F. Frist, III and William R. Frist), 1 daughter (Patricia Frist Elcan)
Parent(s): Thomas F. Frist Sr.
Relatives: Bill Frist (brother) Charles A. Elcan (son-in-law)

Thomas Frist, Jr. Net Worth

Thomas Frist, Jr. was bornon August 12, 1938 in Nashville, Tennessee, United States. Thomas Frist Jr., a former Air Force flight surgeon, founded Hospital Corp. of America with his father in 1968. He took it public for the third time in 2011 after two management buyouts. Frist Jr. doesn't have an executive position at HCA, but his sons Thomas III and William are board members. HCA owns and operates over 170 hospitals in 20 U.S. states and London. In April 2016, HCA settled a shareholder lawsuit for $215 million stemming from the 2011 IPO, and also agreed to review its governance structure.
Thomas Frist, Jr. is a member of Health care

💰 Net worth: $10.1 Billion (Updated at 22 June 2018)

2009 $2 Billion
2010 $3.6 Billion
2011 $2.8 Billion
2012 $4 Billion
2013 $5 Billion
2014 $7.6 Billion
2015 $8.7 Billion
2016 $7.9 Billion
2017 $8.8 Billion
2018 $9.77 Billion

Some Thomas Frist, Jr. images

Famous Quotes:

You always win when you surround yourself with good people.

Biography/Timeline

1938

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.

1956

Frist grew up in Belle Meade on the west side of Nashville. He attended Montgomery Bell Academy, a Nashville prep school for boys. In 1956, Frist played quarterback for MBA's state championship football team. Frist's halfback on the team was Frank Drowota, who became the chief Justice of the Tennessee Supreme Court. Frist graduated from Vanderbilt University and received an MD from Washington University in St. Louis. He was a brother of the Vanderbilt chapter of Phi Delta Theta. He served as a FLIGHT surgeon in the United States Air Force.

1968

In 1968, he co-founded the Hospital Corporation of America with his Father, Thomas F. Frist Sr., and Jack C. Massey.

1977

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.

1984

From 1984-95, he served on the board of Ddirectors of IBM. He was the chair of the Nashville Area Chamber of Commerce from 1999-2000. He is a member of The Business Council. In 2008, he co-founded the China Health care Corporation with Charles A. Elcan. They have Business interests in Cixi, China. He is President of Okeechobee Hospital Inc. and Galen Of Florida Inc.

1995

He was inducted into the Health care Hall of Fame. He served as vice President of the Vanderbilt University board of trust from 1995 to 1997. He is a recipient of the distinguished graduates award of Vanderbilt University. He is chairman of the Frist Foundation and the Frist Center for the Visual Arts. He is a member of the Nashville Public Library Foundation.

1996

He was a co-founder of the United Way Alexis de Tocqueville Society. He also served as chair of the board of governors for United Way of America. The Dr. Thomas F. Frist Jr. Excellence in Volunteer Leadership Award of the United Way was established in 1996. In 2012, he received the United Way Lifetime Achievement Award.

2000

Frist is President of Tomco II LLC, an aircraft company. In 2000, Scott Mercy, chairman and CEO of LifePoint Hospitals Inc. and chairman of America Service Group Inc., died in a crash. Similarly, in 2006, another aircraft belonging to Frist crashed.

2001

He was chairman and CEO until January 2001 and chairman until January 2002. In 2006, he took private equity Investments in Bain Capital, Kohlberg Kravis Roberts and Merrill Lynch for $21 billion. He holds the record for the biggest leveraged buyout of all time and biggest PE-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.