Forrest Preston
$1.6B
Born
Mar 22, 1933
Age
92
Source of Wealth
Health care
Residence
Cleveland, Tennessee
Citizenship
United States
Marital Status
Married
Children
4
Education
Oregon State University; Walla Walla College
- Forrest Preston founded Life Care Centers of America in 1970 and has since made a fortune with facilities that house and care for the elderly.
- The private firm operates over 200 nursing homes, assisted living facilities and retirement living communities in 27 states.
- Preston is the CEO and sole owner of the company, which is based in Cleveland, Tennessee.
- In 2016, the company agreed to pay $145 million to settle a government lawsuit alleging that the firm had over-billed federal healthcare programs.
- In February 2020, an LCCA facility in Seattle became the epicenter of Washington's Covid-19 outbreak as nursing homes across the country struggled.
- Before founding the company, Preston sold vacuum cleaners, worked as an X-ray technician and ran a printing business with his brother.
- His first facility, formerly called Garden Terrace Convalescent Center, is still open today in Cleveland, Tennessee.
| Exchange | Ticker | Company Name | Number Of Shares | Share Price | Currency Code |
|---|