Profil Financier
Forrest Preston occupe actuellement le rang #2572 du classement mondial StarFortune (secteur santé & biotech). Fortune nette estimée : $1.6 B (-$258 sur 24h).
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.