Forrest Preston
Overview
- Source of Wealth
- Health care
- Industry
- Healthcare
- Residence
- Cleveland, Tennessee
- Education
- Oregon State UniversityWalla Walla College
- Marital Status
- Married
- Children
- 4
Biography
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.
About
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.