The Hospital Corporation of America (HCA) is the largest private operator of health care facilities in the United States. It is based in Nashville, Tennessee, United States and is widely considered to be the single largest factor in making that city a hotspot for healthcare enterprise.
The founders of HCA included two members of the Frist family, which became very wealthy as a result. The former majority leader of the U.S. Senate, Bill Frist is a...
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The Hospital Corporation of America (HCA) is the largest private operator of health care facilities in the United States. It is based in Nashville, Tennessee, United States and is widely considered to be the single largest factor in making that city a hotspot for healthcare enterprise.
The founders of HCA included two members of the Frist family, which became very wealthy as a result. The former majority leader of the U.S. Senate, Bill Frist is a member of the family but sold all his HCA shares in 2005. Most of his $20 million (or more) personal fortune was made through his holdings in HCA. Richard M. Bracken is the Chief Executive Officer of HCA.
During the 1970s-1980s the corporation went through a tremendous growth period acquiring hundreds of hospitals across the United States which numbered 255 owned and 208 which HCA managed.
In 1989, the hospital operator was acquired for $5.3 billion in a management buyout led by Chairman Thomas J. Frist and completed a successful initial...
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