Forrest Preston

About Forrest Preston

Birth Day: March 22, 1933
Birth Place: Cleveland, Tennessee, United States
Residence: Cleveland, Tennessee, US
Alma mater: Walla Walla College Oregon State University
Spouse(s): Kathleen Marchant

Forrest Preston

Forrest Preston was born on March 22, 1933 in Cleveland, Tennessee, United States. Forrest Preston made a fortune capitalizing on America's aging population. His privately held Life Care Centers of America brought in an estimated $3 billion in 2015 revenue from nursing homes, assisted living facilities and retirement living communities in 28 states. He founded the business in 1970 and remains its sole owner. In October 2016, the company agreed to pay $145 million to settle a government lawsuit alleging that the firm had knowingly over-billed Medicare and another federal healthcare program. The litigation stemmed from whisteblower complaints filed by two former Life Care employees in 2008. The has company denied any wrongdoing. Preston also has a stake in Luken Communications, owner of seven broadcast networks, which exited bankruptcy in October 2014. Preston lives in Cleveland, Tenn., where Life Care is based. Before founding the company, he sold vacuum cleaners, worked as an X-ray technician and ran a printing business with his brother.
Forrest Preston is a member of Healthcare

Does Forrest Preston Dead or Alive?

As per our current Database, Forrest Preston is still alive (as per Wikipedia, Last update: May 10, 2020).

🎂 Forrest Preston - Age, Bio, Faces and Birthday

Currently, Forrest Preston is 88 years, 0 months and 25 days old. Forrest Preston will celebrate 89rd birthday on a Tuesday 22nd of March 2022. Below we countdown to Forrest Preston upcoming birthday.

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Popular As Forrest Preston
Occupation Healthcare
Age 87 years old
Zodiac Sign Aries
Born March 22, 1933 (Cleveland, Tennessee, United States)
Birthday March 22
Town/City Cleveland, Tennessee, United States
Nationality United States

🌙 Zodiac

Forrest Preston’s zodiac sign is Aries. According to astrologers, the presence of Aries always marks the beginning of something energetic and turbulent. They are continuously looking for dynamic, speed and competition, always being the first in everything - from work to social gatherings. Thanks to its ruling planet Mars and the fact it belongs to the element of Fire (just like Leo and Sagittarius), Aries is one of the most active zodiac signs. It is in their nature to take action, sometimes before they think about it well.

🌙 Chinese Zodiac Signs

Forrest Preston was born in the Year of the Rooster. Those born under the Chinese Zodiac sign of the Rooster are practical, resourceful, observant, analytical, straightforward, trusting, honest, perfectionists, neat and conservative. Compatible with Ox or Snake.

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Biography/Timeline

1936

Preston was married to Kathleen Marchant (1936-2017) until her death. He lives in Cleveland. His residence is located in the Anatole subdivision off of U.S. 11 near the residence of fellow businessman Allan Jones. He is of the Baptist faith, and attends First Baptist Church in Cleveland.

1950

Preston moved to Cleveland, Tennessee in the late 1950s a few years after his brother Winton Russell Preston, who had come to study at Southern Missionary College, now Southern Adventist University in nearby Collegedale.

1970

In 1970, Preston founded Life Care Centers of America in Cleveland, and is the sole owner, chairman and CEO. It later grew to be the largest privately owned long term care facility chain and the third largest privately owned long-term care facility in the United States.

1972

Together with his brother Winton, he co-founded a company called Hospital Publications to create patient booklets and public relations materials for hospitals, and the company operated until 1972. The idea had come from his work in hospitals, where he concluded that there was a need for better public relations in the Health care system. Through this Business, he observed the conditions of elderly patients in hospitals, and concluded that there was a need for better long term care.

1994

Forrest Lee Preston was born and grew up in Massachusetts, the son of a Seventh-day Adventist pastor Father, Benjamin M. Preston and his wife Ethel Preston. His Father died in 1994, and Preston endowed the Benjamin M. Preston scholarship at Atlantic Union College, of which his Father was an alumnus.

2015

As of September 2015, he had a net worth of US$2.1 billion.

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