Health Care Hall of Fame Past Inductees
Thomas F. Frist Jr.
Inducted in 2003
Thomas F. Frist Jr., who in 1968 co-founded the Hospital Corporation of America with his father Thomas F. Frist Sr., helped transform Nashville into the for-profit healthcare destination that it is today. Together, the Frists were the first father and son combination to both be enshrined in the Healthcare Hall of Fame. In 1969, when the company had 11 hospitals, it filed its initial public offering. By the end of the year, Hospital Corporation of America had 26 facilities. It was only the beginning. Under Frist's leadership, the company now known simply by three letters—HCA—has become a private company three times in its history. The most recent occurred in 2006 when the company was acquired by a private investment group. The total value of that transaction was $33 billion, which at the time was the largest leveraged buyout in history.In 1982, the Frists started the HCA Foundation, now known as the Frist Foundation, which invests in not-for-profit organizations in Nashville. In 2008, the foundation contributed more than $8 million to the community.