Early Life
Forrest Lee Preston was born on March 22, 1933, in Massachusetts. He grew up in a religious household as his father was a Seventh-day Adventist pastor. He was educated at Walla Walla College and Oregon State University. Initially, he intended to become a medical doctor and became a certified X-Ray technician.
Rise to Success
In the late 1950s, Preston moved to Cleveland, Tennessee. There, he co-founded Hospital Publications with his brother Winton Russell Preston. The company created patient booklets and public relations materials for hospitals. Through this business, he observed the conditions of elderly patients in hospitals and identified the need for better long-term care. In 1970, Preston founded Life Care Centers of America in Cleveland, and is the sole owner, chairman and CEO.
Key Business Strategies
Life Care Centers of America has grown to become one of the largest privately-owned long-term care facility chains in the U.S. Preston’s key business strategy involved focusing on the resident as the highest priority and providing comprehensive care services. Under his leadership, the company expanded significantly, with over 200 facilities across 27 states.
Philanthropy
While specific details on Forrest Preston's philanthropic amounts are not readily available, he is known for his philanthropy and has donated to various causes, including education, healthcare, and the arts.
