Forrest Preston

Forrest Lee Preston (born March 22, 1933) is an American billionaire businessman. He is the founder, owner, chairman and chief executive officer (CEO) of Life Care Centers of America, a long-term elderly care company that he founded in 1970.

Early life Forrest Lee Preston was born and raised 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.

He was educated at Walla Walla College and Oregon State University.

Career 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 in nearby Collegedale. 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.

Personal life Preston was married to Kathleen Marchant (1936–2017) until her death. He lives in Cleveland.