Heir to Hospital Corp. of America co-founders buys Palm Beach home for $8M

Miami /
Jun.June 15, 2016 04:45 PM

Thomas F. Frist III, the grandson of billionaire Hospital Corp. of America co-founder paid $7.9 million for a Palm Beach home.

Records show Frist and his wife Julie bought the 5,227-square-foot home at 242 Tangier Avenue.

Thomas Frist is the grandson of Thomas F. Frist, one of three co-founders of HCA, the publicly traded for-profit operator of health care facilities. Frist II, also a billionaire, was chairman of the company and also a cofounder. He’s also the richest person in Tennessee with a net worth of more than $8 billion.

The buyer, Thomas Frist III, is the founder and managing principal of the investment firm Frist Capital.

The Frists’ new five-bedroom home includes a hand-carved spiral staircase, library, dining room, den with walnut hardwood floors and a custom kitchen with white cabinets, marble countertops and high-end appliances. While it includes a pool and spa, the property is not on the water.

Senie Bloys, of the Fite Group, brokered the sale, according to Redfin. Bloys was also the seller. Property records show it last traded for $4.2 million in 2011. The house across the street at 243 Tangier Avenue was previously owned by a Bernie Madoff investor.

HCA’s revenue for 2015 was nearly $40 billion, according to published reports. The company, which previously employed Florida Governor Rick Scott as its chairman and CEO, operates more than 165 hospitals and 110 freestanding surgery centers.


Related Articles

arrow_forward_ios
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
DLocal founder Andres Bzurovski with the Porsche Design Tower penthouse (DLocal)
Uruguayan fintech billionaire buys penthouse at Porsche Design Tower
Uruguayan fintech billionaire buys penthouse at Porsche Design Tower
Thomas Iovino and the Palm Beach property (Iovino via LinkedIn, Brown Harris Stevens via Realtor)
Construction chief buys flipped Palm Beach spec mansion for $18M
Construction chief buys flipped Palm Beach spec mansion for $18M
Tommy Hilfiger and his wife Dee Ocleppo Hilfiger with the Palm Beach location (Google Maps, Getty)
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
Todd Michael Glaser with 10 Tarpon Isle (Todd Michael Glaser)
Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
Moving on up: Wealth manager upgrades to $15M Palm Beach home
Moving on up: Wealth manager upgrades to $15M Palm Beach home
Moving on up: Wealth manager upgrades to $15M Palm Beach home
David Salomon and 229 Ridgeview Drive, Palm Beach (Google Maps)
Wealth manager sells Palm Beach house for $9M
Wealth manager sells Palm Beach house for $9M
Gigi and Averell Mortimer and 255 El Pueblo Way, Palm Beach (Getty, Google Maps)
Averell and Gigi Mortimer buy Palm Beach home for $7M
Averell and Gigi Mortimer buy Palm Beach home for $7M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...