The aging populace has been a boon for Life Care Centers of America Inc., the third-largest nursing home operator in the U.S., and made Forrest Preston, the closely held company's founder and chairman, a billionaire.
"They've been like the little engine that could," John O'Connor, editorial director for long-term care magazine McKnight's, said in a phone interview. "Year after year, they've steadily gotten bigger and stronger. They really are titans within the field."
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