Background
Massey was born in 1904 in Tennille, Georgia.
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Jack Carroll
Edit ProfileEducation
He graduated with a degree in pharmacy from the University of Florida.
Career
Massey began his business career working as a delivery boy in his uncle"s drugstore. He then received a pharmacist"s license when he was 19 and bought his first drugstore when he was 25. He built the store into a pharmacy chain, selling it six years later.
After that, in 1961, he entered the surgical supply business.
He sold that business to the Associate of Science Aloe division of the Brunswick Corporation for $1 million. Massey embarked on a rapid expansion program, growing the business to approximately 3,500 franchises and grossing $700 million in annual revenue.
Seven years later he sold the company for $239 million. In 1968, Massey founded Hospital Corporation of America with Thomas F. Frist, Senior and Thomas F. Frist, Junior.
The company became the nation"s largest chain of for-profit hospitals and Massey left active management in 1978.
Massey transformed Winners Corporation, one of the largest franchisees of Wendy"s hamburger outlets into a major fast-food franchise operation. Finally, he listed Volunteer Capital Corporation (a holding company of Wendy"s Restaurant fast food franchises) on the New York Stock Exchange. Massey was an initial investor in the Corrections Corporation of America in the 1980s.
On November 1, 2005, Belmont University honored him and his family who donated $1 Million Gift to endow a Financial Trading Room named in his honor.
The Jack C. Massey Graduate School of Business at Belmont University is named in his honor. The University of Florida has named the Jack C. Massey Professorship Fund for him.
He died on February 15, 1990 in Palm Beach, Florida.
Achievements
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Born
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Died
February 15, 1990 (aged 85) -
Nationality
United States