In 2010, Byron DeFoor purchased 56 percent of outstanding shares of Millennium Bank located in Ooltewah, Tennessee, a suburb of Chattanooga. In conjunction with a local management team, the bank became profitable after three years of operating. DeFoor hopes to purchase five additional banks across the country over the next five years.
Byron DeFoor together with four partners formed a business to lend money to healthcare companies. Utilizing equity contributions arranged in large part by Mr. DeFoor, these five men organized the company that is now operated under the Contemporary Healthcare Capital umbrella and comprise a leadership team with significant experience in healthcare and healthcare finance industries. DeFoor plays an on-going role as senior advisor providing investment advice and strategy counsel for Contemporary Healthcare Capital, LLC.
Byron DeFoor started Fifty Plus Racing in 2012 with Brian Johnson, front man for the classic rock and roll band AC/DC, and a group of dedicated racers. The Fifty Plus Racing Foundation raises money to support research to fight Alzheimer’s Disease and to support the families of people who are living with Alzheimer’s Disease. The team competes on the IMSA racing circuit to raise awareness of Alzheimer’s Disease and to encourage others to contribute to the Fifty Plus Racing Foundation.
Focus Healthcare, from its inception in 1999, has been consistently backed by its owner, Byron DeFoor. The Focus Healthcare Group is proud to hold the reputation as a nationally recognized center of excellence for training, treatment, and advocacy in support of adults challenged by the spectrum of addiction disorders. Focus Healthcare operates one residential care facility in Chattanooga, TN along with two outpatient treatment centers in Knoxville, TN and Memphis, TN.
Grace Healthcare, LLC was founded in 1995 by Byron DeFoor for the purpose of owning/managing skilled nursing, assisted living and rehabilitation facilities.
The company has enjoyed continued growth and currently operates 43 facilities in 11 states. The facilities managed by Grace have approximately 6,000 employees. Grace Healthcare is committed to providing superior quality health care services in a clean, comfortable, and safe environment with a goal to provide each resident with the opportunity to achieve their highest potential.
The Embassy Suites at Hamilton Place is located in the dynamic eastern suburbs of Chattanooga, Tennessee. Beginning in 2012, Byron DeFoor in conjunction with Legacy Properties, as the management company, began construction of the new 203 key Embassy Suites of Chattanooga. The hotel opened in June 2013 and has experienced much success ever since. The hotel was the recipient of the Embassy brand’s “Hotel of the Year” award for 2014 along with being named to Expedia Insiders’ Select list for 2013-2015. The hotel features a Ruth’s Chris Steakhouse restaurant, which is the first upscale steakhouse in the metro area.