Acadia Healthcare Names David Keys as Chief Development Officer
October 11 2021 - 1:30PM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced
that David M. Keys, CFA, has been named Chief Development Officer.
Keys will focus on mergers & acquisitions, de novo development
and expansion opportunities.
Keys has been active in the healthcare services market for
nearly two decades, including more than 15 years in investment
banking and mergers and acquisitions advisory work. Prior to
joining Acadia, he covered behavioral health and several physician
practice management sectors as a managing director for Truist
Securities, Inc., which he joined following the merger of SunTrust
and BB&T. Prior to the merger, Keys was a managing director and
head of healthcare investment banking for BB&T Capital Markets
after having previously launched the healthcare advisory group at a
Richmond-based boutique investment bank. Earlier in his career, he
was an investment banker at Harris Williams & Co. and Piper
Jaffray.
In addition to advisory work within the substance use disorder,
eating disorder and at-risk-youth sectors, Keys was a co-founder of
Creswell Partners, where he and his partners established
Averhealth, a leading provider of substance use disorder treatment
monitoring, care management and related support services to
individuals on behalf of criminal justice systems and judicial
treatment programs.
Keys earned a bachelor's degree from the University of North
Carolina and an MBA from the University of Chicago Booth School of
Business.
“David Keys is a respected healthcare expert with extensive
experience leading strategic growth programs across the entire
healthcare spectrum,” said Debbie Osteen, Chief Executive Officer
of Acadia Healthcare Company. “He brings unique talents to Acadia
through his previous work in investment banking, advisory and
development. As demand for our behavioral health services continues
to increase, we will pursue best-in-class transactions and
strategic partnerships to meet the needs of the communities we
serve across the United States and Puerto Rico. We look forward to
working together as we execute Acadia’s growth strategy.”
“I am thrilled to join Acadia at a time when increased
recognition of the need for behavioral health services is directly
leading to expansion opportunities,” said Keys. “Whether through
strategic acquisitions, de novo openings or facility expansions, I
am proud to join a team that is focused on providing high quality
patient care while delivering results through both a growth- and
returns-oriented framework.”
About Acadia
Acadia is a leading provider of behavioral healthcare services
across the United States. As of June 30, 2021, Acadia operated a
network of 229 behavioral healthcare facilities with approximately
10,100 beds in 40 states and Puerto Rico. With more than 20,000
employees serving approximately 70,000 patients daily, Acadia is
the largest stand-alone behavioral health company in the U.S.
Acadia provides behavioral healthcare services to its patients in a
variety of settings, including inpatient psychiatric hospitals,
specialty treatment facilities, residential treatment centers and
outpatient clinics.
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version on businesswire.com: https://www.businesswire.com/news/home/20211011005604/en/
Gretchen Hommrich Director, Investor Relations (615)
861-6000
Acadia Healthcare (NASDAQ:ACHC)
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