Acadia Healthcare Names R. David Kelly to Board of Directors
June 28 2022 - 8:00AM
Business Wire
Adds Financial Advisory and Real Estate
Development Experience to Acadia Board
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced
that R. David Kelly has been appointed to serve as an independent
director on the Company’s Board of Directors.
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Acadia Healthcare Names R. David Kelly To
Board of Directors (Photo: Business Wire)
Kelly brings over 35 years of investment experience to Acadia,
having served public companies and private partnerships in the
financial advisory and real estate development sectors. He is the
founder and managing partner of StraightLine Realty Partners, an
alternative investment platform based in Dallas, Texas, with real
estate, financial services and venture capital holdings. Prior to
founding StraightLine Realty Partners, he was founder and partner
of Carleton Residential Properties, where he created one of the
largest residential developers and general contractors in the
Southwest. He previously held investment positions with Trammell
Crow Company, Goldman Sachs & Co., and Salomon Brothers.
From 2007 to 2017, Kelly served as a trustee and chairman of the
$197B Teacher’s Retirement System of Texas. From 2001 to 2006, he
was a gubernatorial appointee to the Texas Public Finance Authority
and served as chairman from 2002 to 2006.
Kelly also serves as founder, chairman and chief executive
officer of Croesus and Company, managing director and co-founder of
Serra Real Estate Capital, LLC, lead director of TCW Direct
Lending, lead director of Invesco’s INREIT real estate platform and
at-large director of Ashton Woods Homes.
Kelly actively contributes to organizations that support
education and children’s health. He serves Children’s Health, the
leading pediatric health care system in North Texas, as director of
the Children’s Medical Center Plano Governing Board and member of
the Children’s Health Investment and Finance committees. He also
serves on the Advisory Board of Sponsors for Educational
Opportunity.
Kelly graduated as a John Harvard Scholar in Economics from
Harvard University and completed a Master of Business
Administration at Stanford University Graduate School of
Business.
“We are delighted to welcome David Kelly to our Board of
Directors as an independent director,” said Reeve B. Waud, Chairman
of the Board of Acadia Healthcare. “His extensive experience in
financial advisory and real estate development will be invaluable
as we continue to extend our market reach through strategic
investments in both current and new facilities across the country.
His impressive history in government service and philanthropic
support of children’s health and education programs aligns well
with our corporate culture. We are confident he will make a
meaningful contribution to the work of the Acadia Board of
Directors, and we look forward to his insight as we continue to
execute our growth strategy.”
“It is a privilege and honor to join the Acadia Board of
Directors,” added Kelly. “Acadia plays an important role in
addressing the critical societal need for behavioral healthcare
services. I look forward to working with the leadership team and
other board members as we advance Acadia’s mission.”
About Acadia Healthcare Company, Inc.
Acadia is a leading provider of behavioral healthcare services
across the United States. As of March 31, 2022, Acadia operated a
network of 238 behavioral healthcare facilities with approximately
10,600 beds in 40 states and Puerto Rico. With more than 22,500
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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Gretchen Hommrich Vice President, Investor Relations (615)
861-6000
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