Acadia Healthcare Taps $197 Billion Asset Manager R. David Kelly for Strategic Board Leadership
Acadia Healthcare Company, Inc. has made a significant addition to its Board of Directors with the appointment of R. David Kelly as an independent director. This move comes as Acadia continues to expand its footprint in the behavioral healthcare sector, aiming to enhance its service offerings and operational capabilities.
R. David Kelly brings over 36 years of robust investment experience to Acadia. His career includes a diverse range of roles in public and private companies within the financial advisory and real estate development sectors. As the founder and managing partner of StraightLine Realty Partners, Kelly has developed an alternative investment platform that encompasses real estate, financial services, and venture capital. His previous endeavors include establishing Carleton Residential Properties, which grew into one of the largest residential developers in the Southwest. Kelly has also held prestigious investment roles at renowned firms, including Goldman Sachs and Salomon Brothers.
Beyond his corporate ventures, Kelly has an extensive history of public service. He served as a trustee and chairman of the Teacher’s Retirement System of Texas from 2007 to 2017, managing a substantial fund totaling $197 billion. Additionally, he was appointed by the governor to the Texas Public Finance Authority from 2001 to 2006, where he also held the position of chairman. Kelly’s career highlights and achievements can be viewed on his LinkedIn profile.
Acadia Healthcare stands as a leader in the behavioral healthcare industry, operating a vast network of facilities across the United States. With over 10,600 beds in various settings, Acadia is committed to providing vital services to approximately 70,000 patients daily. Kelly’s extensive background in financial advisory and real estate development is expected to provide valuable insight as the company continues to pursue strategic growth opportunities in both existing and new locations.
In his new role, Kelly aims to contribute meaningfully to Acadia’s mission of addressing the pressing need for behavioral healthcare services. He expressed enthusiasm about joining the board, highlighting the importance of Acadia’s role in the community. Kelly’s commitment to philanthropy, particularly in support of education and children’s health, aligns well with Acadia’s corporate culture. His dedication to community service can be seen through his involvement with organizations such as Children’s Health.
Reeve B. Waud, Chairman of the Board of Acadia Healthcare, welcomed Kelly’s appointment, noting that his experience will be instrumental in guiding the company through its growth strategy. Waud emphasized that Kelly’s background in both private enterprise and public service will enhance board discussions and decision-making processes. Kelly’s appointment was officially announced on Acadia’s news page.
As Acadia Healthcare continues to expand its operations, the insights and leadership of R. David Kelly are expected to play a crucial role in steering the company towards achieving its strategic objectives. With a focus on enhancing patient care and broadening its service offerings, Acadia is poised for continued growth in the behavioral healthcare landscape.
