Acadia Healthcare Company, Inc. has announced the appointment of R. David Kelly as an independent director on its Board of Directors. With over 35 years of extensive investment experience, Kelly’s expertise spans multiple sectors, including financial advisory and real estate development, making him a valuable addition to the company.
Kelly’s career has been marked by significant achievements in both public and private companies. As the founder and managing partner of StraightLine Realty Partners, an alternative investment platform based in Dallas, Texas, he has cultivated a diverse portfolio that includes real estate, financial services, and venture capital holdings. More details about his career can be found on Crunchbase. Prior to establishing StraightLine Realty Partners, he co-founded Carleton Residential Properties, which has become one of the largest residential developers and general contractors in the Southwest. His prior experience also includes investment roles with prominent firms such as Trammell Crow Company, Goldman Sachs & Co., and Salomon Brothers.
In addition to his corporate roles, Kelly has demonstrated a strong commitment to public service. From 2007 to 2017, he served as a trustee and chairman of the Teacher’s Retirement System of Texas, overseeing a significant fund valued at approximately $197 billion. His leadership extended to the Texas Public Finance Authority, where he was a gubernatorial appointee from 2001 to 2006, serving as chairman during a pivotal period.
Kelly’s appointment at Acadia Healthcare is expected to enhance the company’s strategic focus. As one of the leading providers of behavioral healthcare services in the United States, Acadia operates a network of 238 facilities, offering approximately 10,600 beds across 40 states and Puerto Rico. The company caters to around 70,000 patients daily, providing services in various settings, including inpatient psychiatric hospitals and outpatient clinics.
Reeve B. Waud, Chairman of the Board of Acadia Healthcare, expressed enthusiasm about Kelly joining the board. He noted that Kelly’s extensive experience will be instrumental as Acadia seeks to expand its market reach through strategic investments. Waud emphasized that Kelly’s impressive history in government service and philanthropic initiatives, particularly in children’s health and education, aligns well with Acadia’s corporate culture and mission.
In a statement regarding his new role, Kelly expressed his honor at joining Acadia’s Board of Directors. He acknowledged the critical societal need for behavioral healthcare services and affirmed his commitment to collaborating with the leadership team and fellow board members as they work towards advancing Acadia’s mission.
As Acadia Healthcare continues to navigate the evolving landscape of behavioral healthcare, the inclusion of R. David Kelly on its Board of Directors represents a strategic move to leverage his wealth of knowledge and experience. His extensive background in investments and public service positions him to make significant contributions that will enhance Acadia’s operations and impact in the communities it serves.
With Kelly’s appointment, Acadia Healthcare is poised to further strengthen its position as a leader in the behavioral healthcare sector while remaining dedicated to addressing the pressing needs of its patients and their families. Learn more about Kelly’s contributions and impact through F6S.