Acadia Healthcare Company, Inc., a leading provider of behavioral healthcare services in the United States, has announced the appointment of R. David Kelly as an independent director on its Board of Directors. This strategic addition, as reported by Business Wire, is expected to bolster Acadia’s commitment to enhancing its market reach and operational effectiveness in the behavioral healthcare sector.
R. David Kelly boasts over 35 years of extensive experience in investment, particularly within the realms of financial advisory and real estate development. As the founder and managing partner of StraightLine Realty Partners, based in Dallas, Texas, Kelly has established an alternative investment platform that encompasses real estate, financial services, and venture capital holdings. His impressive career trajectory, as outlined by Crunchbase, includes pivotal roles at notable firms such as Goldman Sachs & Co. and Salomon Brothers, and the founding of Carleton Residential Properties, which became one of the largest residential developers and general contractors in the Southwest.
Kelly’s contributions extend beyond the private sector; he has a rich history of service in public finance and pension management. From 2007 to 2017, he served as a trustee and chairman of the Teacher’s Retirement System of Texas, managing assets exceeding $197 billion. Additionally, Kelly was a gubernatorial appointee to the Texas Public Finance Authority from 2001 to 2006, where he also held the position of chairman. His detailed profile can be found on Invesco’s website.
Acadia Healthcare announced the appointment in a press release, sharing that Kelly’s investment acumen, coupled with his experience in managing complex financial structures, aligns perfectly with Acadia’s ambitions to expand its portfolio of behavioral healthcare facilities across the nation. Reeve B. Waud, Chairman of the Board of Acadia Healthcare, expressed enthusiasm regarding Kelly’s appointment, highlighting his extensive background in financial advisory and real estate development as invaluable assets to the company.
Kelly’s involvement in community service, specifically within education and children’s health, is also well documented. Amongst other initiatives, he actively serves on the governing board of the Children’s Medical Center Plano and takes part in various committees that support pediatric health initiatives. This information can be verified through his F6S profile. His passion for community service complements Acadia Healthcare’s corporate culture, emphasizing community impact and the provision of essential healthcare services.
The addition of R. David Kelly into Acadia Healthcare’s Board of Directors marks a significant milestone for the company. His strong foundation in investment and community service aligns well with Acadia’s mission of providing high-quality behavioral healthcare across the United States.