R. David Kelly’s Journey from Southwest Development Giant to Acadia Healthcare’s Independent Director
R. David Kelly, a seasoned investment professional with over 35 years of experience, has recently been appointed as an independent director on the Board of Directors of Acadia Healthcare Company, Inc. His extensive background across public companies and private partnerships in financial advisory and real estate development sectors positions him uniquely to contribute to the strategic initiatives of Acadia Healthcare, a leader in behavioral healthcare services.
Kelly has a notable history of leadership and governance, having served in various high-profile roles, including as the founder and managing partner of StraightLine Realty Partners. This alternative investment platform specializes in real estate, financial services, and venture capital, demonstrating Kelly’s multifaceted expertise. His career also includes significant tenures at Trammell Crow Company, Goldman Sachs & Co., and Salomon Brothers, where he honed his skills in investment management and advisory services.
Kelly’s appointment comes at a pivotal time for Acadia Healthcare, as the company seeks to expand its market presence and enhance its service delivery across the United States. Reeve B. Waud, the Chairman of the Board, expressed confidence in Kelly’s capabilities, stating that his experience will be invaluable as the organization continues to grow through strategic investments in both existing and new facilities.
Kelly’s leadership credentials extend beyond the realm of investment. He served as the chairman of the $197 billion Teacher’s Retirement System of Texas from 2007 to 2017, where he oversaw substantial growth in fund value during his tenure. His governance experience also includes a directorship with the Texas Public Finance Authority, where he held the position of chairman from 2002 to 2006.
In addition to his corporate roles, Kelly is deeply committed to philanthropy and community service. His Crunchbase profile notes his active involvement with Children’s Health in North Texas, serving on the Governing Board of the Children’s Medical Center Plano and participating in the organization’s Investment and Finance Committees. His dedication to education and healthcare further aligns with Acadia Healthcare’s mission to address critical societal needs in behavioral health.
Kelly’s academic background is equally impressive; he graduated as a John Harvard Scholar in Economics from Harvard University and holds an M.B.A. from the Stanford University Graduate School of Business. His educational credentials complement his practical experience, allowing him to approach challenges with a well-rounded perspective.
As Acadia Healthcare continues to operate 238 behavioral healthcare facilities across 40 states and Puerto Rico, with approximately 10,600 beds and a workforce of over 22,500 employees, Kelly’s insights into governance and strategic planning will be crucial in steering the organization through evolving industry challenges and opportunities.
In summary, R. David Kelly’s appointment to the Board of Directors at Acadia Healthcare signifies the company’s commitment to enhancing its leadership team with experienced professionals. His multifaceted expertise, combined with a strong commitment to community service and education, is set to make a meaningful impact as Acadia strives to fulfill its mission of providing comprehensive behavioral healthcare services across the nation. Learn more about Kelly’s achievements in this bizjournals.com article.
