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Acadia expands management team, names Jacobs CEO

March 18, 2011
by News release
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Nashville, Tenn. — Acadia Healthcare Co., a provider of psychiatric and chemical dependency services, has expanded its management team with the appointment of veteran behavioral healthcare executive Joey Jacobs as CEO.
Acadia Healthcare, a portfolio company of Waud Capital Partners (a Chicago-based private equity investment firm), was formed in 2005 to acquire, develop and operate a national network of behavioral healthcare facilities across the United States.

“We are excited that Joey Jacobs and his senior management team have joined Acadia to lead the next chapter of its growth and are fortunate to have the opportunity to partner with a team of this caliber,” said Chuck Edwards, principal at Waud Capital. “We believe their decision to join Acadia recognizes the quality of the platform developed by the existing team and evidences the promise that lies ahead for the company.”

Jacobs and the management team join Acadia from Psychiatric Solutions, Inc. Joining Acadia with Jacobs are Brent Turner, who will serve as Co-President alongside former Acadia CEO Trey Carter; Ron Fincher, COO; Jack Polson, CFO; and Chris Howard, who will serve as General Counsel. Karen Prince, former Acadia COO, will become the president of the eastern division.

“I am eager to continue building upon Acadia’s history of success providing high quality behavioral healthcare services to patients and their families, and I am fortunate to be surrounded by an exceptional management team with proven success in the industry,” said Joey Jacobs, CEO of Acadia.

Trey Carter, Co-President of Acadia, said, “I look forward to working with Joey Jacobs and his team in managing Acadia’s next stage of growth. I am certain that, together with our employees, we will continue to build upon the company’s strong foundation.”

“The expansion of Acadia’s management team exemplifies [Waud Capital's] investment style of partnering with highly experienced senior executives to build industry-leading companies," noted the firm's managing partner Reeve Waud. "We are confident that Joey and his team will build upon the standard of excellence Trey Carter established during his tenure as CEO of Acadia." For more information, visit

www.acadiahealthcare.com and

www.waudcapital.com.

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