Nashville, Tenn. — Joey Jacobs, former chairman, president and CEO of Nashville-based Psychiatric Solutions, Inc. (PSI) has been named as a member of the board of directors at Cumberland Pharmaceuticals, Inc., a Tennessee-based specialty pharmaceutical company.
A healthcare veteran with more than 30 years of industry experience, Jacobs co-founded PSI in 1997 and grew the company into a $2 billion behavioral healthcare system before its sale to Universal Health Services in 2010.
Prior to founding PSI, Jacobs spent 21 years at Hospital Corporation of America, where he served in various capacities, including president of its Tennessee Division.
In addition to serving as chairman of the Nashville Healthcare Council, he is a director for the Federation of American Hospitals, the National Association of Psychiatric Health Systems and the Monroe Carell, Jr. Children's Hospital at Vanderbilt.
"We are honored to welcome Joey to our board of directors," said Cumberland CEO A.J. Kazimi. "Throughout his career, he has maintained a strong focus on quality and growth while creating significant value for stakeholders. His hospital industry perspective, entrepreneurial insight and experience building a successful public healthcare company will be of tremendous value to Cumberland."
Jacobs' appointment was effective Jan. 1. He will serve as a Class I Director and hold office until Cumberland's 2011 annual shareholder meeting, at which time the company's Class I Directors will be elected for a term expiring in 2014.