Acadia Healthcare Names New Chief Development Officer, Plans to Pursue Best-in-Class Transactions and Partnerships

Acadia Healthcare (Nasdaq: ACHC) has added to its executive ranks, with the behavioral health provider naming David Keys as its chief development officer.

Keys comes to Acadia from Truist, where he was the managing director of health care investment banking for the financial services company. In his new position with Acadia, Keys will focus on mergers and acquisitions (M&A), de novo development and expansion opportunities.

“I am thrilled to join Acadia at a time when increased recognition of the need for behavioral health services is directly leading to expansion opportunities,” Keys said in a press release. “Whether through strategic acquisitions, de novo openings or facility expansions, I am proud to join a team that is focused on providing high quality patient care while delivering results through both a growth- and returns-oriented framework.”


Keys was previously a managing director of health care M&A for BB&T Capital Markets before the company combined with SunTrust in 2019 to form Truist. He has also worked in health care analyst roles for Matrix Capital Markets Group, Piper Jaffray and Harris Williams & Co., along with being a co-founder of the venture capital and private equity firm Cresswell Partners, which created the drug testing company Averhealth.

“[Keys] brings unique talents to Acadia through his previous work in investment banking, advisory and development,” Acadia CEO Debbie Osteen said in the press release. “As demand for our behavioral health services continues to increase, we will pursue best-in-class transactions and strategic partnerships to meet the needs of the communities we serve across the United States and Puerto Rico. We look forward to working together as we execute Acadia’s growth strategy.”

In addition to Keys, Acadia has named J.L. Osei Mevs as its vice president of government relations.


Mevs arrives at Acadia from the American Hospital Association, where he was a regional executive for the industry group. He has also served as the president of workforce solutions company Maxx Content, along with having prior roles with LifePoint Health, MedStar Health and Meharry Medical College.

At Acadia, Mevs will oversee the company’s government relations, as well as its public policy functions and strategies.

“We are very pleased to have Osei join Acadia’s management team in this important role,” Osteen said in the separate press release announcing Mevs’ hiring. “His extensive experience in government relations and public policy and deep understanding of the healthcare industry make him an ideal addition to our team. He is a respected healthcare leader, and we are confident we will benefit from his expertise in effectively communicating our key strategic priorities.”

The hires of Keys and Mevs follow Osteen’s announcement last week that she was retiring from Franklin, Tennessee-based Acadia, which has 229 facilities in 40 states and Puerto Rico.

The retirement of Osteen, who has been Acadia’s CEO since 2018, is scheduled to become effective early next year. She will continue to serve on Acadia’s board of directors and assist in the selection of the company’s next CEO.

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