Board of Directors

Reeve B. Waud, Chairman

Reeve B. Waud, Chairman, has served as a director of Acadia (and was Chairman of its predecessor Acadia Healthcare Company, LLC) since December 2005. Mr. Waud formed WCP in 1993 and has served as the Managing Partner of WCP since that time. Prior to founding WCP, Mr. Waud was an investment professional at Golder, Thoma, Cressey, Rauner, Inc. (“GTCR”), a private equity investment group based in Chicago, Illinois. Before joining GTCR, Mr. Waud was in the Corporate Finance Group of Salomon Brothers Inc and was a founding member of its Venture Capital Group. Mr. Waud is a Trustee, Chairman of the Audit and Risk Committee and a member of the Executive Committee of St. Paul’s School in Concord, New Hampshire and is a member of the Executive Committee and Chairman of the Finance and Audit Committee of the John G. Shedd Aquarium. He is a member of the Northwestern Memorial HealthCare (NMHC) Finance Committee which oversees the finances of NMHC and its 7 hospitals, more than 24,000 employees and approximately $9.5 billion of assets. He is a Trustee of the Art Institute of Chicago and serves on its Finance Committee and serves as the Vice Chairman and a member of the Executive Committee of The Economic Club of Chicago. In addition, Mr. Waud is the Chairman of the Illinois State Police Merit Board which has oversight responsibility for the State Police. He was appointed by the Governor of Illinois and confirmed by the Senate.

Jason R. Bernhard, Director

Jason R. Bernhard, Director, has served as a director of Acadia since December 2019. He currently serves as Chief Operating Officer, Financial Advisory North America and is a Managing Director, Head of North America Healthcare Investment Banking at Lazard. Mr. Bernhard was involved in the creation of Lazard’s healthcare initiatives including the firm’s biotechnology and healthcare services practices. His background also includes more than 30 years of experience advising a broad range of healthcare clients on domestic and cross-border mergers, acquisitions, divestitures, joint ventures and other corporate finance transactions. Prior to joining Lazard in 1997, Mr. Bernhard was Vice President, Mergers and Acquisitions, at Citigroup (formerly Smith Barney). He also worked as an analyst/associate with Merrill Lynch in New York, London and Hong Kong. Mr. Bernhard earned a Bachelor of Arts in European history, cum laude, from the University of Pennsylvania in 1988 and went on to earn an MBA with a concentration in finance and accounting from The Wharton School at the University of Pennsylvania in 1993.

E. Perot Bissell, Director

E. Perot Bissell, Director, has served as a director of Acadia since April 2013. Since 2012, Mr. Bissell has been the Vice Chairman of Maxum Enterprises, LLC. From 2006 to 2012, he served as Chief Executive Officer for Maxum Petroleum, Inc., an independent energy logistics company. Prior to that, Mr. Bissell was a Partner of Northwest Capital Appreciation, Inc., a merchant banking and private equity firm, and before that, the Co-Managing Partner and Chief Financial Officer of SLP Capital, a specialty finance company. Our Board believes that Mr. Bissell is qualified to serve as a director because of, among other things, his extensive corporate finance background and his general business and financial acumen. Mr. Bissell currently serves on the board of directors of Maxum Enterprises, LLC and previously served on the board of ASG Security, LLC, Maxum Petroleum, Inc., SLP Capital and SPI Petroleum, LLC, all private companies. Mr. Bissell also serves on a number of charitable boards.

Vicky Gregg, Director

Vicky Gregg, Director, has served as a director of Acadia since May 2016. Since November 2014, Ms. Gregg has served as a Co-Founder and Partner of Guidon Partners, an investor and consultant for an array of privately held healthcare companies. She was previously with BlueCross BlueShield of Tennessee (BCBST), which she joined in 1995 and which she served as Chief Executive Officer from January 2003 through the end of 2012. During this period, she was appointed by Senate Majority Leader Bill Frist to the National Institutes of Health Commission on Systemic Interoperability; served on the Board of America’s Health Insurance Plans, including two years as Chairman; served on the Board of the BlueCross BlueShield Association; was Chairman of the Board of the National Institute of Healthcare Management; and was appointed by Governor Bill Haslam to the University of Tennessee Board of Trustees. Prior, to BCBST, Ms. Gregg was with Humana Health Plans, most recently as CEO for Kentucky, Ohio and Southern Indiana, as well as Director of Marketing for Retirement Centers of America. She began her career as a nurse technician at Erlanger Regional Medical Center and became a Staff Nurse in Emergency Medicine, as well as a Clinical Nurse Specialist in Erlanger’s End Stage Renal Disease Program. Ms. Gregg also serves on the Board of Directors of Quest Diagnostics.

William F. Grieco, Director

William F. Grieco, Director, has served as a director of Acadia since November 2011 and as a director of PHC since February 1997. Since 2008, Mr. Grieco has served as the Managing Director of Arcadia Strategies, LLC, a legal and business consulting organization servicing healthcare, science and technology companies. From 2003 to 2008, he served as Senior Vice President and General Counsel of American Science and Engineering, Inc., an x-ray inspection technology company. From 2001 to 2002, he served as Senior Vice President and General Counsel of IDX Systems Corporation, a healthcare information technology company. Previously, from 1995 to 1999, he was Senior Vice President and General Counsel for Fresenius Medical Care North America, a dialysis service and products company. Prior to that, Mr. Grieco was a partner at Choate, Hall & Stewart, a general service law firm. Since February 2011, Mr. Grieco has been a member of the board of directors of Echo Therapeutics Inc., a medical device and specialty pharmaceutical company. From February 1997 until November 2011, Mr. Grieco served as a member of the board of directors of PHC, Inc.

Wade D. Miquelon, Director

Wade D. Miquelon, Director, has served as a director of Acadia since January 2012. Mr. Miquelon is the Chief Financial Officer and Executive Vice President for Jo-Ann Stores, LLC, the nation's leading fabric and craft specialty retailer. He previously served as Executive Vice President, President International and Chief Financial Officer of Walgreen Co ("Walgreens"), a position in which he served until August 2014. Mr. Miquelon joined Walgreens in June 2008 as Senior Vice President and Chief Financial Officer. Prior to Walgreens, he was Executive Vice President and Chief Financial Officer at Tyson Foods, Inc. from 2006 to 2008. From 1989 to 2006, Mr. Miquelon served Procter & Gamble Co. ("P&G") in a number of positions of increasing responsibility, most recently for three years as Vice President—Finance, Western Europe, the senior most financial officer responsible for the 17-country Western Europe operation. Among other positions during his tenure at P&G, Mr. Miquelon was the head of Finance and Accounting for the ASEAN, Australasia, and India region, served as Director and Investment Partner of I Ventures, a P&G venture capital fund, and co-founded and served as Chief Financial Officer and Senior Vice President of Business Development/Human Resources of Emmperative, Inc., an enterprise marketing management software joint venture between P&G and other entities.

Debra K. Osteen, Chief Executive Officer and Director

Debra K. Osteen, Chief Executive Officer and Director, Prior to joining Acadia in December 2018, Ms. Osteen served as Executive Vice President of Universal Health Services, Inc. (NYSE: UHS) and President of UHS’s behavioral health division since 1999. Ms. Osteen led UHS’s behavioral health division to become the largest system of freestanding behavioral healthcare facilities in the United States. Under Ms. Osteen’s leadership, UHS acquired Cygnet Health Care and the adult services division of Cambian Group in the United Kingdom. Ms. Osteen served as past President of the National Association of Psychiatric Health Systems (now known as the National Association of Behavioral Healthcare). She also served on the Executive Committee of the National Action Alliance for Suicide Prevention, a public-private partnership advancing the national strategy for suicide prevention. Ms. Osteen has been named multiple times among the “Top 25 Women in Healthcare” by Modern Healthcare magazine, most recently in 2015.

William M. Petrie M.D., Director

William M. Petrie, M.D., Director, has served as a director of Acadia since October 2012. He is currently Professor of Clinical Psychiatry in the Department of Psychiatry at the Vanderbilt University School of Medicine, where he has served for more than 20 years. He is also Director, Vanderbilt Senior Assessment Clinic in the Department of Psychiatry at the Vanderbilt University School of Medicine. Previously, Dr. Petrie served as President and Co-Director of Research at Psychiatric Consultants, P.C., a leading psychiatry practice in Nashville, TN and Chairman, Department of Psychiatry, Parthenon Pavilion at Centennial Medical Center. With 35 years experience in conducting clinical research trials, Dr. Petrie was the primary investigator for a substantial variety of clinical studies. In addition, Dr. Petrie is a noted researcher, who has published dozens of papers in numerous healthcare publications. Dr. Petrie served as a director for Psychiatric Solutions, Inc. from September 2004 until November 2010.

A Message from our CEO

COVID-19 Update