VU professor elected to Acadia board

Psychiatry veteran becomes third independent director

Acadia Healthcare said Thursday morning it has added Vanderbilt professor William Petrie to its board of directors.

Petrie, who becomes the third independent director on what is now Acadia's 12-member board, is professor of clinical psychiatry at the Vanderbilt University School of Medicine, where he has served for more than 20 years. He is also director of the Vanderbilt Senior Assessment Clinic. In the past, he has been president and co-director of research at Psychiatric Consultants and chairman of the department of psychiatry at Centennial Medical Center.

"Bill Petrie is a highly accomplished physician with an outstanding reputation for his work in advancing the practice of psychiatry," said Joey Jacobs, chairman and CEO of Acadia. "We expect Bill to bring an invaluable perspective to Acadia’s Board because of his in-depth experience in the research and academic aspects of psychiatry, combined with his long history as a practicing physician caring for inpatient psychiatric patients."

From September 2004 until November 2010, Petrie was a director of Psychiatric Solutions, the company run by Jacobs and other top Acadia execs until it was bought by Universal Health Services.

At almost 11 a.m., shares of Acadia (Ticker: ACHC) were down more than 2 percent to about $20.10. Year to date, they have more than doubled.