Business
Acadia Healthcare Appoints Daniel Cancelmi to Board of Directors
Wade D. Miquelon to Retire from the Board at Upcoming Annual Meeting FRANKLIN, Tenn.--(BUSINESS WIRE)-- Acadia Healthcare Company, Inc. (NASDAQ: ACHC)
About this update from Acadia Healthcare Company, Inc.
[{"type":"text","content":"\nWade D. Miquelon to Retire from the Board at Upcoming Annual Meeting\n\n\n FRANKLIN, Tenn.--(BUSINESS WIRE)--\nAcadia Healthcare Company, Inc. (NASDAQ: ACHC) (“Acadia”) today announced that it has appointed Daniel Cancelmi to its Board of Directors, effective immediately.\n\n\nMr. Cancelmi is a seasoned finance leader with an expansive knowledge of healthcare and a proven track record of driving superior financial performance. Most recently, he served as Executive Vice President and Chief Financial Officer of Tenet Healthcare Corporation, where he played a significant role in the company’s transformation and in strengthening its balance sheet. Over the course of his three-decade career at Tenet, he held a range of finance roles of increasing responsibility, including oversight of both enterprise‑wide and hospital‑level financial operations.\n\n\n“We are pleased to welcome Dan to our Board and look forward to benefitting from his significant financial leadership expertise and decades of healthcare services experience,” said Reeve B. Waud, Chairman of Acadia’s Board of Directors. “Acadia remains focused on executing its strategy to spur disciplined growth by expanding access to essential, evidence-based behavioral healthcare, improving clinical outcomes and driving operational efficiency across its national network. Dan’s perspective will be critical as we continue advancing our priorities with a focus on driving value creation for all shareholders.”\n\n\nMr. Cancelmi was selected following a comprehensive search process, led by the Board’s Nominating and Corporate Governance Committee with the assistance of a nationally recognized executive search firm and following constructive engagement with Khrom Capital.\n\n\nThe Company also announced today that director Wade D. Miquelon has decided not to stand for re-election at the 2026 Annual Meeting.\n\n\nMr. Waud continued, “We are grateful to Wade for his many contributions to the Company. Wade has dedicated significant time and energy over his years of service, and Acadia is better for it. He has been a key voice in helping to guide Acadia as it expanded access to care for those who need it most. We look forward to continuing to benefit from his strategic insights through his planned retirement as we continue to evaluate all paths to deliver enhanced shareholder value.”\n\n\nGoldm...