TENNESSEE HEALTH CARE HALL OF FAME NOMINEE JOEY JACOBS

NAME: Joey Jacobs

COMPANY: Acadia Healthcare

EMAIL: N/A

PHONE NUMBER: 615.861.6000

ADDRESS: 6100 Tower Cir #1000 Franklin, Tennessee 37067

EDUCATION: Born in Morrison, Tennessee, Jacobs earned a Bachelor of Science degree from Middle Tennessee State University.

PROFESSIONAL POSITIONS HELD: With nearly 40 years of experience in the health industry, Joey A. Jacobs currently serves as Chief Executive Officer and Chairman of Acadia Healthcare, one of world largest providers of behavioral health services. In the seven years since joining Acadia in early 2011, Jacobs and his team have expanded the company from 6 behavioral health facilities with less than 500 beds and producing approximately $60 million in annual revenue to 582 facilities with more than 17,800 beds in the U.S., the U.K. and Puerto Rico and nearly $3 billion in annual revenue. Acadia’s current enterprise value is approximately $6 billion.

Previously, Jacobs co-founded and served as Chairman, President and Chief Executive Officer of another publicly held behavioral health company, Psychiatric Solutions, Inc. (PSI), which he co-founded in April 1997. Jacobs and his team grew PSI to 94 behavioral health facilities with revenue of $2 billion, prior to its being sold for $3.1 billion in November 2010.

Prior to PSI, Jacobs served for 21 years in various capacities with Hospital Corporation of America, most recently as President of the Tennessee Division. Jacobs also served as President of HCA’s Central Group, Vice President of the Western Group, Assistant Vice President of the Central Group and Assistant Vice President of the Salt Lake City Division.

APPOINTMENTS/HONORS: Jacobs currently serves as a director for numerous health care industry organizations, including Envision Healthcare Corporation, Cumberland Pharmaceuticals, Inc., Mental Health Management, Inc. and the Monroe Carell, Jr. Children’s Hospital at Vanderbilt. In addition, Jacobs is also Chairman of the Board of The Jason Foundation, an organization dedicated to the prevention of youth suicide though education and awareness programs. Most recently, Jacobs was nominated by Governor Bill Haslam and confirmed by the Tennessee General Assembly to serve on the Middle Tennessee State University (MTSU) Board of Trustees, Jacobs’ alma mater.

In 2004 and again in 2015, Jacobs received a Southeast Entrepreneur of the Year Award presented by Ernst and Young. In 2007 he received the Emerald Entrepreneurial and Excellence Award in the “Public Company Executive, Growth” category, awarded by Emerald Asset Management. MTSU presented Jacobs with the Champion of Free Enterprise Award in 2013 and The Nashville Post named him “CEO of the Year” in 2014. In 2016, Jacobs received the Chancellors Award for Excellence in Philanthropy from the Tennessee Board of Regents. In 2015, 2016 and 2017, the Nashville Business Journal named Jacobs to its Power 100 list, noting that “nearly every powerful health care executive in Nashville has a connection to Jacobs.”

NAME: Brent Turner COMPANY: Acadia Healthcare

EMAIL: Brent.Turner@Acadiahealthcare.com

PHONE NUMBER: 615.861.6000

ADDRESS: 6100 Tower Cir #1000 Franklin, Tennessee 37067

RELATIONSHIP TO NOMINEE: Co-Worker for 15 years

NOMINEE WAS BORN, LIVED OR WORKED IN TENNESSEE? Mr. Joey A. Jacobs was born in Morrison, Tennessee, earned a Bachelor of Science degree from Middle Tennessee State University and worked the majority of his 40 year career in the state of Tennessee.

NOMINEE WILLINGLY SERVED AS A ROLE MODEL/MENTOR WITHIN HEALTH CARE COMMUNITY? Jacobs has become an effective role model and mentor to the healthcare community through his strong belief that with his success as a health care business leader comes with an obligation to invest his time, expertise and energy back into health care community. The impact of this investment on his colleagues at Acadia is evident in the very substantial number of former PSI employees who, post-sale, left their positions at that leading and highly successful organization to join the new organization Jacobs was building at Acadia. Beyond Acadia, Jacobs’ role as a director of both public and private health care companies and as a director and past chairman of the Nashville Healthcare Council are commitments he has embraced, in part, because of the opportunities they present to work closely with leaders in the health care community. In discussing this nomination with a number of these leaders, they invariably mentioned their appreciation of their relationship with Jacobs as a colleague, mentor and friend. In addition, Jacob’s work on the boards of The Jason Foundation and the Children’s Hospital at Vanderbilt reflects the selfless examples of community service by many of Nashville’s most notable healthcare leaders and is a positive role model for tomorrow’s industry leaders.

NOMINEE DEMONSTRATED UTMOST PROFESSIONAL AND ETHICAL CONDUCT? One doesn’t have to be around Joey Jacobs long to understand that he is a man with a strong moral compass. Perhaps his integrity and honesty were instilled from the hard work of a childhood spent on a working family farm and his discipline learned through the rigors of his accounting background; Jacobs leads by example and demands the utmost professional and ethical conduct. These high standards are critical in an industry in which cutting corners or carelessness can literally cost patients their lives.

Jacobs’ focus has always been on the patients and their families and on employees. His mantra is, “How do we improve the lives of patients we touch today?” He walks this talk, whether through his tireless work to improve access to behavioral care for those in need or through driving both PSI’s and Acadia’s significant involvement in developing industry standards for measuring quality care and patient satisfaction. The fundamental question Jacobs will ask on any business decision is “How does the proposed action affect the patients and our doctors and clinical staff?”

Further evidence of Jacobs’ professionalism and ethical conduct is inherent in the leadership roles he has undertaken and the company he keeps. The Nashville health care community is tightly knit, and Jacob’s more than 40-year path through HCA, PSI and Acadia has been highly visible. He has been a mentor to many of our community’s leaders, some of whom are submitting letters of recommendation on his behalf. Jacobs’ frequent selection by these leaders to lead or advise them, whether as Chairman of the Nashville Health Care Council or on numerous boards of directors, is the clearest indication of the confidence the community has in his professionalism and ethics.

NOMINEE MADE SIGNIFICANT IMPACT/LASTING CONTRIBUTION TO HEALTH CARE INDUSTRY? Yes.

IMPACT/CONTRIBUTION ON THE HEALTHCARE INDUSTRY: Jacobs has had a very significant impact and long-term contribution to the healthcare industry on a local, state, national and international level. Most important, in a time of rising demand, the two behavioral health companies that Jacobs has developed into industry leaders have been at the forefront of expanding access to high quality behavioral healthcare in a capacity-constrained industry. An essential aspect of Acadia’s organic growth strategy is to add beds to facilities that reach 75% capacity to avoid having to turn away patients for lack of beds. Through Acadia’s financial strength, combined with its management and development capabilities, the company has added thousands of new beds to existing and de novo facilities in the U.S, the U.K. and Puerto Rico. Jacobs and his team honed this strategy at PSI, although at a smaller scale.

Acadia has also been fully engaged in working directly or indirectly with industry regulators and government as a strong voice for the behavioral healthcare industry to increase parity and access for those needing care for mental health or addiction problems. Further, on a local and state level, Acadia’s presence in Franklin supports the Nashville MSA’s reputation as healthcare’s Silicon Valley and extends the Nashville Health Care Family Tree. With the new Erlanger joint venture behavioral health facility opening in Chattanooga later this year, Acadia will also operate seven facilities across the State of Tennessee with more than 600 beds. Most recently, Acadia is more than doubling the capacity of TrustPoint Behavioral Health Hospital in Murfreesboro, TN to meet that community’s growing need for behavioral health services.