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Veteran Acadia Healthcare COO will leave company on July 15


Ron Fincher, the veteran behavioral health care executive who has been COO of Acadia Healthcare since early 2011, will leave the company in about two weeks.

Franklin-based Acadia will say goodbye to Fincher, 65, on July 15. The executive has for years been one of the closest associates of Joey Jacobs, who was ousted by Acadia’s board of directors late last year. As Jacobs sold his vision for Acadia — and before that his plans for Psychiatric Solutions last decade — Fincher was the operations guru who oversaw facility integrations and was in charge of mixing the right ingredients to help the company add to its centers.

“The secret to Ron’s success is that he can find talent and motivate people to get results, and he does it in a positive way,” Jacobs told the Post four years ago. “So the easiest part of growing the company is spending the money on the acquisitions. The toughest part is integrating the companies, and continuing to grow those existing businesses.”

Fincher’s pending exit comes three months after Acadia President Brent Turner said he, too, was heading for the door.

Acadia will pay Fincher $1.2 million in cash and maintain his health benefits for two years in exchange for a release of claims and a pledge not to compete with Acadia for those two years. Fincher also has pledged to be available for consulting work through next January.

Preparing to step into Fincher’s big shoes is John Hollinsworth, a former Universal Health Services executive who joined Acadia in January, a month after new CEO Debbie Osteen made the move from UHS. Hollinsworth will slide from his Eastern Group president role to be executive vice president of operations. The 55-year-old had spent more than eight years at UHS, joining the company from the former Psych Solutions.

Shares of Acadia (Ticker: ACHC) rose slightly Thursday to close at $34.33. Year to date, they are down slightly.

By | 2019-06-28T15:16:11-05:00 June 28th, 2019|Categories: Uncategorized|0 Comments

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