Market Overview

Daniel Davison Joins Advanced Dermatology and Cosmetic Surgery as Chief Financial Officer

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Advanced Dermatology and Cosmetic Surgery (ADCS), one of the nation's leaders in high-quality dermatology, today announced the appointment of Daniel Davison as Chief Financial Officer.

Mr. Davison was most recently Chief Financial Officer and Treasurer at Diplomat Pharmacy, Inc. (NYSE:DPLO), which was the largest independent provider of specialty pharmacy services in the United States.

Mr. Davison has broad financial management experience, including both operational finance and financial and strategic planning. Also, Mr. Davison has significant experience in investor relations and managing bank and credit analyst relationships. Diplomat was acquired by Optum Rx, a subsidiary of UnitedHealth Group (NYSE:UNH), in February 2020. Mr. Davison was instrumental in executing the due diligence process and successful sale of the company.

Prior to his role at Diplomat, Mr. Davison served as the Finance Executive of the $100 billion Caremark segment of CVS Health (NYSE:CVS). Mr. Davison has also held leadership positions as Senior Vice President of Finance, Financial and Strategic Planning for the $66 billion public company Medco Health Solutions (NYSE:MHS) and has served as Chief Financial Officer for Medco's $40 billion Health Plan Division. He has significant experience in Commercial (including major health plans), Medicare and Medicaid business segments.

"I have known Dan for over 30 years and he is a true executive leader with proven success in financial and treasury management, business development and strategic planning," said Brian T. Griffin, Chief Executive Officer of Advanced Dermatology and Cosmetic Surgery. "Advanced Dermatology and Cosmetic Surgery is the premier leader of providing high-quality dermatological and aesthetic services, and in having known Dan's prior accomplishments, I am confident in his ability to take ADCS to the next level."

"We welcome Dan and look forward to his contributions to our growth and continued success," said Dr. Matt Leavitt, Executive Chairman and Founder of ADCS.

"Advanced Dermatology and Cosmetic Surgery is a dynamic, physician-centered organization with a great reputation for quality," said Mr. Davison. "I am very pleased to be part of a team dedicated to supporting high-quality, accessible and cost-effective care."

ABOUT ADVANCED DERMATOLOGY AND COSMETIC SURGERY

Advanced Dermatology and Cosmetic Surgery is the largest dermatology practice in the country. We are committed to providing comprehensive and unparalleled dermatologic and aesthetic care in a welcoming and engaging environment, seeking to make each patient experience unique and adhering to superior patient safety and privacy standards. We strive to combine the best of the art of medicine with the latest advances in research and technology in formulating individualized treatment plans to achieve a unique, desired, and aesthetically pleasing result. To learn more about Advanced Dermatology or inquire about employment opportunities, visit www.advancedderm.com or call 1-866-400-DERM.

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