FAVO Capital Welcomes Dr. Wael Barsoum as New Board Director

FAVO Capital Strengthens Leadership with New Appointment

FAVO Capital Inc. (OTC: FAVO) has made a significant move in its governance by appointing Dr. Wael Barsoum as an independent director. This decision is a crucial step as the company continues to establish a robust foundation for its future strategy.

Dr. Wael Barsoum: A Leader in Healthcare Transformation

Dr. Barsoum is a well-respected figure in the healthcare industry, having served as the president and CEO of Cleveland Clinic Florida. During his tenure, he successfully guided a transformative expansion, enhancing operational capacity and growing the healthcare organization significantly. His leadership experience includes over 1,000 physicians and 12,000 caregivers, showcasing his capability to manage large teams effectively.

Current Role and Contributions

Currently, Dr. Barsoum is the president and chief transformation officer at Healthcare Outcomes Performance Company (HOPCo). His role involves overseeing operations both internationally and within the U.S., fostering significant partnerships, and implementing value-based care strategies. His insights into healthcare innovation and operational improvement will be invaluable to FAVO Capital.

Commitment to Governance and Shareholder Value

Shaun Quin, the president of FAVO Capital, emphasized the importance of Dr. Barsoum's appointment. “His proven leadership in overseeing complex organizations will greatly benefit our company and shareholders,” Quin stated. This reflects FAVO's ongoing commitment to fostering a board that prioritizes independence and depth of experience.

Barsoum's Board Experience

Dr. Barsoum's experience is enriched by his previous service on numerous boards, including a notable tenure at the Cleveland Clinic and current contributions to the board of trustees at Case Western Reserve University. His guidance has been integral in advancing strategies for organizational growth and aligning stakeholder interests across various healthcare institutions.

FAVO Capital's Focus on a Durable Platform

With Dr. Barsoum’s addition, FAVO Capital continues to enhance its focus on strong governance, solid oversight, and a disciplined approach to execution. This strategic move underlines their dedication to delivering lasting returns and maintaining resilience through varying market cycles. The firm has laid the groundwork for ongoing success in an evolving financial landscape.

About FAVO Capital, Inc.

FAVO Capital, Inc. operates in two key segments: financial services and real estate. The company specializes in providing alternative financing options to small and mid-sized businesses, successfully supporting over 10,000 enterprises by offering a revenue-based funding solution. In addition to lending, they are developing a portfolio of selective real estate assets, ensuring a diversified and sustainable business model.

Frequently Asked Questions

What prompted FAVO Capital to appoint Dr. Barsoum?

The appointment stems from FAVO's commitment to enhancing their board with experienced leaders who can steer the company towards growth and resilience.

What is Dr. Barsoum's background?

Dr. Barsoum has extensive experience in healthcare, previously serving as the president and CEO of Cleveland Clinic Florida and currently as the president at HOPCo.

How does this appointment impact FAVO Capital?

This addition is expected to strengthen governance and foster strategic initiatives that will benefit shareholders and drive long-term value.

What segments does FAVO Capital operate in?

FAVO Capital operates in financial services and real estate, offering diverse financing solutions and expanding its portfolio in real assets.

Where is FAVO Capital headquartered?

The company is headquartered in Fort Lauderdale, Florida, and has operations extending into New York and the Dominican Republic.

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