Rippel

The Fannie E. Rippel Foundation Announces the Appointment of Former CDC Leader Becky Payne as President and CEO; Alan Lieber, Former President of Overlook Medical Center, Named COO and Chief Health Care Strategist

Retrieved on: 
Thursday, September 15, 2022
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MORRISTOWN, N.J., Sept. 15, 2022 /PRNewswire/ -- The Fannie E. Rippel Foundation (the "Foundation" or "Rippel"), a nonprofit operating foundation dedicated to fostering a future of equitable health and well-being for all, has announced the appointment of Becky Payne as President and CEO, effective January 1, 2023. At that time, Alan Lieber will assume the role of Chief Operating Officer (COO) and Chief Health Care Strategist. Laura Landy, who has served as the Foundation's President and CEO since 2006, will become President Emeritus and Senior Fellow and plans to retire at the end of 2023. Under Laura's leadership, the Foundation has increasingly become a national thought leader and advisor in working toward a more sustainable health system that ensures all people can thrive.

Key Points: 
  • At that time, Alan Lieber will assume the role of Chief Operating Officer (COO) and Chief Health Care Strategist.
  • Rippel's new leadership will advance its work as a catalyst for an equitable future for health and well-being.
  • The complementary talents and experiences brought by Becky and Alan are precisely what we hoped to find," said Edward W. Ahart, Esq., Board Chair, The Fannie E. Rippel Foundation.
  • Mr. Lieber is a leader in health care system innovation, with a focus on improved outcomes for patients and communities.

FirstCash Amends Definitive Agreement with American First Finance

Retrieved on: 
Tuesday, December 7, 2021
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FORT WORTH, Texas, Dec. 07, 2021 (GLOBE NEWSWIRE) -- FirstCash, Inc. (the Company) (Nasdaq: FCFS), the leading international operator of over 2,800 retail pawn stores in the U.S. and Latin America, today announced that it has amended its previously announced definitive agreement to acquire American First Finance Inc. (AFF).

Key Points: 
  • FORT WORTH, Texas, Dec. 07, 2021 (GLOBE NEWSWIRE) -- FirstCash, Inc. (the Company) (Nasdaq: FCFS), the leading international operator of over 2,800 retail pawn stores in the U.S. and Latin America, today announced that it has amended its previously announced definitive agreement to acquire American First Finance Inc. (AFF).
  • Rick Wessel, FirstCash Chief Executive Officer and Vice-Chairman of the Board stated, Since announcing our transaction with AFF over a month ago, both businesses continue to perform strongly.
  • American First Finance (AFF) is a leading technology-driven point-of-sale payments platform focused on serving credit constrained consumers.
  • FirstCash does not give any assurance (1) that either FirstCash or AFF will achieve its expectations, or (2) concerning any result or the timing thereof.

The Rippel Foundation Releases Groundbreaking Report Highlighting Americans' Hopes and Fears About the Future of Health and Well-Being

Retrieved on: 
Thursday, November 4, 2021
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MORRISTOWN, N.J., Nov. 4, 2021 /PRNewswire/ --Today, The Rippel Foundation published Creating an Equitable Future for Health and Well-Being , a report on major findings from its FORESIGHT initiative.

Key Points: 
  • MORRISTOWN, N.J., Nov. 4, 2021 /PRNewswire/ --Today, The Rippel Foundation published Creating an Equitable Future for Health and Well-Being , a report on major findings from its FORESIGHT initiative.
  • FORESIGHT is an equity-focused futuring project that aims to envision a new future for health and well-beingand how we get there, together.
  • FORESIGHT, launched by 17 philanthropies , engaged futurists to identify the major forces that could shape the future of health and well-being in the United States.
  • Growing inequality between the "haves" and "have nots" was among the top 3 worries individuals cited upon watching the videos.

FirstCash to Acquire American First Finance, a Leading Technology-Driven Virtual Lease-to-Own and Retail Finance Platform for Underserved Customers

Retrieved on: 
Thursday, October 28, 2021
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FORT WORTH, Texas, Oct. 28, 2021 (GLOBE NEWSWIRE) -- FirstCash, Inc. (the “Company”) (Nasdaq: FCFS), the leading international operator of over 2,800 retail pawn stores in the U.S. and Latin America, today announced that it has entered into a definitive agreement to acquire American First Finance, Inc. (“American First Finance” or “AFF”), a rapidly growing, technology-driven virtual lease-to-own (“LTO”) and retail finance provider focused on underserved, non-prime customers. Under the terms of the agreement, the total consideration payable at closing is valued at approximately $1.17 billion, based on FirstCash’s closing stock price on October 26, 2021, consisting of approximately 8.05 million shares of common stock and $406 million in cash, subject to a net debt adjustment. Up to an additional $300 million of consideration is payable in the event AFF achieves certain performance targets through the first half of 2023.

Key Points: 
  • AFF is the fourth largest provider of POS payment solutions to underserved retail customers in the U.S. with significant scale.
  • Working with American First Finance, we believe we are well positioned to drive further expansion in this large and growing addressable market.
  • With AFF, FirstCash can provide flexible payment options to retail customers in its pawn locations which will provide a new source of revenue.
  • Over the longer term, FirstCash expects to explore opportunities for potential LTO and retail finance products in Latin America.