MSP Recovery Inc

MSP Recovery, Inc. engages in the development of healthcare recoveries and data analytics software. It also focuses on the identification and recoveries of improper payments made by medicare, medicaid, and commercial insurance spaces using data and analytics. The company was founded by John H. Ruiz, Frank C. Quesada, and Diana Diaz on July 8, 2014 and is headquartered in Coral Gables, FL.

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MSP Recovery, Inc. engages in the development of healthcare recoveries and data analytics software. It also focuses on the identification and recoveries of improper payments made by Medicare, Medicaid, and commercial insurance spaces using data and analytics. The company was founded by John H. Ruiz, Frank C. Quesada, and Diana Diaz on July 8, 2014 and is headquartered in Miami, FL.

CORAL GABLES, Fla., March 10, 2023 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet” or “LIFW” or the “Company”), filed a Form 8-k today with the United States Securities and Exchange Commission (the “SEC”) announcing that it has been actively negotiating a transaction with Hazel Partners Holdings, LLC – for which it previously announced a term sheet on January 2, 2023 – with respect to the acquisition by the Company of certain recovery rights which are expected to be financed in part by a seller loan from Hazel. The Company currently anticipates purchasing the claim recovery rights at approximately $0.20 of the Paid Amount for specific case funnels, i.e., the identified recovery rights. The Company has previously reported recovering on similar accident-related litigation-based claims, 1st party demand letters, 3rd party demand letters, and case and lien recoveries at recovery multiples of 2.1x, 1,8x, 4.4x, and 1.7x, respectively.

LifeWallet Announces Continued Negotiations On Previously Announced Transactions And Completion Of Credit Agreement Providing Significant Working Capital For Ongoing Recovery Efforts

CORAL GABLES, Fla., Jan. 03, 2023 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. D/B/A LifeWallet (“LifeWallet”, or “the Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced the Company will commence trading of its common stock today, January 3, 2023 at 9:30 AM ET, under the new ticker symbol “LIFW”.

MSP Recovery, Inc. D/B/A LifeWallet, Begins Trading Today Under New NASDAQ Ticker Symbol LIFW

News for MSP Recovery Inc Stock (LIFW)