MSP Recovery Enters into $3 Billion Agreement to Sell Select Healthcare Claims Recoveries to Virage Capital Management, an Anticipated New Source of Revenue for MSP
Transaction proceeds represent anticipated new revenue source for MSP Recovery
Transaction to include assignments from healthcare insurance payors, healthcare providers and self-funded entities.
MSP Recovery, LLC, ("MSP Recovery" or "MSP"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, that in July announced a planned business combination with Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP, LCAPW, "Lionheart" or "LCAP"))), today announced an agreement to monetize up to $3 billion of select healthcare claims recovery interests to its investment partner, Virage Capital Management LP ("Virage"). This initial agreement provides the platform
