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MIAMI, April 16, 2025 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ:MSPR) ("MSP," or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, announced financial results for the fiscal year and fourth quarter ended December 31, 2024. "MSP Recovery has overcome significant industry challenges to become the leader in enforcing Medicare Secondary Payer laws, protecting the Medicare Trust Fund, and paving the road for healthcare reimbursement recoveries," said MSP Recovery Founder and CEO John H. Ruiz. "We've made legal and technological progress, holding primary payers accountable. Through pioneering legal strategy and healthcare in
MIAMI, April 10, 2025 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ:MSPR) ("MSP Recovery" or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, is pleased to announce that it entered into a strategic term sheet ("Term Sheet") agreeing to several restructuring transactions with Hazel Partners Holdings, LLC ("Hazel"), Virage Capital Management ("Virage"), and their respective affiliates. These initiatives are designed to reduce costs of the Company through a New Servicer entity (as defined below), deleverage the Company by converting certain debt of significant creditors into equity and release $1.2 billion of debt guaranteed
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. previously announced on Dec 22, 2022 that it will begin doing business as "LifeWallet" in 2023. The "LIFW" ticker symbol will replace the Company's current ticker symbol for its common stock, "MSPR". Additionally, the Company's publicly traded warrants to purchase common stock will begin trading under the ti
CORAL GABLES, Fla., Jan. 02, 2023 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ:MSPR) ("MSPR", "MSP Recovery", the "Company," or "LIFW"), which recently announced that it will begin doing business as LifeWallet in 2023 and that its ticker symbol will change to "LIFW" at the beginning of 2023, today announced that the Company entered into a term sheet relating to the sale of a portion of its Company owned Assignor Interests, as defined and as further described below, and certain other transactions (the "Term Sheet"). In the ordinary course of its business, LIFW acquires assignments of recoveries from health insurance payors, healthcare providers and others, and uses its proprietary multi-
Recognized Gain on Debt Extinguishment of $63 Million During the Quarter Paid Value of Potentially Recoverable Claims Grew to $89.2 Billion During the Quarter Increase in Total Claims Recovery Income and Service Income of $3.0 Million over the Second Quarter Purchased Additional $48.2 Million in Future Recoveries and Signed a $7.5 Million Licensing Deal for LifeWallet CORAL GABLES, Fla., Nov. 08, 2022 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ:MSPR) ("MSPR," "MSP Recovery," or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced financial results for the third quarter ended September 30, 2022. MSPR continu
CORAL GABLES, Fla., Oct. 27, 2022 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ:MSPR) ("MSPR", "MSP Recovery" or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today provided a business update. Since the announcement of MSPR's partnership with Tokenology Labs on the development of LifeChain (October 2021), exciting progress has been made on the project, which has led to a new expanded partnership between the two companies.LifeChain has been developed into a platform that tokenizes medical claims at unparalleled speeds, which is expected to greatly accelerate the processing of MSP Recovery's client claims data and identi
CORAL GABLES, Fla., Oct. 23, 2022 (GLOBE NEWSWIRE) -- MSP Recovery, LLC, a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced that the Company will release its third quarter 2022 financial results after the market closes on Tuesday, November 8, 2022. MSP Recovery will host a conference call and live webcast to review the Company's third quarter results for investors and analysts at 8:00 a.m. Eastern Time on Wednesday, November 9, 2022. To access this call, we encourage you to pre-register using this link: MSP Recovery Q3 2022 Earnings Pre Registration. A live webcast of the conference call will be accessible from the Investor
CORAL GABLES, Fla., Oct. 13, 2022 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ:MSPR) ("MSPR", "MSP Recovery" or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today provided a business update. MSP Recovery, which powers LifeWallet, today announced that it has entered into a licensing agreement with a new client for a $7.5 million fee, as well as expected prospective fees of $1 million per year.The licensing agreement provides the Company's client with a license to utilize its proprietary LifeWallet platform for integration of health records, biometrics, intelligent infrastructure, and blockchain technology, among other
CORAL GABLES, Fla., Sept. 22, 2022 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. ("MSP Recovery" or "MSPR") today provided a business update. The company announced continued growth and new assignors, including healthcare provider networks and entities with more than 1,800 providers and scientists and more than 30 outpatient sites.Initial payments received by MSPR in response to individual claim demand packages thus far have, on average, been paid at 284% of the Paid Value of Potentially Recoverable Claims ("PVPRC"). For reference, MSPR's prior settlement with Ocean Harbor Insurance resulted in recoveries at 350% (3.5 times) of the PVPRC with respect to Parts A and D, and 200% (2 times) of the PV
CORAL GABLES, Fla., Aug. 22, 2022 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ:MSPR) ("MSP Recovery" or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today provided a business update. MSP Recovery, which powers LifeWallet, has grown from an initial eleven thousand (11,000) unique healthcare member lives in 2014, to more than 34 million unique healthcare member lives as of August 11, 2022, with an additional 3 million anticipated prior to September 30, 2022.MSP Recovery, in partnership with Tokenology, has completed development of cutting edge blockchain technology designed to solve significant problems the healthcare
CORAL GABLES, Fla., Jan. 02, 2023 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ:MSPR) ("MSPR", "MSP Recovery", the "Company," or "LIFW"), which recently announced that it will begin doing business as LifeWallet in 2023 and that its ticker symbol will change to "LIFW" at the beginning of 2023, today announced that the Company entered into a term sheet relating to the sale of a portion of its Company owned Assignor Interests, as defined and as further described below, and certain other transactions (the "Term Sheet"). In the ordinary course of its business, LIFW acquires assignments of recoveries from health insurance payors, healthcare providers and others, and uses its proprietary multi-
Recognized Gain on Debt Extinguishment of $63 Million During the Quarter Paid Value of Potentially Recoverable Claims Grew to $89.2 Billion During the Quarter Increase in Total Claims Recovery Income and Service Income of $3.0 Million over the Second Quarter Purchased Additional $48.2 Million in Future Recoveries and Signed a $7.5 Million Licensing Deal for LifeWallet CORAL GABLES, Fla., Nov. 08, 2022 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ:MSPR) ("MSPR," "MSP Recovery," or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced financial results for the third quarter ended September 30, 2022. MSPR continu
CORAL GABLES, Fla., Oct. 23, 2022 (GLOBE NEWSWIRE) -- MSP Recovery, LLC, a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced that the Company will release its third quarter 2022 financial results after the market closes on Tuesday, November 8, 2022. MSP Recovery will host a conference call and live webcast to review the Company's third quarter results for investors and analysts at 8:00 a.m. Eastern Time on Wednesday, November 9, 2022. To access this call, we encourage you to pre-register using this link: MSP Recovery Q3 2022 Earnings Pre Registration. A live webcast of the conference call will be accessible from the Investor
Completed Business Combination Between Lionheart Acquisition Corporation II and MSP RecoveryPaid Value of Potentially Recoverable Claims Grew to $88.3 Billion During QuarterAcquired Claim Recovery Rights and Rights to Cash Flows Increasing Balance Sheet Assets from $104 Million at December 31, 2021 to $6.6 Billion at June 30, 2022Executed Agreements which could provide approximately $1.5 Billion of Capital CORAL GABLES, Fla., Aug. 11, 2022 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ:MSPR) ("MSPR," "MSP Recovery," or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced financial results for the second quarter
CORAL GABLES, Fla., Aug. 03, 2022 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ:MSPR) ("MSP Recovery"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced that it will release its second quarter 2022 financial results before the market opens on Thursday, August 11, 2022. A webcast and conference call will be held that same day at 8:30 a.m. Eastern time to review the MSP Recovery's second quarter results, discuss recent events and conduct a question-and-answer session. To access this call, dial 1-866-652-5200 for the U.S. or Canada, or 1-412-317-6060 for callers outside the U.S. or Canada. A live webcast of the conference ca
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