MSP Recovery, Inc.
LIFWW
NASDAQ Global Market0.00
USD
- -
- -
CIK
0001802450
ISIN
US5537451263
CUSIP
553745126
Return %
Stock
S&P500
1Y
-21.43
26.53
3Y
-94.92
76.60
5Y
-94.92
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- John H. Ruiz
- Full Time Employees
- 88
- Sector
- Healthcare
- Industry
- Medical - Healthcare Information Services
- Address
- 2701 South Le Jeune Road Coral Gables FL United States of America 33134
- IPO Date
- Sep 20, 2022
- CIK
- 0001802450
- Website
- msprecovery.com
- Similar Companies
- Business
- MSP Recovery, Inc. operates as a healthcare recovery and data analytics company specializing in Medicare, Medicaid, commercial, and secondary payer reimbursement recovery. The company offers a range of products and services including claims recovery services, data analytics platforms, and technology solutions aimed at identifying and recovering improper payments made by healthcare payers. Its core product suite under the LifeWallet brand includes LifeWallet Health, LifeWallet Legal, LifeWallet Sports, LifeWallet EDU, and LifeChain—a patient-centric data analysis platform tailored to healthcare practices. MSP Recovery’s services extend to providers, health plans, legal, education, and sports NIL industries. Founded in 2014 and headquartered in Miami, Florida, the company operates primarily in the United States and Puerto Rico. Recent major changes include entering into a strategic term sheet with Hazel Partners Holdings and Virage Capital Management to restructure over $1.2 billion in corporate guaranteed debt and provide bridge funding and working capital for a new servicing entity focused on core recovery operations. The restructuring aims to deleverage MSP Recovery and fund scalable recovery operations while maintaining ownership of intellectual property and licensing it to the newly formed servicer. Additionally, the company obtained a $3 million supplemental funding agreement through convertible promissory notes and executed a reverse stock split and stock issuance approved by shareholders, reflecting ongoing strategic and financial restructuring efforts to enhance liquidity and support growth. MSP Recovery continues advancing its LifeWallet brand offerings with new tools in development, such as LifeWallet 911 for emergency service organizations, enhancing its technology-driven approach in healthcare reimbursement recovery and data analytics.