MSP Recovery, Inc.
MSPRZ
NASDAQ Global Market0.04
USD
+0.04
- -
MSP Recovery, Inc.
MSPRZ
(NASDAQ Global Market)
Recent
price
0.04
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- MSP Recovery, Inc. (NASDAQ:MSPRZ), doing business as LifeWallet, operates as a healthcare recoveries and data analytics company focused on Medicare, Medicaid, commercial, and secondary payer reimbursement recovery. The company provides claims recovery services through irrevocable assignments under Claims Cost Recovery Agreements (CCRAs) with over 160 assignors across Medicare, Medicaid, and commercial insurance segments; proprietary algorithms and data analytics tools to identify, pursue, and prevent improper payments from primary payers and responsible parties; and a scalable data ecosystem under the LifeWallet platform, including LifeWallet EHR for electronic health records storage serving hospitals, medical providers, laboratories, and governmental entities; Chase to Pay, a real-time analytics platform identifying proper primary payers at the point of care; LifeChain for patient-centric data analysis; LifeWallet 911 in development for emergency services; LifeWallet Legal; LifeWallet Health; and LifeWallet Sports connecting brands with college athletes. MSP Recovery serves healthcare payers, providers, and patients primarily in the United States and Puerto Rico, pursuing recovery rights on approximately $1.591 trillion in billed amounts as of December 31, 2024, with potentially recoverable claims assessed at $87.7 billion. Founded in 2014 and headquartered in Coral Gables, Florida, the company generates revenue primarily through performance-based fees retaining a significant portion of recoveries while sharing with assignors. In April 2025, MSP Recovery entered a strategic term sheet with Hazel Partners Holdings, LLC, Virage Capital Management, and affiliates for comprehensive corporate restructuring, liability reductions, and operational funding to enhance financial stability and support growth. The company secured up to $3 million in additional funding in October 2025 via a second supplemental agreement with YA II PN, LTD (Yorkville) through convertible promissory notes amid ongoing revenue expansion. These initiatives follow prior business combinations, such as the 2021 merger with Lionheart Acquisition Corp. II, and partnerships including Synnova Health and Palantir Foundry integrations to bolster data capabilities.