Assignor estoppel

MSP Recovery Announces Licensing Agreement With a New Client for a $7.5 Million Fee and Prospective Annual Fees of $1 Million, as Well as an Amendment to an Existing Agreement and a New Warrant Agreement With Brickell Key Investments LP That Exchanges Deb

Retrieved on: 
Thursday, October 13, 2022

The licensing agreement provides the Companys client with a license to utilize its proprietary LifeWallet platform.

Key Points: 
  • The licensing agreement provides the Companys client with a license to utilize its proprietary LifeWallet platform.
  • The platform will also avoid the improper documenting of medical claims that leads to improper billing, thereby preventing fraud, waste, and abuse.
  • (See prior, May 20, 2022 press release titled Polygon Partners with Tokenology and MSP Recovery to Tokenize Healthcare Claims On-Chain ).
  • Brickell Key Investments was our first investor that believed in our vision and in MSP Recovery, said MSP Recovery Founder and CEO, John H. Ruiz.

MSP Recovery Announces Continued Portfolio Growth, Initial Payments in Response to Claim Demand Packages on Property and Casualty Claims Averaging 284% of Paid Value of Potentially Recoverable Claims, and Expansion of LifeWallet Platform With the Launch o

Retrieved on: 
Thursday, September 22, 2022

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).

Key Points: 
  • 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).
  • These new recovery agreements include healthcare provider networks and entities with more than 1,800 providers and scientists and more than 30 outpatient sites.
  • The addition of these provider networks to our portfolio of recoverable claims represents a tremendous opportunity, said MSP Recovery Founder and CEO, John H. Ruiz.
  • MSPR also announces the expansion of its LifeWallet platform, commencing the launch of a nationwide lawyer referral service.

MSP Recovery, Which Also Powers LifeWallet, Announces it Has Grown From Eleven Thousand (11,000) Unique Healthcare Member Lives in 2014, to More Than 34 Million Unique Healthcare Member Lives, as Well as Significant Advancements in Its Technological Capab

Retrieved on: 
Monday, August 22, 2022

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.

Key Points: 
  • 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.
  • Together, these systems allow MSP Recovery to identify the correct payer in real time, avoiding improper payments and maximizing collections.
  • MSP Recovery, which powers LifeWallet, has grown from an initial 11,000 unique healthcare member lives in 2014, to more than 34 million unique healthcare members as of August 11, 2022.
  • MSP Recovery has also achieved significant advancements in the development of MSPs unique ecosystem and capabilities.

MSP Recovery to Report Second Quarter 2022 Results on Thursday, August 11, 2022

Retrieved on: 
Wednesday, August 3, 2022

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.

Key Points: 
  • 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 Recoverys second quarter results, discuss recent events and conduct a question-and-answer session.
  • A live webcast of the conference call will be accessible from the Investors section of MSP Recoverys website at https://www.msprecovery.com/ .
  • MSP Recovery provides the healthcare industry with comprehensive compliance solutions, while innovating technologies to help save lives.

Eleventh Circuit Once Again Rules in Favor of MSP Recovery, This Time Against Metropolitan General Insurance Company and Affiliates

Retrieved on: 
Tuesday, July 19, 2022

Circuit Court of Appeals for the Eleventh Circuit in MSP Recovery Claims, Series LLC, et al.

Key Points: 
  • Circuit Court of Appeals for the Eleventh Circuit in MSP Recovery Claims, Series LLC, et al.
  • v. Metropolitan General Insurance Company, et.
  • In rendering its decision, the Eleventh Circuit relied on three preceding opinions that it issued in favor of MSP Recovery overturning twelve (12) prior improper dismissals by Southern District of Florida judges.
  • MSP Recovery believes that this latest ruling from the Eleventh Circuit will likely impact the scope of the claims being litigated in those actions.

MSP Recovery Commences Billing Big Pharma More Than $5.6 Billion In Billed Amounts and More Than $2.8 Billion In Paid Amounts

Retrieved on: 
Tuesday, June 28, 2022

These PLRPs include some of the same Big Pharma companies that have already settled with MSPR on claims brought by individuals as opposed to health plans.

Key Points: 
  • These PLRPs include some of the same Big Pharma companies that have already settled with MSPR on claims brought by individuals as opposed to health plans.
  • MSPR is now pursuing these same types of claims on its owned claims stemming from the same types of agreements already reached.
  • These PLRPs stem from cases that have already been settled by Big Pharma and agreed to pay claimants.
  • In the last several weeks, we diversified our strategy and have begun adding massive individual billing to our recovery efforts.

MSP Recovery Experiences Additional Growth, Commences Billing More Than $1.5 Billion to Payers, and Will Deploy Biometrics in Medical Facilities as Well as Biometrics Pilot Programs to Help Improve School Security

Retrieved on: 
Monday, June 13, 2022

We continue to grow our new business at rates beyond what we expected, said MSP Recovery Founder and CEO, John H. Ruiz.

Key Points: 
  • We continue to grow our new business at rates beyond what we expected, said MSP Recovery Founder and CEO, John H. Ruiz.
  • As we continue to deploy our unique technologies, we are also seeing significant growth in other areas in addition to owned claims.
  • These wins have paved the way for Medicare either directly or indirectly to recover on claims it wasnt responsible for.
  • From 2014 through June 10, 2022, MSPR has grown its owned claims from $84 million to $368 billion in claims.

MSP Recovery, Inc. Announces Completion of Business Combination Between Lionheart Acquisition Corporation II and MSP Recovery, LLC.

Retrieved on: 
Monday, May 23, 2022

As previously announced, following the closing, LCAP’s Class A Common Stock will cease trading on the Nasdaq Capital Market (“Nasdaq CM”) under the symbol “LCAP” (CUSIP 53625R104), and will begin trading tomorrow -- May 24, 2022 -- on Nasdaq Global Market (“Nasdaq GM”) under the symbol “MSPR” (CUSIP 553745100) and LCAP’s warrants, each to purchase one share of Class A Common Stock of MSPR at $11.50 per share, will cease trading on the Nasdaq CM under the symbol “LCAPW” and begin trading on Nasdaq GM under the symbol “MSPRZ”.

Key Points: 
  • MSP Recovery, Inc. (MSPR), formerly known as Lionheart Acquisition Corporation II, a Delaware corporation (Nasdaq: LCAPU, LCAP, LCAPW, Lionheart or LCAP), today announced that it has closed the previously announced business combination (the transaction) with MSP Recovery, LLC.
  • The business combination was approved by a majority of LCAPs stockholders in an extraordinary meeting on May 18, 2022.
  • The closing of this business combination is proof of the confidence in the strength of our business strategy and effectiveness of our innovative approach.
  • Since the announcement of the business combination agreement we have seen a substantial amount of new business over and above what we originally projected, said Mr. Ruiz.

MSP Recovery Enters Into Agreement With Mexico’s SeguriTech, a Technology Integration Pioneer, to Enhance MSPR’s Data Capabilities, Position MSPR for International Growth, and Expand the LifeWallet Platform Across Mexico

Retrieved on: 
Monday, May 23, 2022

With a population of more than 120 million, Mexico has a three-tiered healthcare system.

Key Points: 
  • With a population of more than 120 million, Mexico has a three-tiered healthcare system.
  • Seguro Popular largely covers Mexicos homeless and unemployed population and is funded by both federal and state funds similar to the United States Medicaid program.
  • This Agreement enables MSPR to approach payers in Mexicos public health system to provide its reimbursement recovery services.
  • This Agreement stimulates collaboration between SeguriTechs innovative health solutions and infrastructure and MSPRs LifeWallet platform, which allows the secure storage, validation, and transfer of personal, medical and prescription data.

Lionheart Acquisition Corporation II Announces Clarification Regarding New Warrants and Updated Target Closing Date

Retrieved on: 
Saturday, May 21, 2022

Lionheart Acquisition Corporation II (Nasdaq: LCAPU, LCAP and LCAPW) (Company) announces a clarification on the issuance of New Warrants, as previously announced in connection with its business combination with MSP Recovery, LLC (the Business Combination).

Key Points: 
  • Lionheart Acquisition Corporation II (Nasdaq: LCAPU, LCAP and LCAPW) (Company) announces a clarification on the issuance of New Warrants, as previously announced in connection with its business combination with MSP Recovery, LLC (the Business Combination).
  • The Company will issue the New Warrants pursuant to a warrant agreement, substantially in the form attached as Annex M to the Registration Statement.
  • Lionheart Acquisition Corporation II is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • The communication should not be relied upon as representing our assessments as of any date subsequent to the date of this communication.