CORAL GABLES, Fla., Sept. 22, 2022 (GLOBE NEWSWIRE) — MSP Recovery, Inc. (“MSP Recovery” or “MSPR”) today released a business update.

• The company announced continued growth and new clients, including healthcare provider networks and facilities with more than 1,800 providers and scientists and more than 30 outpatient locations.
• Initial payments received by MSPR in response to individual claims packages to date have averaged 284% of the Paid Value of Potentially Recoverable Claims (“PVPRC”). For reference, MSPR’s previous settlement with Ocean Harbor Insurance resulted in recoveries of 350% (3.5 times) of the PVPRC in respect of Parts A and D and 200% (2 times) of the PVPRC for Part B. Other Settlement Agreements have been agreed with amounts between 400% and 600% (4 to 6 times) of the PVPRC.
• LifeWallet has begun rolling out the LifeWallet Legal Referral Service, which will allow LifeWallet to generate revenue from attorneys across the country and Puerto Rico.
  

Today, MSPR, a leader in Medicare, Medicaid, commercial and secondary reimbursement and technology, announces additional portfolio growth and insights into recent individual claim recovery multiples while expanding its LifeWallet platform.

MSP Recovery recently announced that it has grown from originally having 11,000 unique healthcare members in its portfolio in 2014 more than 34 million unique healthcare members As of August 11, 2022. Today the company announced that it continues to grow, receiving additional claims data from 11 existing cedants and entering into agreements with new cedants. These new recovery agreements include healthcare provider networks and units with more than 1,800 providers and scientists and more than 30 outpatient locations. MSPR also anticipates receiving additional data from 31 medical providers, hospital systems, and other healthcare entities that already have agreements to provide…