MSP Recovery Inc (LIFW) News

LifeWallet Acquires Assignment of Additional MSP Claims with an Overall Paid Amount Exceeding $10.6 billion Comprised of Over 450,000 Medicare Members and Announces it Secured a Waiver of Acceleration on a Second Loan Agreement in the Event of a Negative Going Concern
October 2, 2024
https://investor.lifewallet.com/news-releases/news-release-details/lifewallet-acquires-assignment-additional-msp-claims-overall
MIAMI, Oct. 02, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet” or “the Company”), as previously announced on August 2, 2024, today LifeWallet entered into a definitive agreement with Hazel Partners Holdings LLC consistent with the letter agreement.1 LifeWallet acquired the recovery rights to claims as per its assignment of additional Medicare Secondary Payer claims consisting of more than 450,000 Medicare members, as documented by health insurance plans, with an estimated total claims paid amount exceeding $10.6 billion.2

This latest assignment of Medicare Secondary Payer claims exemplifies LifeWallet’s continued progress in acquiring additional healthcare claims, paving the way for the discovery and potential recovery of improperly paid claims on the part of Medicare Payers. Because of LifeWallet’s existing settlements with insurance companies, any claims pertaining to insurance companies that have already been settled, would be processed under the terms of the settlement without having to resort to costly and time-consuming litigation.

In addition to providing historic claims payment reconciliation, these claims will be onboarded onto the LifeWallet Palantir clearinghouse system, a sophisticated data analytics system created through an exclusive healthcare partnership with Palantir Technologies (NYSE: PLTR). This system utilizes the Palantir Foundry platform through the development of new technological tools and machine learning. It captures and manages healthcare data effectively, enhancing the identification of improper payments.

This further enhances LifeWallet’s Chase to Pay model, utilizing its extensive legal infrastructure to enforce Primary Payer obligations through years of federal and state litigation to the extent the health insurance plans are signed. The Company continues to create reimbursement recovery solutions for health insurance plans and healthcare providers, discovering Medicare liens owed to them, capturing instances where another payer should be paying for medical bills, saving the health insurance plans money by not having to pay claims they are not responsible for, and recovering conditional payments from responsible primary payers, such as property and casualty insurers.

LifeWallet’s CIO, Christopher Miranda, said of today’s announcement, “This builds upon the Company’s more than ten-year commitment to revolutionize the fragmented healthcare reimbursement system with data-driven solutions, resulting in improved outcomes for healthcare payers, providers, leading to improved patient care.”

Waiver from Hazel Partners Holdings, LLC and Virage Capital Partners

LifeWallet also announces the waiver of a payment acceleration clause pursuant to a material credit agreement. Hazel Partners Holdings, LLC (“Hazel”) agreed to waive a provision of the Second Amended and Restated Credit Agreement, as amended, that otherwise would have accelerated the payment of amounts due in the event that the Company receives a negative going concern opinion from its auditors. This waiver only applies in the event that the Company receives a negative going concern opinion for the fiscal year ending December 31, 2024. This is in addition to a previous waiver of acceleration also granted by its largest creditor, Virage Capital Partners (“Virage”). On September 6, 2024, Virage agreed to waive a provision of the Company’s Master Transaction Agreement that would accelerate the payment of amounts due to Virage in the event the Company receives a negative going concern opinion from its auditors for the year ending December 31, 2024. The company continues to work on expense reductions and efforts to restructure existing debt while monitoring its deployment of cash and increasing its liquidity inflows.

LIFW...1745...0ff the .13 range bottom...🥳

georgie18

Member Level
Re: georgie18 post# 659903

Tuesday, October 01, 2024 11:50:25 AM

Post#
659905
of 660066
LIFW...1375...Hitting a bottom here...🥳

LIFW...1581...on the Reversal Candle...🥳

LIFW...1457...Reversing here...🥳

LIFW...1411X1412...🥳Reversing here...

LIFW...1375...Hitting a bottom here...🥳

Garbage a R/S on the way. POS Company

LIFW...186...Trying to Reverse here...Upside down on this trade so far...Need Break/Hold of .21...🥳

georgie18

Member Level
Re: georgie18 post# 411

Wednesday, September 18, 2024 10:15:27 AM

Post#
413
of 413
LIFW...1705...Trying to reverse here...🥳

georgie18

Member Level
Re: georgie18 post# 653510

Friday, August 23, 2024 12:53:33 PM

Post#
655034
of 658205
LIFW...273...Off my .2566 range alert...🥳

georgie18

Member Level
Re: georgie18 post# 408

Wednesday, August 14, 2024 4:19:17 PM

Post#
409
of 410
LIFW...2566... https://schrts.co/Nnetptqf ...been scaling in here...adding here on the dip...🥳

LIFW...1705...Trying to reverse here...🥳

georgie18

Member Level
Re: georgie18 post# 653510

Friday, August 23, 2024 12:53:33 PM

Post#
655034
of 658205
LIFW...273...Off my .2566 range alert...🥳

georgie18

Member Level
Re: georgie18 post# 408

Wednesday, August 14, 2024 4:19:17 PM

Post#
409
of 410
LIFW...2566... https://schrts.co/Nnetptqf ...been scaling in here...adding here on the dip...🥳

LIFW.........................................https://stockcharts.com/h-sc/ui?s=LIFW&p=W&b=5&g=0&id=p86431144783

LIFW...273...Off my .2566 range alert...🥳

georgie18

Member Level
Re: georgie18 post# 408

Wednesday, August 14, 2024 4:19:17 PM

Post#
409
of 410
LIFW...2566... https://schrts.co/Nnetptqf ...been scaling in here...adding here on the dip...🥳

33-39

LIFW...2566... https://schrts.co/Nnetptqf ...been scaling in here...adding here on the dip...🥳

LIFW...37...Reload...following the .90 plus range move...🥳

Yes Indeed...Hit in the 90s but now back down to 49s this morning...🥳

LIFW...............................https://stockcharts.com/h-sc/ui?s=LIFW&p=W&b=5&g=0&id=p86431144783

We have some LIFE recovery

LIFW...4601... https://schrts.co/ZPFeDCsN ...starting to get some volume here...🥳

LIFW new 52 week low

LIFW new 52 week low

LIFW new 52 week low

LIFW new 52 week low

LIFW new 52 week low

Here's your 50 - 75 cents right here lol... knew it would get here... time for a pop yet to $5-10?

LIFW new 52 week low

Crazy

LIFW under $2

post the news why dont ya LOL

LOL

Knock knock who’s there

LIFW 10Q due March 8

LIFW......................................https://stockcharts.com/h-sc/ui?s=LIFW&p=W&b=5&g=0&id=p86431144783

This is now worth .03 cents pre 1 for 25 split... They're definetly diluting. If it wasn't obvious at 4-6$... what will you say at .50 - .75 cents lol...

Can it rip back up, of course it can... it only takes a couple of million dollars to push it up a few bucks and an eager, greedy market maker/ pump&Dump group, or insider

LIFW new 52 week low

Just patiently waiting for this to happen.

Lol big run coming eh? This just keeps going lower and lower, the Warrants are staying the same....

Can it go to 5+ sure...

Can it go lower to .50, absolutely...

But on the next best run, I think this will go 2-3$ tops if it moves at all...

Financials look terrible, you can't even get a single individual to post onto this forum lol...

Time for a megarun here, like it happened last time when the price went up to $10!

Very strong support at these levels. It's going up.

Good morning all!

It's possible to see the $1.4's in AH.

The next upside wave will break the HOD.

Becoming green.

Time to move up. Breaking the 1.2.

Buy at these levels! This is going to run for days, like it happened last time when it went up to 10's.

Literally every other ticker moves up periodically and makes 20-100%+ gains at some point... but this Dilutive business structure of "paying athletes" from the investment of shareholders, or incurring debts with loans etc?

When news you diluting pricks

Warrants building up. 60% on the day. Chart shows another pop is coming .01+

My warrants are up over 50%

I guess it's ready to tank again? Lol

On the day it ran from 2.80 to 17s. There was 80 million+ volume