MSP Recovery went public via a SPAC merger with Lionheart Acquisition II in a $32.6bn deal.

MSP Recovery, which helps recover money from Medicare and Medicaid secondary payments, went public via a SPAC merger with Lionheart Acquisition II, a special purpose acquisition company, in a $32.6bn deal. "MSP identified fragmented data infrastructure both in the insurance and healthcare industries and developed a revolutionary solution: a pioneering data analytics platform that efficiently identifies and uncovers historical waste, helps to support the long-term sustainability of Medicare and Medicaid programs, and recovers monies owed to hospitals, health insurance companies and medical providers. Unlocking this explosive growth asset class, which has historically only been available to institutional investors, is exactly the type of opportunity that Lionheart has set out to bring to its shareholders," Ophir Sternberg, Lionheart Chairman and CEO.