Announced
Completed
Financials
Tags
Friendly
medicare management
health care solutions
Private
Acquisition
Merger
Single Bidder
Majority
Reverse Takeover
De-SPAC
Domestic
Health Care Services
United States
Completed
Synopsis
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.
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