MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet,” or the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced the consolidation of all its products, services, and lines of business under a unified company brand: MSP Recovery. The return to its original name reflects the Company’s commitment to the expansion of its core business, innovating technological solutions to achieve secondary payer reimbursement recoveries.
In connection therewith, the Company’s common stock will begin trading on Nasdaq under the ticker symbol “MSPR” on December 9, 2024. This ticker symbol will replace the Company’s current ticker symbol for its common stock, “LIFW.” Additionally, the Company’s publicly traded warrants to purchase common stock will begin trading under the ticker symbols “MSPRW” and “MSPRZ.” These ticker symbols will replace the Company’s current ticker symbols for its publicly traded warrants, “LIFWW” and “LIFWZ,” respectively.
The return to the MSP Recovery name highlights the Company’s dedication to its roots while embracing future opportunities for growth. By leveraging its extensive expertise in Medicare Secondary Payer reimbursement recovery and advanced proprietary technology, MSP Recovery remains at the forefront of driving efficiency, creating solutions, and optimizing outcomes for the healthcare and legal industries.
MSP Recovery Founder and CEO John H. Ruiz said, “MSP Recovery has always been synonymous with our commitment to innovation, integrity, and excellence in the healthcare reimbursement recovery space.” He continued, "This change underscores our expanding core business operations and commitment to combating systemic Medicare waste, affecting the nation’s healthcare system and patient care. Our decade-long efforts to reduce healthcare costs and improve efficiency aligns with initiatives of President-elect Donald Trump’s newly formed advisory committee, Department of Government Efficiency (DOGE).”
MSP Recovery is dedicated to discovering and recovering substantial improper payments within the Medicare and Medicaid systems, particularly focusing on the Medicare Advantage program. These improper payments often result from communication failures among stakeholders, leading to Medicare erroneously covering accident-related injuries and failing to recuperate those funds.
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