Report: MSP, Lionheart SPAC in talks

MSP recovery, which recovers Medicare and Medicaid secondary payments for patients, is in talks to go public through a merger with Lionheart Acquisition Corp. II, an ad hoc acquisition company (SPAC), Bloomberg reported.

A deal could be announced in the coming weeks to set up a company valued at more than $ 30 billion, Bloomberg reported, citing an anonymous source.

As part of the negotiation, the law firm affiliated with MSP Recovery could part ways with its data business, according to Bloomberg. The latter is in talks to be combined with the Lionheart SPAC. The deal is not finalized and could still collapse.

Neither an MSP representative nor a Lionheart spokesperson has commented to Bloomberg on his report on the merger talks.

A June PYMNTS study shows that over 60% of Healthcare Payments Innovation Playbook respondents want medical payment plans for all of their doctor’s visits.

The Playbook noted that “most patients are interested in payment plans and streamlined payment processes, but many have had unpleasant surprises when paying their bills. Frictions at checkout can be removed by providing clear, highly visual information that details the billing process, payment options, and co-payments.

Lionheart raised $ 230 million during its initial public offering (IPO) in August, and the CEO Ophir Sternberg said at the time that the company would not focus on industry, sector or geography, but would merge with a company focused on the use of digital technology and technological services in all aspects of the real estate industry, Bloomberg reported.

MSP, who is based in Coral Gables, Fla., Does the trick as Target Lionheart. It operates a platform that specializes in claims collection, only being paid after those collections are finalized, according to Bloomberg.



About the study: UK consumers see local purchases as essential for both supporting the economy and preserving the environment, but many local High Street businesses are struggling to get them in. In the new Making Loyalty Work For Small Businesses study, PYMNTS surveys 1,115 UK consumers to find out how offering personalized loyalty programs can help engage new High Street shoppers.

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