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Astros transactions4/30/2023 Forward-looking statements may generally be identified by the use of words such as "anticipate," "believe," "expect," "intend," "plan" and "will" or, in each case, their negative, or other variations or comparable terminology. This press release contains forward-looking statements within the meaning of the federal securities laws. For more information, visit: .Ĭautionary Note Regarding Forward-Looking Statements LifeWallet provides comprehensible solutions for multiple industries including healthcare, legal, education, and sports NIL, while innovating technologies to help save lives. “Taken all together, they position LifeWallet for a strong 2023.”įounded in 2014, LifeWallet, has become a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, disrupting the antiquated healthcare reimbursement system with data-driven solutions to secure recoveries against responsible parties. “Collectively, these transactions demonstrate the significant value in our assets and the future of our company,” said CEO and founder John H. As part of such transactions, the Company also announced today that it has entered into a credit agreement providing the Company with $48 million worth of working capital entering into the second quarter of 2023. The Company expects definitive agreements with respect to such transactions to be entered into prior to the end of the first quarter. In a separate transaction, the Company expects to sell certain other claims in its portfolio to Hazel. The Company has previously reported recovering on similar accident-related litigation-based claims, 1st party demand letters, 3rd party demand letters, and case and lien recoveries at recovery multiples of 2.1x, 1,8x, 4.4x, and 1.7x, respectively. The Company currently anticipates purchasing the claim recovery rights at approximately $0.20 of the Paid Amount for specific case funnels, i.e., the identified recovery rights. d/b/a LifeWallet ( NASDAQ: LIFW) (“LifeWallet” or “LIFW” or the “Company”), filed a Form 8-k today with the United States Securities and Exchange Commission (the “SEC”) announcing that it has been actively negotiating a transaction with Hazel Partners Holdings, LLC – for which it previously announced a term sheet on Janu– with respect to the acquisition by the Company of certain recovery rights which are expected to be financed in part by a seller loan from Hazel. CORAL GABLES, Fla., Ma(GLOBE NEWSWIRE) - MSP Recovery, Inc.
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