Brief: MSP Recovery Enters Into $3 Billion Agreement To Sell Select Healthcare Claims Recoveries To Virage Capital Management
30/09/2021 21:12
Sept 30 (Reuters) - Lionheart Acquisition Corporation II
LCAP.O :
* PRESS RELEASE - MSP RECOVERY ENTERS INTO $3 BILLION
AGREEMENT TO
SELL SELECT HEALTHCARE CLAIMS RECOVERIES TO VIRAGE CAPITAL
MANAGEMENT, AN ANTICIPATED NEW SOURCE OF REVENUE FOR MSP
* MSP RECOVERY - AGREEMENT GIVES VIRAGE RIGHT TO BUY
RECOVERIES
OTHERWISE DUE TO MSP'S ASSIGNORS, UP TO AN AGGREGATE TOTAL OF $3
BILLION
* MSP RECOVERY - MSP'S 50% SHARE OF RECOVERY AMOUNT REMAINS
UNTOUCHED BY AGREEMENT
Source text for Eikon: ID:nBw1bYwHna
Further company coverage: LCAP.O
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