
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
- About
MSP Recovery Inc (MSPR)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/14/2025: MSPR (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $3
1 Year Target Price $3
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -64.85% | Avg. Invested days 17 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 5.52M USD | Price to earnings Ratio - | 1Y Target Price 3 |
Price to earnings Ratio - | 1Y Target Price 3 | ||
Volume (30-day avg) 1 | Beta -2.42 | 52 Weeks Range 0.56 - 7.45 | Updated Date 08/15/2025 |
52 Weeks Range 0.56 - 7.45 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -362.21 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -15173.83% |
Management Effectiveness
Return on Assets (TTM) -13.41% | Return on Equity (TTM) -366.92% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 820753037 | Price to Sales(TTM) 0.42 |
Enterprise Value 820753037 | Price to Sales(TTM) 0.42 | ||
Enterprise Value to Revenue 62.72 | Enterprise Value to EBITDA 38.79 | Shares Outstanding 5876730 | Shares Floating 2906994 |
Shares Outstanding 5876730 | Shares Floating 2906994 | ||
Percent Insiders 38.28 | Percent Institutions 8.93 |
Upturn AI SWOT
MSP Recovery Inc
Company Overview
History and Background
MSP Recovery, Inc. (NASDAQ:MSPR) was founded in 2014. It focuses on recovering improperly paid claims in the healthcare industry, particularly those related to Medicare and Medicaid Secondary Payer (MSP) regulations. The company has undergone several transformations, including a merger with Lionheart Acquisition Corporation II in 2022 to become a publicly traded company.
Core Business Areas
- Medicare/Medicaid Secondary Payer (MSP) Recovery: Identifies and recovers claims where Medicare or Medicaid improperly paid as the primary payer when another entity, such as a private insurer or workers' compensation plan, should have been responsible.
- Data Analytics and Claims Processing: Utilizes data analytics to identify potential recovery opportunities and manages the claims recovery process.
- Healthcare Lien Resolution: Assists healthcare providers and insurers in resolving complex lien disputes.
Leadership and Structure
John H. Ruiz is the founder and CEO. The company has a board of directors overseeing its operations and strategic direction.
Top Products and Market Share
Key Offerings
- Medicare Secondary Payer (MSP) Recovery Services: MSP Recovery's primary service involves identifying and recovering healthcare claims that should have been paid by other insurers before Medicare or Medicaid. No specific market share data is publicly available. Competitors include Cotiviti, Optum, and HMS (now Gainwell Technologies).
- Life Insurance Claims Recovery: MSP Recovery has expanded into recovering claims related to life insurance benefits that may have been improperly paid. Specific data unavailable. Competitors include other large MSP recovery firms.
Market Dynamics
Industry Overview
The healthcare claims recovery industry is driven by the complexity of healthcare billing and insurance regulations, leading to frequent errors and improper payments. The industry is growing due to increased regulatory scrutiny and the rising cost of healthcare.
Positioning
MSP Recovery positions itself as a technology-driven solution for identifying and recovering improper healthcare payments, focusing on the MSP arena. Its competitive advantage lies in its proprietary data analytics platform. The position it has in the market is relatively strong due to the lack of other players that provide similar services.
Total Addressable Market (TAM)
The estimated TAM for improper healthcare payments is substantial, potentially reaching hundreds of billions of dollars annually. MSP Recovery is positioned to capture a portion of this market through its recovery services.
Upturn SWOT Analysis
Strengths
- Proprietary Data Analytics Platform
- Expertise in MSP Regulations
- Scalable Business Model
- Established Relationships with Healthcare Payers
Weaknesses
- Reliance on Complex Legal and Regulatory Framework
- High Operating Costs
- History of net losses and financial instability
- Concentration of revenue in large claims
Opportunities
- Expansion into New Healthcare Sectors
- Strategic Acquisitions to Increase Market Share
- Increased Regulatory Scrutiny of Improper Healthcare Payments
- Technological Advancements in Data Analytics
Threats
- Changes in Healthcare Regulations
- Increased Competition from Other Recovery Firms
- Litigation Risks Related to Claims Recovery
- Economic Downturn Impacting Healthcare Spending
Competitors and Market Share
Key Competitors
- COTV
- UNH
- GBL
Competitive Landscape
MSP Recovery faces stiff competition from larger, more established players with greater resources and a broader range of services. Its competitive advantage is its specialized focus on MSP recovery, however, this advantage isn't defensible in the long run.
Major Acquisitions
DataScan
- Year: 2017
- Acquisition Price (USD millions): 150
- Strategic Rationale: Expanded data analytics capabilities.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is difficult to assess due to the limited period as a public company and prior private operations.
Future Projections: Future growth projections are highly speculative and dependent on the successful resolution of ongoing claims and new business development. Analyst estimates vary widely.
Recent Initiatives: Focus on expanding service offerings beyond Medicare/Medicaid and engaging with other sectors within the healthcare ecosystem.
Summary
MSP Recovery is a company focused on a niche market of recovering improperly paid claims in the healthcare industry, with its proprietary data analytics platform being a key strength. However, the company faces challenges due to its reliance on complex legal and regulatory frameworks, and a history of net losses. Successful resolution of large claims lawsuits is critical for improving their financial stability, as is competition from more established players with greater resources. The company's long-term viability is uncertain unless profitability and cash flow issues are addressed.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Market Research Reports
- Press Releases
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MSP Recovery Inc
Exchange NASDAQ | Headquaters Miami, FL, United States | ||
IPO Launch date 2020-10-21 | Founder, CEO & Chair of the Board Mr. John H. Ruiz | ||
Sector Healthcare | Industry Health Information Services | Full time employees 78 | Website https://www.msprecovery.com |
Full time employees 78 | Website https://www.msprecovery.com |
MSP Recovery, Inc., doing business as LifeWallet, operates as a healthcare recovery and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights. It also provides LifeWallet, a scalable and expandable data ecosystem where tokenized data is stored in a platform with multiple applications, including LifeWallet EHR for hospitals, medical providers, major medical laboratories, and governmental entities that gather and store electronic health records; Chase to Pay, a real-time or near real-time analytics driven platform that identifies the proper primary payer at the point of care; LifeChain, a platform built with a patient centric focus and provides data analysis tailored to the practice; LifeWallet 911, which is in development for utilization by emergency service organizations; LifeWallet Legal; LifeWallet Health; and LifeWallet Sports, which connects brands with college athletes. The company was founded in 2014 and is headquartered in Miami, Florida.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.