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Payments Recovery Firm MSP Said In Talks With Lionheart SPAC

MSP Recovery, a company that specializes in the recovery of Medicare and Medicaid secondary payments, is in talks to go public through a merger with Lionheart Acquisition Corp. II, a blank check-firm, according to people with knowledge of the matter.

Any transaction, if agreed, may be announced in coming weeks and could value the combined entity at more than $30 billion, one of the people said. MSP Recovery’s law firm affiliate may separate from its data business, which is in talks to be combined with the Lionheart SPAC, the people said. No terms have been finalized and it’s possible talks could collapse.