PYMNTS.com October 1, 2024
Thanks to a growing number of healthcare lawsuits, litigation financers could see new demand from hospitals, Bloomberg said in a Tuesday (Oct. 1) report.
The litigation finance industry is worth $15 billion and is one where investors pay for lawsuits in exchange for any award or settlement if a case is successful.
“There is such enormous economic pressure in the healthcare industry that it leads to a fair bit of bad behavior and quite a significant number of disputes,” Christopher Bogart, chief executive officer of litigation funder Burford Capital, said during a media briefing on Tuesday, according to Bloomberg.
“Insurance companies are increasingly difficult in paying healthcare claims,” he added. “That’s probably true for you personally, but it’s also true...
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