Health
Hospitals Seen as Potential Growth Area for Litigation Financing
- Insurance fights put pressure on sector, says Burford Capital
- Firm, meanwhile, awaits potential US action in Argentina case
Litigation finance is a $15 billion industry in which investors fund lawsuits in exchange for any award or settlement if a case is successful.
Photographer: Bing Guan/BloombergThe litigation-financing industry could see new demand from an increase in health care lawsuits, according to Christopher Bogart, chief executive officer of litigation funder Burford Capital Ltd.
“There is such enormous economic pressure in the health care industry that it leads to a fair bit of bad behavior and quite a significant number of disputes,” he said during a media briefing Tuesday. “Insurance companies are increasingly difficult in paying health care claims. That’s probably true for you personally, but it’s also true for corporates.”