Hospitals Seen as Potential Growth Area for Litigation Financing.

The litigation-financing industry may experience increased demand due to a rise in health care lawsuits, according to Christopher Bogart, CEO of Burford Capital Ltd. Bogart explains that economic pressures in the health care industry often lead to disputes, as insurance companies are increasingly difficult in paying health care claims. Hospitals are now seeking litigation financing to address this issue, with some bundling cases together for larger arbitration or litigation actions. Burford Capital, a publicly traded company with a portfolio of over $7 billion, gained attention for backing entities that won a $16 billion judgment against Argentina. The US is currently considering whether to file a statement of interest regarding Burford's request for Argentina to turn over its 51% interest in state oil company YPF SA. [Extracted from the article]