Marpai Inc

Marpai, Inc. is a technology-driven healthcare payer company in the United States. It provides third-party administrator and value-oriented health plan services to self-insured employers that directly pay for employee health benefits. Its in-house ancillary services include clinical care management, repricing insights for out-of-network claims, Marpai PACCS pharmacy advocacy cost containment, and MarpaiRx national pharmacy benefit management. The company also offers health plan administration, third-party vendor services, and complementary services such as case management, actuarial, and bill review. Incorporated in 2021, Marpai is based in Tampa, Florida.

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Marpai signs debt restructuring deals with JGB Capital and AXA S.A.

Marpai announced on Monday that it signed debt restructuring agreements with its principal lenders, JGB Capital and AXA S.A., to improve financial flexibility. The restructuring is expected to reduce near-term debt service by more than $26 million, ease liquidity pressure, and better align repayments with expected cash flows. The company extended its JGB debt maturity to April 15, 2028, and its AXA debt maturity to December 31, 2029. CEO Damien Lamendola said the restructuring provides additional financial flexibility and is expected to support investments, technology development, business expansion, and long-term growth.

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