Top 12 Financial and Business News Nuggets from the Second Half of May 2024 that You Might have Missed
{NOTE: This writeup includes news about 12 Utah-based firms and five executives.}
David Politis
BREAKING NEWS: Waystar Holdings is Now a Publicly Traded Company and has Raised $967+ Million in Gross Proceeds from its IPO
Just 10 days after filing the 7th amendment of its Form S-1 with the U.S. Securities and Exchange Commission signaling its intent to sell shares via an Initial Public Offering, Lehi, Utah-based Waystar Holdings has done just that this morning (Friday, 07 May 2024) and is now a publicly
NEWS BRIEF: With a mere $15 Million Investment, PACS Group is Boosting its Footprint by Nearly 25% by Acquiring the Operations of 53 Healthcare Facilities in the Western U.S.
With the acquisition, PACS Group will see its footprint grow by nearly 25% to over 260 facilities, up from 218 facilities as of the end of the company's first quarter (ended 31 March 2024).
ANALYSIS/OPINION: I Suspect BYU'S Kevin Young is Likely to Become Its Most Transformative Head Coach Ever. Here's Why.
In less than two weeks in April 2024, Kevin Young went from being the most likely next head coach in the NBA to being named the new Head Coach of Men's Basketball at Brigham Young University, as its former HC, Mark Pope, bolted the environs of the Marriott
NEWS BRIEF: With a Combined Construction Budget of Nearly One-Quarter of a Billion Dollars, the UofU has Broken Ground on Two New Buildings
In total, the University of Utah will spend a combined $244 million to bring over 310,000-square-feet of instructional, administrative, and collaborative space on campus with these two new buildings.
NEWS BRIEF: Enbridge has Completed its $4.3 Billion Acquisition of Questar Gas from Dominion Energy
Enbridge and Dominion Energy originally announced this three-part acquisition/sale on 5 September 2023.
Utah's Top 10 Monetary, Financial, and/or Business Stories of May 2024
In our opinion, these 10 stories represent Utah's Top 10 Newsmakers in May 2024 across the monetary / financial / business ecosystem.