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Finance

Providing perspective and contextual insights on the monetary aspects of the Finance industry within the state of Utah, from Banking to FinTech and from venture capital to cryptocurrency.

BREAKING NEWS: Utah's Cynosure Group Closes Blockbuster $750 Million "Growth Equity" Fund, Less Than 48 Hours After Donald Trump is Sworn-In as the 47th President of the United States

BREAKING NEWS: Utah's Cynosure Group Closes Blockbuster $750 Million "Growth Equity" Fund, Less Than 48 Hours After Donald Trump is Sworn-In as the 47th President of the United States

The $750 million fund is likely the largest ever raised by a private firm based in Utah. Less than 48 hours after Donald J. Trump was inaugurated as the 47th President of the United States, Salt Lake City, Utah-based Cynosure Group announced it has closed a blockbuster $750 million "

NEWS BRIEF: Extra Space Storage is Raising an Additional $355 Million in an Add-On Debt Offering

NEWS BRIEF: Extra Space Storage is Raising an Additional $355 Million in an Add-On Debt Offering

This new offering is expected to close on (or about), Wednesday, 22 January 2025. Cottonwood Heights, Utah-based Extra Space Storage (NYSE:EXR) is turning to Wall Street once again, this time to raise $355 million in an add-on debt offering of 5.5% senior notes due in 2030 (before expenses)

With Another Planned Acquisition, Health Catalyst is at it Again, This Time for $86 Million to $119.4 Million

With Another Planned Acquisition, Health Catalyst is at it Again, This Time for $86 Million to $119.4 Million

However, it was Health Catalyst's "hidden in plain sight" financial projections from a just released Investor Presentation that really caught my attention. Less than one month after it announced its $43 million acquisition of Intraprise Health, South Jordan, Utah-based Health Catalyst (NASDAQ:HCAT) has announced it

University of Utah Health has landed a CEO, while Merit Medical Systems' President has Resigned Following an Internal Investigation

University of Utah Health has landed a CEO, while Merit Medical Systems' President has Resigned Following an Internal Investigation

A neurosurgical oncologist, Bob S. Carter, M.D., Ph.D. (the Neurosurgeon-In-Chief for Mass General Brigham, Massachusetts General Hospital and Brigham and Women’s Hospital, as well as the current William and Elizabeth Sweet Endowed Professor in Neuroscience at Harvard Medical School), has been tapped as the new CEO for

You Were Right; UDOT was VERY Busy Last Year.

You Were Right; UDOT was VERY Busy Last Year.

It turns out your grumbling about the amount of Utah construction work on highways, freeways, and bridges was correct. The Utah Department of Transportation was very busy in 2024. In summary, according to its detailed press announcement (distributed yesterday morning), UDOT * Completed 138 projects statewide last year, * Spending roughly $1

CATCHING-UP: The Top 49 Utah-focused Monetary, Financial and/or Business News Nuggets for the Last Quarter of 2024 that You Might have Missed

CATCHING-UP: The Top 49 Utah-focused Monetary, Financial and/or Business News Nuggets for the Last Quarter of 2024 that You Might have Missed

{AUTHOR'S NOTE: With apologies in advance, it's clear that things got a bit hectic for "Yours Truly" in the latter part of the year, especially with the births of a grandson in October and a granddaughter in November, as well as landing two new

EXCLUSIVE: Utah's Dynamic City Capital Bets Big on "Mickey" by Apparently Buying Two Anaheim Hotels for $303 Million

EXCLUSIVE: Utah's Dynamic City Capital Bets Big on "Mickey" by Apparently Buying Two Anaheim Hotels for $303 Million

With these two most recent acquisitions, the valuation of Dynamic City's portfolio of hospitality real estate properties far exceeds $1 billion in Assets Under Management (AUM). In news not previously published in Utah, Provo, Utah-based Dynamic City Capital has purchased two Anaheim, California hotels for $303 million. With