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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: Salt Lake County and the "Wasatch Back" Will Receive a Combined Total of Over $34.3 Million In Federal Grant Monies to Replace Older Diesel Buses with Electric Buses

BREAKING NEWS: Salt Lake County and the "Wasatch Back" Will Receive a Combined Total of Over $34.3 Million In Federal Grant Monies to Replace Older Diesel Buses with Electric Buses

The U.S. Department of Transportation is granting a total of over $34.3 million to replace older diesel buses with new electric buses in both Salt Lake County and portions of Summit County, Utah (known locally as the "Wasatch Back.") Specifically, the Federal Transit Administration of the

LEGAL BRIEFS: Sentencing in Two Utah Cases Produce Penalties of $2 Million Each: One for the Death of a Salt Lake County Jail Inmate and the Other for a Multiyear Mail Fraud Scheme

LEGAL BRIEFS: Sentencing in Two Utah Cases Produce Penalties of $2 Million Each: One for the Death of a Salt Lake County Jail Inmate and the Other for a Multiyear Mail Fraud Scheme

Salt Lake City, Utah-based Wellcon must pay $2.0 million because one of its medical employees withheld prescription medication from a Salt Lake County Jail inmate. This violation "breached the medical standard of care and caused injury, pain, suffering ..." and the death of the inmate, Jeremy Aus. Separately,

ICYMI: L3Harris Technologies has Landed a Five-Year $999 Million Contract and Half of the Work will be Completed in Utah

ICYMI: L3Harris Technologies has Landed a Five-Year $999 Million Contract and Half of the Work will be Completed in Utah

Sometimes, an announcement doesn't hit our regular sources of information in a timely fashion. This is one of those times.

A Huge Thanks to Garrett Clark and Silicon Slopes for Having Me on the Silicon Slopes Show

A Huge Thanks to Garrett Clark and Silicon Slopes for Having Me on the Silicon Slopes Show

"I started Utah Money Watch as the first proof point to say, 'Is there a way that I can help anybody who's in Utah, or is interested in Utah, (to) learn what's really going on from a monetary-financial standpoint and not just a regurgitation of press releases?'"

Utah's Top 15 Monetary, Financial and/or Business News Nuggets from the Second Half of June 2024 that You Might have Missed

Utah's Top 15 Monetary, Financial and/or Business News Nuggets from the Second Half of June 2024 that You Might have Missed

{AUTHOR'S NOTE: Clearly, not every news announcement deserves to be the top story of the day. Nevertheless, many news items are significant and should be acknowledged as such. And in this writeup, you'll find info about 15 Utah-based firms and nine separate executives or celebrities. This

NEWS BRIEF: Utah-based Merit Medical Systems Just Spent 4X Revenue, $105 Million, to Acquire Certain Assets of EndoGastric Solutions in an All-Cash Transaction

NEWS BRIEF: Utah-based Merit Medical Systems Just Spent 4X Revenue, $105 Million, to Acquire Certain Assets of EndoGastric Solutions in an All-Cash Transaction

South Jordan, Utah-based Merit Medical Systems (NASDAQ:MMSI) has acquired certain medical device assets of Redmond, Washington-based EndoGastric Solutions for $105 million in an all-cash transaction, at 4X 2023 revenue. According to the news release announcing the asset purchase agreement, Merit has acquired the EsophyX Z+ device from EndoGastric, a

BREAKING NEWS: Utah-based R1 RCM Receives Updated All-Cash "Take Private" Offer of ~$5.58 Billion from New Mountain Capital in a Proposed "Go It Alone" Deal

BREAKING NEWS: Utah-based R1 RCM Receives Updated All-Cash "Take Private" Offer of ~$5.58 Billion from New Mountain Capital in a Proposed "Go It Alone" Deal

As one of the largest "Revenue-Cycle-Management" players in the healthcare industry, Murray, Utah-based R1 RCM has been in acquisition talks with various private equity and investment entities since January 2022. However, in the latest twist to this ongoing saga, New York City-based New Mountain Capital has notified R1