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Health

Providing perspective and contextual insights on the monetary aspects of the Healthcare market within the state of Utah, from medical providers to insurance and from nutraceuticals to medical devices.

The Top 11 Utah-focused Monetary, Financial and/or Business News Nuggets from the Second Half of July 2024 that You Might have Missed

The Top 11 Utah-focused Monetary, Financial and/or Business News Nuggets from the Second Half of July 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 11 Utah-based firms and eight separate executives that we feel

But Wait, There's More: Utah-based Recursion Pharmaceuticals is Acquiring UK-based Exscientia for $688 Million in an All-Stock Deal

But Wait, There's More: Utah-based Recursion Pharmaceuticals is Acquiring UK-based Exscientia for $688 Million in an All-Stock Deal

Early yesterday morning (Thursday, 08 August 2024), Salt Lake City, Utah-based Recursion Pharmaceuticals (NASDAQ:RXRX) announced that is "combining" with Oxford, England-based Exscientia (NASDAQ:EXAI) in an all-stock transaction that will create a global tech-enabled drug-development / drug-discovery powerhouse. Under terms of the agreement disclosed in yesterday's

Creation of the World's First "Neuromap" by Utah-based Recursion Pharmaceuticals Triggers a $30 Million Payment from Roche and Genentech

Creation of the World's First "Neuromap" by Utah-based Recursion Pharmaceuticals Triggers a $30 Million Payment from Roche and Genentech

Recursion breakthrough leads to new type of mapping the brain.

NEWS & ANALYSIS: Utah's R1 RCM has Boosted its Value by ~60% in Just One Month as it's Now Agreed to be Acquired in an All-Cash Deal at a Valuation of $8.9 Billion by TowerBrook and Clayton, Dubilier & Rice

NEWS & ANALYSIS: Utah's R1 RCM has Boosted its Value by ~60% in Just One Month as it's Now Agreed to be Acquired in an All-Cash Deal at a Valuation of $8.9 Billion by TowerBrook and Clayton, Dubilier & Rice

Sometimes, the best decision is to "hold out for a better offer."

Utah's Top 19 Monetary, Financial and/or Business News Nuggets from the First Half of July 2024 that You Might have Missed

Utah's Top 19 Monetary, Financial and/or Business News Nuggets from the First Half of July 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. So in this writeup, you'll find info about 27 Utah-based organizations and 14 separate executives that we feel

Utah-based Health Catalyst has Borrowed $125 Million from a New Credit Facility Worth up to $225 Million

Utah-based Health Catalyst has Borrowed $125 Million from a New Credit Facility Worth up to $225 Million

"Health Catalyst's solutions are currently empowered by trillions of datapoints gathered from over 100 million patient data records."

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,