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
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,
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
{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
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
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
BREAKING NEWS: Salt Lake City-based Recursion Pharmaceuticals Announces a $200 Million Public Offering
Salt Lake City, Utah-based Recursion Pharmaceuticals (NASDAQ:RXRX) announced last Wednesday, 26 June 2024, that it plans to raise $200 million in a secondary public offering.
According to its news release, Recursion "... intends to offer and sell $200 million of shares of its Class A common stock in an