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.}
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).
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.
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.
Another "Sneaky" IPO is Pending for Utah as "Recent" Transplant Waystar Holdings Announces its Forthcoming Initial Public Offering
I predict that the soonest (and most likely IPO scenario for Waystar) is for its shares to begin trading the week of June 24—28, the week before the July 4th holiday.
Has Salt Lake City, Utah-based Seek Labs Cracked the Code on Defeating the Near 100% Deadly African Swine Fever Virus?
The United States is the world's largest exporter of pork. And at the hog level, U.S. producers generated roughly $28 billion from animal sales in 2022, while employing 610,000 workers.