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
"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.
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
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
Four Major Sports Business Moves in Utah over the First Two Days of July 2024
In case you missed it, the state of Utah saw four significant sports business announcements made in the first two days of July: Two from the University of Utah, one from Utah State University, and last but not least, the announcement with the biggest potential financial impact, news involving Smith
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