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FTC brings suit to block Utah hospital merger

John Rogers Portraying the two companies as competing rivals in Utah, the Federal Trade Commission has brought an administrative complaint and a lawsuit in federal court to block the proposed merger between Utah hospital operators HCA Healthcare and Steward Health Care System.…

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Times get a little tougher, consumer confidence drops

Utah’s consumer sentiment fell in May, but not as much as the nation’s. The Kem C. Gardner Policy Institute’s Survey of Utah Consumers in May resulted in an index of 69, down from 72.4 in April. Meanwhile, a University of Michigan index for the country slipped from 65.7 in April…

Staff

Jun 13

State's 10-year economic plan: Create prosperity for all Utahns

Brice Wallace The state has unveiled — again — its long-term economic plan. The 10-year plan was approved by the Unified Economic Opportunity Commission at its most recent meeting. Highlights of the plan were included in a slide deck presented in September to a legislative…

Hedge becomes president of Inland Port

Upon the recommendation of Executive Director Jack Hedge, the board of directors of the Utah Inland Port Authority has created the new role of president and appointed Hedge to the position. The board will move immediately to replace Hedge in the executive director position. The…

Last commercial airline pulls out of Ogden airport

Commercial air service is a thing of the past at the Ogden-Hinckley Airport. Allegiant Air has confirmed Friday it stopped flights to Ogden in April and Avelo Airlines will cease service with its last flight on June 26, according to airport manager Bryant Garrett. Allegiant Air…

ARS buys three Utah firms

An affiliated group of Utah mechanical service companies has been acquired by Memphis, Tennessee-based American Residential Services (ARS). The company, which does business as ARS/Rescue Rooter, purchased Absolute Air of Mapleton, Captain Electric of Orem and OyBoy Heating and…

NexHealth moves operations from San Francisco to SLC

NexHealth, a patient experience platform built for doctors and developers, is moving the majority of its core operations to Salt Lake City from San Francisco. The move comes on the heels of a $125 million funding round resulting in a $1 billion valuation of the company.…

Civica announces McCoy as new president; VanTrieste to remain on board

Civica Inc., a Lehi-based nonprofit generic drug company, has announced that Ned McCoy, currently Civica’s chief operating officer, has succeeded Martin Van-Trieste as Civica’s president and CEO. The change was effective June 1. VanTrieste will remain an advisor to the company…

31 Jones Waldo attorneys move to Parsons

The Salt Lake City law firm of Parsons Behle & Latimer has hired 31 attorneys from Jones Waldo Holbrook & McDonough. Now with more than 180 attorneys, the move makes Parsons one of the largest law firms in the Intermountain West. Parsons also announced that it has opened a new…

Nitto acquires Farmington's Bend Labs

Technology company Nitto Denko Corp. of Osaka, Japan, has acquired Farmington’s Bend Labs Inc., a provider of sensor device technology. On June 1, Bend became part of Nitto Group and changed its name to Nitto Bend Technologies. Nitto develops new products and services by…

Go Utah launches federal program to increase credit access to small business

The state has launched a federal program designed to expand access to capital, promote economic resiliency, create new jobs and increase economic opportunity in Utah. The Governor’s Office of Economic Opportunity (Go Utah) has established the State Small Business Credit…

Legislature scores high with NFIB

The National Federation of Independent Businesses has released its report on the voting records of Utah lawmakers. The results give the state’s Legislature a claim to being the most pro-small-business state in the nation, the NFIB said. At the end of every two-year legislative…

Eltropy acquires POPi/o

Milpias, California-based Eltropy, a messaging platform for financial institutions to engage with customers, has acquired POPi/o of Sandy. POPi/o provides video banking and collaboration technology, including mobile, web and in-branch video software solutions. “The acquisition…

SugarHouse Industries buys Imaginos

SugarHouse Industries, a provider of awnings, boat covers and other canvas products based in Salt Lake City, has acquired Imaginos, a Murray-based provider of large-format printing services to the entertainment, education and political markets. SugarHouse Print Solutions, a…

Lehi's Boomsourcing bought

Fusion, a business process outsourcing company based in Canton, Ohio, has acquired Boomsourcing, a Lehi-based outsourcing solution provider serving the U.S., Mexico and the Philippines. Boomsourcing is now a part of Fusion Group. Boomsourcing was founded in 2007 and has five…

Succeeding in Your Business: There are really only four reasons to do anything

Cliff Ennico “I left corporate America a few years ago. While I wouldn’t go back in a million years, I have to confess that I’m struggling right now. “In addition to running my own Internet business out of the house, I’m on the boards of three local nonprofit organizations, and…

Innovate Utah NEW IDEAS, PRODUCTS AND SERVICES FROM UTAH COMPANIES

KT Tape , an American Fork-based provider of kinesiology tape and exercise recovery products, has released KTHealth+ AIM , a daily drink mix designed to help improve the body’s inflammatory response to the aches and pains associated with physical exertion. AIM is a drug-free…

CORPORATE FINANCIAL REPORTS 6-13-22

The following are recent financial reports as posted by selected Utah corporations: Sportsman’s Warehouse Sportsman’s Warehouse Holdings Inc., based in West Jordan, reported net income of $2 million, or 5 cents per share, for the quarter ended April 30. That compares with $10.5…

CCIM names its Excellence Award winners for 2022

The Utah Chapter of CCIM honored its 2022 Excellence Awards winners at a recent event at the Grand America Hotel in Salt Lake City. The annual awards program honored professionals within Utah’s commercial real estate industry “who exemplify the highest degree of business…

Survey: Values rate high with U.S. workers

Values, especially well-being, honesty and respect, are more important to workers even than higher pay, according to new research from Provo-based experience management platform Qualtrics. More than half of U.S. employees (54 percent) would be willing to take a pay cut to work…