The Moody Neurorehabilitation Institute is expected to be finished in 2023. Image courtesy of Moody Neurorehabilitation Institute

The Moody Neurorehabilitation Institute broke ground July 14 on a 64,000-square-foot research and rehabilitation center at Nassau Bay's Space Park, near NASA's Johnson Space Center.

The Nassau Bay City Council granted a permit last year for the project, which will provide room for up to 40 residential patients and space for outpatient services. About 150 people will work at the facility, which is scheduled to open in early 2023.

Aside from private inpatient rooms, the new center will feature a therapy gym, an outdoor therapy courtyard, and family apartments. The facility's "urban house" design will highlight natural colors and textures in an effort to stimulate patients' senses during the recovery process.

The new facility will 40 resident patients, as well as provide outpatient care. Image courtesy of Moody Neurorehabilitation Institute

Among the 40 or so people who attended the groundbreaking ceremony were representatives of Moody Neuro, Houston-based architecture firm Kirksey Architecture, Galveston-based general contractor JW Kelso Construction, and Dallas-based project manager Pritchard Associates.

The Moody Neurorehabilitation Institute treats people who've suffered brain injuries. The nonprofit operates a rehabilitation center in Galveston and another Lubbock, as well as a long-term care facility in each of the two cities. In fiscal 2019, the organization reported nearly $27.8 million in revenue and more than $15.1 million in expenses.

The facility broke ground this week. Photo courtesy of Moody Neurorehabilitation Institute

Philanthropist Robert Moody Sr., chairman emeritus of Galveston-based Moody National Bank, founded what now is Moody Neuro in 1982 after his son Russell sustained serious injuries in a car crash that caused a traumatic brain injury.

"By helping our patients minimize their disability while facilitating their recovery, we provide each individual with the ability to re-enter the community feeling healthier, more confident, and with tools to enjoy an improved quality of life," says Dr. Ana Durand, medical director of Moody Neuro Galveston.

The Brain Injury Association of America says more than 144,000 Texans sustain a traumatic brain injury each year, with more than 5,700 of them become permanently disabled. Roughly 381,000 Texans are living with a disability connected to traumatic brain injury.

The 64,000-square-foot campus is unlike any other. Photo courtesy of Moody Neurorehabilitation Institute

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Houston startup raises $6M to scale home-based healthcare platform

fresh funding

As healthcare systems race to expand care beyond hospitals and into the home, investors are placing bigger bets on the infrastructure needed to make that shift possible.

This month, Rosarium Health announced it has raised $6 million in seed funding led by Kalos Ventures, with participation from ResilienceVC, Rock Health Capital, Symphonic Capital, Black Tech Nations Ventures and others.

The investment will help the Houston-based startup continue to build its platform, which features a national network of 800-plus clinicians and 3,000-plus contractors to coordinate home accessibility upgrades and modifications for seniors and people living with disabilities.

For founder and CEO Cameron Carter, the company’s mission grew out of firsthand caregiving experiences.

“From my own personal caregiving experiences, I realized that the benefits exist on paper, but not in reality,” Carter said in a news release. “Families are being left to figure out the paperwork and installations all on their own, which shouldn’t be how this works.”

While Medicare Advantage and Medicaid plans have expanded coverage for home-based services and accessibility modifications, the logistics behind delivering those services often remain fragmented.

Rosarium’s platform coordinates the entire process, from clinical assessments and referrals to contractor management, documentation, reimbursement and installation.

“A clinician can document that a home isn’t safe and a plan can approve a benefit, but there’s no one that’s responsible for making sure the work actually gets done,” Carter says. “We built the missing piece.”

The company was founded in 2021 as Rose Health and was a 2023 participant in the Texas Medical Center’s Accelerator for HealthTech program. It has scaled quickly, building a network of more than 800 clinicians and 3,000 contractors across 34 states.

Rosarium is currently in-network for 1.2 million Medicare and Medicaid lives, with projected coverage expected to reach nearly 4 million by the end of the year, according to the release.

“We’re excited to back Cameron because he and the team at Rosarium are building the infrastructure healthcare needs right now to make the home a safe and comfortable place of care,” Kate Ballinger, investor at Kalos Ventures, added in the release.

As part of the recent investment, Ballinger will join Rosarium’s board of directors.

With eyes on the future, Rosarium plans to grow its partnerships with Medicaid and Medicare Advantage plans, including CalViva and Community Health Plan of Imperial Valley, strengthening its presence in California while expanding access to underserved communities.

Additionally, Carter predicts that home-based healthcare will be part of a broader transformation happening across the industry.

“There’s a growing recognition that health outcomes are shaped by what happens in the home,” he said in the release. “The future of healthcare isn’t just treating people after something goes wrong. It’s creating environments that help prevent those problems in the first place.”

Houston business mogul Tilman Fertitta acquires Caesars in $17.6B deal

Money Moves

Houston billionaire Tilman Fertitta may currently be serving as America’s ambassador to Italy, but his company is as busy as ever. Fresh off its move to revive the Houston Comets WNBA franchise, his company, Fertitta Entertainment, has announced a $17.6 billion deal to acquire Caesars Entertainment, Inc.

Speculation about the deal has been circulating since at least March, according to various media reports. The deal combines Fertitta’s well-known Golden Nugget casino brand with all of the properties in the Caesars’ portfolio, including Las Vegas hotels Caesars Palace, Harrah's, Paris Las Vegas, Planet Hollywood, Horseshoe, The LINQ Hotel, Flamingo, and The Cromwell.

Overall, the combined company will include 60 domestic casino resorts and gaming facilities; online gaming including sports betting, iCasino, and Caesar’s online poker platform; retail sports betting at over 200 third-party locations through the William Hill brand; and over 550 Fertitta Entertainment outlets, including more than 450 Landry's full-service restaurants across America. The companies will combine their loyalty programs, Caesars Rewards, Golden Nugget's 24 Karat Select Club, and Landry's Select Club.

The terms will see Caesars’ shareholders receive $31 per share. Fertitta Entertainment will also acquire approximately $11.9 billion of Caesars' outstanding debt.

The transaction will be financed through a combination of equity contributed by Fertitta Entertainment, assumed Caesars' debt, and new committed debt financing arranged by a group consisting of 10 banks. It is subject to approval by Caesars’ shareholders and government regulators.

Fertitta Entertainment is the Houston-based company behind a diverse array of hospitality businesses, including The Golden Nugget, The Post Oak Hotel, River Oaks District, the Kemah Boardwalk, and Houston’s Downtown Aquarium.

It also operates a number of prominent restaurant brands, including Mastro's Restaurants, Del Frisco's Double Eagle Steakhouse, Morton's The Steakhouse, The Palm, McCormick & Schmick's, Landry's Seafood House, The Oceanaire Seafood Room, and Saltgrass Steak House.

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This article first appeared on CultureMap.com.