Rice will see a big increase in students in the coming years. Rice.edu

Houston's list-topping Ivy League of the South hub is set to see significant growth. Rice University's board of trustees has approved a plan to enlarge its undergraduate student body by 20 percent, the school announced. That means some additional 4,800 students by the fall of 2025.

To accommodate this expansion, Rice will open its 12th residential college and expand the number of students living on campus by approximately one-third — to 3,525.

Rice calculates that its number of graduate students (3,500) is expected to grow, which will bring the total number of undergrad and grad students to about 9,000 by fall 2025. The undergraduate student-faculty ratio would remain roughly the same: about six faculty members for every undergraduate student, the school adds in a press release.

With the newly announced expansion in enrollment, Rice's student body will have grown by around 80 percent over 20 years, per a press release.

This expansion isn't unprecedented: The school notes a roughly 35-percent increase in undergraduate enrollment between fall 2005 and 2013, as well as enlargement in graduate programs.

Not surprisingly, demand for a Rice education is high, as the school reports that the number of students applying to has grown around 75 percent over the last four years. The growth was aided by the Rice Investment, a financial aid program launched in 2018 that significantly expanded support for domestic students from families with incomes up to $200,000.

For example, in 2004, Rice received about 11 applications for every entering student; by 2020, the ratio had grown to roughly 28 applicants for every student opening. Almost 30,000 students applied for fall 2021, marking an increase of 26 percent from the previous year.

Students can expect new construction on the campus, including a new engineering building, a new building for the visual and dramatic arts, an additional residential college, and an expanded student center. The familiar and beloved Rice Memorial Center (the ol' RMC to generations of students) will be replaced; construction will begin in the first quarter of next year.

The school's new three-story, 80,000-square-foot student center will incorporate all of the RMC's current functions, a multicultural center, and gathering and event spaces. The facility will be designed by the international architecture firm Adjaye Associates, which spearheaded the Smithsonian National Museum of African American History and Culture.

Business-minded new students will also be able to take advantage of the university's first undergraduate major in business, which will be offered beginning this fall. Current freshmen and incoming undergraduates are also eligible. Faculty and curriculum will come from the Rice's top-ranked Jones Graduate School of Business.

New students can also take advantage of Rice's newest initiatives, including, per the school:

The Welch Institute at Rice University
Thanks to a massive, $100 million commitment from the Robert E. Welch Foundation (the largest single gift in school history), the institute will accelerate the discovery, design, and manufacture of the next generation of basic materials.

Carbon Hub
The hub, announced in 2019. will direct $100 million of basic science and engineering on an array of technologies, several of which have already been proven in the lab, to create an energy future with zero carbon emissions.

The Rice University National Security Research Accelerator laboratories
A partnership with the Army Futures Command and the Army Research Laboratory represents a new model for collaborative research on critical technologies to enhance national security, a release notes.

"Rice's extraordinary applicant pool has grown dramatically despite the challenges posed by the pandemic," David Leebron, Rice president, noted in a statement. "With the previous expansion we greatly increased our national and international student applications, enrollment and visibility. We also dramatically increased diversity on our campus, and we were able to extend the benefits of a Rice education to many more students. As before, we must undertake this expansion carefully in order to assure that we retain the best aspects of Rice culture, student experience and sense of community."

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This article originally ran on CultureMap.

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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.