Omada Health, the developer of a Web-based and mobile program to improve the health behavior of patients at risk for type 2 diabetes, has increased its overall funding to $28.5 million after it obtained $23 million in a recent round of financing from several investors. The San Francisco-based digital health technology firm has unveiled the Prevent program, which pairs users with health coaches who track their progress and engages them in interactive health lessons accessible using a computer or a mobile device. Users can also monitor their health progress digitally using a pedometer and a wireless-enabled scale that they receive as part of the initiative.
Campus Crest Communities is acquiring a 48% stake in student housing operator Copper Beech Townhome Communities for $262 million. The deal includes the option to acquire the rest of the company by mid-2016. The REIT will issue 22.2 million shares to raise up to $312 million to help fund the acquisition.
Real estate companies and private equity investors increasingly are investing in student housing. Brandywine Realty Trust and Campus Crest Communities are partnering in this space. Trends call for more private student housing on college campuses as colleges choose to outsource housing development rather than undertake it themselves.
American Homes 4 Rent plans to launch an initial public offering and will submit a registration statement to the Securities and Exchange Commission within 60 days. With 10,000 properties, it is the second-largest owner of single-family rentals, following Blackstone Group LP.