HIGHER EDUCATION

St. John’s College announced plans to reduce undergraduate tuition by one-third from $52,000 a year to $35,000 starting with the 2019 academic year. The 322-year-0ld private liberal arts colleges has campuses in Annapolis and Santa Fe, New Mexico. Read more at the Baltimore Business Journal.

 

STARTUPS

After closing on an $80-million round of funding last week, 10-year-old Sonatype plans to expand its open-source coding software with a focus on detecting potential security vulnerabilities within that code. The Coumbia-area tech firm says it grew year-over-year revenue by 80 percent during the first half of the year. Read more at Technical.ly Philly.

 

COMMERCIAL REAL ESTATE

Foulger-Pratt has secured equity financing for its $200-million-plus Tysons office building from USAA Real Estate Co. The 25-story tower will be part of the $750 million, 1.5 million-square-foot mixed-use project, Tysons Central, located near the intersection of Leesburg Pike and Chain Bridge Road. Read more at Washington’s Top News.

 

HEALTHCARE

Arlington-based Evolent Health Inc. has entered in an agreement to acquire Wellesley, Massachusetts-based New Century Health for $217 million in a deal expected to close by the end of the year. The acquisition will allow Evolent to better manage high-cost specialty care via New Century’s cancer and cardiac care programs. Read more at the Washington Business Journal.