Business briefs: Manatee Glens sets up scholarship program

August 3, 2013 

Manatee Glens sets up scholarship program

BRADENTON -- Manatee Glens has established a scholarship program to help clients and patients in need.

The scholarships will assist those with little or no insurance or financial resources receive the medical care and counseling they need. There is also a scholarship to help educate future physicians in the residency program.

"Donors appreciate that 100 percent of their gift goes directly to the scholarship. No part of the gift is used for administrative or fundraising costs," said Janet K. Ginn, Manatee Glens chief development officer.

Gifts can be designated for specific areas, groups (children, teens or adults) or programs of Manatee Glens.

For example, a $1,000 scholarship will provide care and treatment to a sexual assault victim in the Manatee Glens Rape Crisis Center. A $10,000 scholarship will provide 28 days of treatment in the Manatee Glens Addiction Center; and a $60,000 scholarship will provide a year of education for a psychiatry resident.

Neal Communitieskeeps up sales pace

LAKEWOOD RANCH -- Neal Communities marked 73 new home sales in July, a more than 66 percent increase from its 44 sales in July 2012.

This continues a record-breaking year for the Lakewood Ranch-based home builder.

Notable sales this month include 16 in Central Park at Lakewood Ranch. Neal also sold two homes in Sugar Mill Lakes, a new community in Palmetto, in advance of the models or sales center opening, which will take place later this month. July sales took place across 17 communities from Manatee County to Lee County.

In another acquistion, Yahoo buys startup browser

SAN FRANCISCO -- Yahoo has acquired Rockmelt, a Silicon Valley startup that built a Web browser tied to Facebook's social network.

Terms of the deal announced Friday weren't disclosed. It's the 20th acquisition that Yahoo Inc. has completed since Marissa Mayer became the Sunnyvale, Calif., company's CEO nearly 13 months ago. Rockmelt has raised about $40 million from venture capitalists and other investors since its inception. That makes it likely Yahoo had to be above that amount to buy Rockmelt.

Most of Yahoo's purchases have been for relatively small amounts of money. There has been one notable exception so far: Yahoo's$1.1 billion acquisition of Internet blogging service Tumblr. Rockmelt unveiled its Facebook-focused Web browser in late 2010, but it never gained traction. The Mountain View, Calif., startup later introduced a version designed for smartphones and tablets. Some of that technology could help Yahoo in its effort to bring in more traffic and revenue from mobile devices, one of Mayer's top priorities.

Most of the other startups snapped up by Mayer also have been focused on mobile computing.

-- Herald staff, wire reports

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