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Can Child Care Be a Big Business? Private Equity Thinks So


Radha Mohan, the group’s chief executive officer and an attorney at Brownstein Hyatt Farber Schreck, said the group concluded that Build Back Better was based on an “insufficient cost analysis” and that it would distribute the benefits in phases. too quickly for higher income families. Lobbying firm in Washington.

Senate staffers said they assured the corporation and other childcare groups that through the regulatory process, Congress would provide enough federal dollars to make the plan workable for suppliers, including chain companies.

However, the legislation may have limited returns for large chains.

Companies have said a lot in their financial disclosures.

In 2021 annual reportBright Horizons wrote that “widespread interest” in childcare could “pressure lower tuition and fees we charge, which could adversely affect our revenue .”

On November 10 submit With the US Securities and Exchange Commission for its initial public offering, KinderCare warned that expanded government childcare benefits could reduce demand for its services. “Our continued profitability depends on our ability to offset rising costs through increased tuition,” the company said.

After Senator Joe Manchin, a centrist Democrat from West Virginia, essentially killed the law by opposing it, Mr. Dunkley and executives from several other affiliated companies – including Bright Horizons, KinderCare, Primrose Schools Franchise, Lightbridge Academy and Acelero Learning – made donations in January to Mr Manchin’s campaign fund and his political action committee, Country Roads.

Soon after, Mr. Dunkley and other childcare chain leaders attended a dinner with the senator where, according to Mr. Dunkley, executives expressed a desire for federal childcare funding to be funded. included in the bill becoming the Inflation Reduction Act but said it should be targeted at lower-income families.

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