This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bright Horizons Welcomes Children's Choice Learning Centers To Its Growing Network

WATERTOWN, Mass., July 22, 2013 /PRNewswire/ -- Bright Horizons Family Solutions® (NYSE: BFAM), a leading provider of employer-sponsored child care, early education, and work/life solutions, today announced it has acquired Dallas-based Children's Choice Learning Centers®, welcoming its educators and key leaders to the Bright Horizons family along with the children, families, and clients they serve.


Children's Choice® operates 49 employer-sponsored child care centers across the U.S. including small regional clusters in Dallas, Phoenix, and Las Vegas. Other locations are spread across the US in regions that match well with Bright Horizons'® existing network of centers. Children's Choice serves a wide range of industries including hospitals, government agencies, corporations, and other employer clients including Wake Forest University, Medical City Dallas, MGM Grand, and multiple sites for the Government Services Administration. The company's Choice4Careā„¢ back-up program and regional referral services will be incorporated into Bright Horizons' Back-Up Care Advantage® (BUCA®) program and will benefit from a much broader network and 24/7 reservation and support services.

"We are excited to welcome the Children's Choice educators, families, and clients to the Bright Horizons family. Our organizations have admired one another for many years and have shared a commitment to excellence in employer-sponsored child care and early education and the highest-quality customer service," said Bright Horizons CEO David Lissy. "Our combined and collective experience will provide broader opportunities for clients, and growth and career opportunities for educators, while maintaining the nurturing care and dynamic education experiences young children need to grow and thrive and which their families rely on."

"I am proud that we have found in Bright Horizons a family of educators that shares the same passion and commitment we live by at Children's Choice," said Children's Choice COO Donna McClintock. "We have accomplished amazing milestones, and we are now a part of a bigger family that will allow us to carry out our vision, our dreams, and our goals in a much broader way than we could have ever been able to do on our own. This development will deliver great things for our educators, our clients, children, and families."

The acquisition closed on July 22, 2013 and was completed for cash consideration of $53 million, inclusive of the value of net operating loss carryforwards. In its last fiscal year ended December 31, 2012 Children's Choice reported $41 million in revenue. Bright Horizons management will discuss this transaction in more detail, including its estimated impact on 2013 operating results, during its upcoming second quarter earnings call on August 8, 2013.

About Bright Horizons Family Solutions Inc. Bright Horizons Family Solutions® is a leading provider of high-quality child care, early education, and other services designed to help employers and families better address the challenges of work and life. The Company provides center-based full service child care, back-up dependent care, and educational advisory services to more than 850 clients across the United States, the United Kingdom, Ireland, the Netherlands, Canada, and India, including more than 130 FORTUNE 500 companies and more than 75 of Working Mother magazine's 2012 "100 Best Companies for Working Mothers."  Bright Horizons is one of FORTUNE magazine's "100 Best Companies to Work For" and is one of the UK's Best Workplaces as designated by the Great Place to Work® Institute. Bright Horizons is headquartered in Watertown, MA.

SOURCE Bright Horizons Family Solutions

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs