childcare

  • Jan 24 2012 - 12:30pm

    Toronto’s mayor wants to privatize a raft of city services and to clear the way, he's taking on the largest public sector locals in Canada. Counting down to what looks like a lockout February 5, unions are scrambling to make their case to city residents.

  • Body:

    Parents and kids’ access to childcare may be threatened by a private equity firm’s takeover of Bright Horizons, the third-largest childcare company in the country.

    Bain Capital bought out Bright Horizons earlier this year, turning it into a privately held company. Big financial merger deals like this one may seem routine, but those who receive care from Bright Horizons don’t trust Bain’s reputation.

    Bain’s buyout of the retail chain K.B. Toys in 2000 led to the company’s bankruptcy in 2004, causing thousands of layoffs and store closings. Child care providers worry that without transparency or input from the communities it serves, Bain will cut Bright Horizons’ services.

    Expiration Date:
    Tue, 09/30/2008 - 9:59pm