Bright Horizons Family Solutions provides child care, early education and other services. The company utilizes multi-year contracts with employers that offer child care as part of their employee benefits packages as well as serving families in surrounding communities. Bright Horizons operates in three business segments: Full Service Center-Based Child Care Services, Back up Dependent Care Services and Other Educational Advisory Services. Based in Massachusetts, the company serves over 105,000 children in the U.S., the U.K., the Netherlands, Ireland, Canada and India.
To ensure high quality care, all Bright Horizons child care centers meet or exceed voluntary accreditation and rating standards, including in the U.S. through the National Academy of Early Childhood Programs and in the U.K. through the Office of Standards in Education. The company often utilizes above average adult-to-child ratios in its centers as it believes this is a critical factor in delivering curriculum effectively as well as helping to facilitate more focused care. Bright Horizons recognizes the value in attracting and retaining a dependable workforce. To do so, Bright Horizons offers some fringe benefits including employee stock plans, tuition reimbursement and adoption assistance. In addition, the company offers training and development opportunities through its Bright Horizons University program. Bright Horizons emphasizes diversity through its Inclusion Council and has diversity training for all employees. As a result of these efforts, the company was named one of Fortune’s “100 Best Companies to Work For” seventeen times.
Bright Horizons has limited transparency surrounding key corporate social responsibility issues and metrics. The company does not practice any environmental assessments of its own business operations and makes no mention of green building practices or resource conservation efforts. Bright Horizons also lacks a fully independent audit committee.
Industry: Consumer Discretionary
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/2017 and may not reflect current opinions or subsequent events.