Employer Child Care Update

09/29/2003

"If you want to get across an idea, wrap it up in a person." - Ralph Bunche

EMPLOYER CHILD CARE UPDATE

The September, 2003 issue of Child Care Information Exchange includes the 13th annual status report on employer child care. This report identifies three significant developments in 2003:

* Knowledge Learning Corporation's (KLC) acquisition of Aramark Educational Resources (formerly Children's World Learning Centers) was clearly the big story. The acquisition makes KLC the second largest child care provider in North America (and the world actually), and solidifies their position as the second largest provider of child care for employees.

* The pre-September 11 growth rate averaging over 10% a year has continued to be a distant memory. For the second straight year, growth in the employer child care sector remained at the 4% level.

* Bright Horizons Family Solutions, the leading supplier of child care for employers, again posted above average gains, boosting the number of spaces it provides for employers by nearly 7%. A significant share of this growth resulted from current clients opening additional centers.

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