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ERIC Number: EJ875146
Record Type: Journal
Publication Date: 2010
Pages: 4
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: ISSN-0164-8527
Economy on the Minds of For Profit CEOs: Annual Status Report on For Profit Care
Neugebauer, Roger
Exchange: The Early Childhood Leaders' Magazine Since 1978, n191 p23-26 Jan-Feb 2010
Considering how bad the economy was in 2009, North America's 50 largest for profit child care chains fared pretty well. In fact, about half of these organizations actually expanded their capacity in 2009--although the expansion was not spectacular, averaging just under 3%. About one-fourth of the organizations maintained their capacity and a fourth experienced minor decreases. So it was not a stellar year, nor was it a disastrous year for the Top 50. For the two largest for profit organizations--Knowledge Universe-US and Learning Care Group--2009 was not a growth year. In fact both organizations decreased their capacity slightly. The last two years have shown no growth for either organization. This is in stark contrast to their activity earlier in the current decade. Both Knowledge Universe and Learning Care Group engaged in a furry of major acquisitions between 2003 and 2007. CEOs of the Top 50 organizations are nervously watching the economy for signs of improvement. When these CEOs were asked to rank the most serious challenges they face, far and away their top concerns were "the state of the economy" and "the rising cost of health insurance." This article presents the annual status report on for profit child care organizations.
Exchange Press, Inc. P.O. Box 3249, Redmond, WA 98073-3249. Tel: 800-221-2864; Fax: 425-867-5217; e-mail: info@ChildCareExchange.com; Web site: http://www.childcareexchange.com
Publication Type: Journal Articles; Reports - Evaluative
Education Level: Early Childhood Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: North America