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Bright Horizons history
Bright Horizons company history timeline
When Alexander left office in 1986, Sallee sought his help in starting up a company that would manage work-site child-care centers for corporations.
Bright Horizons Children's Centers, Inc. was founded in 1986 by Linda A. Mason and Roger H. Brown.
1987:Corporate Childcare Development, Inc. is founded.
In 1987, the first two Bright Horizons child care centers were opened at the Prudential Center in Boston and at One Kendall Square in Cambridge, both on the same day.
Beginning in 1988, it provided child-care and other services for homeless children.
In 1989, Corporate Childcare began working with Marriott Management Services and was soon attracting Fortune 500 clients.
Bright Horizons began offering center-based back-up child care in 1992 with the first standalone back-up child care center for Chase Manhattan Bank.
After acquiring Cornerstone West, Bright Horizons expanded to California in 1993.
By 1994, the company ran 38 child-care centers in 19 states.
Founders Roger Brown and Linda Mason were named “Entrepreneur of the Year” by Ernst & Young in 1996.
In 1997, Bright Horizons' revenues totaled $85 million, and its net income had reached $1.5 million.
Bain profited in 1997 when it sold its shares in an I.P.O., listing its stock on the Nasdaq.
Their merger in 1998 created the leading provider of corporate child-care in the nation, with 250 corporate-sponsored centers and more than 8,600 employees.
The company opened a private elementary school in Bellevue, Washington, in the fall of 1998.
1998:The two companies merge to form Bright Horizons Family Solutions.
Bright Horizons was involved in another innovative program beginning in 1998, an intergenerational center in Norwalk, Connecticut.
The 49 elderly residents living there in 1998 were encouraged to visit in the wing that housed the new Marvin Children's Center, with the hope that the interaction would benefit both the children and the elderly residents.
By the end of 1998, the integration of the two companies appeared to have been smoothly accomplished, and the new company was experiencing record growth.
In 1999 Bright Horizons added a program to make corporate-sponsored child-care easier for companies that have employees spread over several sites.
As Bright Horizons grew, it strove to maintain its high standards for education and care: As of 1999, the company held the best record of accreditation from the National Association for the Education of Young Children (NAEYC), which published standards of excellence for child-care centers.
David Lissy served for 17 years as chief executive officer beginning in 2002.
The 500th center opened in 2003 – the Child Care Center at Citibank Service Center in San Antonio, Texas.
In 2006, the Back-Up Care Advantage program was established to provide in-home back-up child, and elder care.
In 2006, college advising company College Coach was acquired by Bright Horizons.
That was the case at Cornell, which selected BH to run its new center that opened in 2008.
In 2008, the company returned to its roots as a private company in partnership with Bain Capital.
In 2010, the company launched Tuition Advisory Services, an employer solution working with employers to take a more strategic approach to their tuition reimbursement programs.
Herewith is a brief financial history of Bright Horizons, starring Bain, the Boston-based private equity firm co-founded by the 2012 Republican presidential candidate Mitt Romney:
In 2013, Bright Horizons went public for the second time on the New York Stock Exchange, with stock symbol BFAM
He became executive chairman in January 2018.
Kramer becomes CEO of Bright Horizons in 2018.
© 2021 Bright Horizons Foundation for Children.
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Bright Horizons competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| KinderCare Education | 1969 | $2.7B | 36,000 | 1,880 |
| Childtime | 1967 | $123.1M | 5,500 | 4 |
| Goddard School | 1988 | $1.3M | 50 | 2,167 |
| Childcare Network | 1988 | $220.0M | 3,000 | - |
| Kids 'R' Kids | 1985 | $4.0M | 35 | 143 |
| The Learning Experience | 1980 | $1.4M | 50 | 2,354 |
| National Association for the Education of Young Children | 1926 | $8.5M | 180 | 3 |
| Tutor Time | 1988 | $1.6M | 30 | - |
| Children of America | 1999 | $140.0M | 1,200 | 222 |
| Children's Learning Center | 1972 | $1.5M | 49 | 17 |
Bright Horizons history FAQs
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Bright Horizons may also be known as or be related to Anasazi Restoration & Remodeling, Bright Horizons, Bright Horizons Family Solutions, Bright Horizons Family Solutions Inc and Bright Horizons Family Solutions Inc.