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Bright Horizons

#2087

Rank

$7.72B

Marketcap

US United States

Country

Bright Horizons
Leadership team

Mr. Stephen Howard Kramer (CEO, Pres & Director)

Mr. John G. Casagrande (Gen. Counsel & Sec.)

Ms. Elizabeth J. Boland (Chief Financial Officer)

Products/ Services
E-Learning, EdTech, Education, Health Care
Number of Employees
20,000 - 50,000
Headquarters
Watertown, Massachusetts, United States
Established
1986
Company Registration
SEC CIK number: 0001437578
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
BFAM
Social Media
Overview
Location
Summary
Bright Horizons Family Solutions Inc. provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services. The Full Service Center-Based Child Care segment offers traditional center-based child care and early education, preschool, and elementary education services. The Back-Up Care segment provides center-based back-up child care, in-home child and adult/elder dependent care, school-age camps, virtual tutoring, and self-sourced reimbursed care services through child care centers, school-age campuses, and in-home caregivers, as well as the back-up care network. The Educational Advisory and Other Services segment offers tuition assistance and student loan repayment program administration, workforce education, and related educational consulting services, as well as college admissions advisory services. As of December 31, 2021, it operated 1,014 child care and early education centers in the United States, Puerto Rico, the United Kingdom, Canada, the Netherlands, and India. The company was formerly known as Bright Horizons Solutions Corp. and changed its name to Bright Horizons Family Solutions Inc. in July 2012. Bright Horizons Family Solutions Inc. was founded in 1986 and is headquartered in Newton, Massachusetts.
History

Bright Horizons Children's Centers, Inc. was founded in 1986 by Linda A. Mason and Roger H. Brown. Mason and Brown's Cambridge home was used as the company headquarters.

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.

After acquiring Cornerstone West, Bright Horizons expanded to California in 1993.

Founders Roger Brown and Linda Mason were named “Entrepreneur of the Year” by Ernst & Young in 1996.In 1997, the company conducts a successful IPO and goes public as BRHZ.Bright Horizons and Corporate Family Solutions merged in 1998 to form Bright Horizons Family Solutions, and changed their NASDAQ ticker symbol from BRHZ to BFAM. The company is named to FORTUNE Magazine’s list of the “100 Best Companies to Work for in America” for the first time, and would go on to make the list a total of 18 times between 1998 and 2019.In 2000, the company moved its headquarters to Watertown, Massachusetts. That year, London-based Nurseryworks and Dublin-based Circle of Friends become part of the Bright Horizons family, making it a global company.

The 500th center opened in 2003 – the Child Care Center at Citibank Service Center in San Antonio, Texas.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. 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. College Coach founder and CEO Stephen Kramer joins the Bright Horizons executive team. Kramer becomes CEO of Bright Horizons in 2018.

In 2000, Mary Ann Tocio was named president and chief operating officer of BH. She retired in July 2015 and remains on the Board of Directors. Today, the company’s internal training platform – Mary Ann Tocio University – is named after her.

David Lissy served for 17 years as chief executive officer beginning in 2002. He became executive chairman in January 2018. During his tenure as CEO, he was responsible for the company’s international expansion.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.

In 2013, Bright Horizons went public for the second time on the New York Stock Exchange, with stock symbol BFAM

Mission
Provide innovative solutions that help children, families, employees, & employers work together to be their very best. We are committed to providing the highest quality child care, education, and work/ life solutions in the world.
Vision
Our vision plan provides coverage for eye exams and pays benefits toward the cost of glasses or contact lenses.
Key Team

Ms. Mary Lou Burke-Afonso (Chief Operating Officer of North America Center Operations)

Ms. Maribeth Nash Bearfield (Consultant)

Dr. Tammy Chuprevich (Sr. VP of Operations)

Mr. Jason R. Janoff (Chief Accounting Officer)

Michael Flanagan (Sr. Director of Investor Relations)

Ilene Serpa (VP of Communications)

Mr. Danroy T. Henry Sr. (Chief Culture Officer)

Recognition and Awards
Bright Horizons has been consistently ranked as one of the Top 25 large US employers by Working Mother magazine, recognized as one of America’s Best Adoption-Friendly Workplaces by the Dave Thomas Foundation, and is a Life Balance Award recipient from the National Business Group on Health.
References
Bright Horizons
Leadership team

Mr. Stephen Howard Kramer (CEO, Pres & Director)

Mr. John G. Casagrande (Gen. Counsel & Sec.)

Ms. Elizabeth J. Boland (Chief Financial Officer)

Products/ Services
E-Learning, EdTech, Education, Health Care
Number of Employees
20,000 - 50,000
Headquarters
Watertown, Massachusetts, United States
Established
1986
Company Registration
SEC CIK number: 0001437578
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
BFAM
Social Media