Bright Horizons Family Solutio (BFAM)

Bright Horizons Family Solutions, Inc. provides workplace services for employers and families in the United States and internationally. The company's services include center-based child care, education and enrichment programs, elementary school education, back-up care, before and after school care, summer camps, vacation care, college preparation and admissions counseling services, and other family support services. It also offers strategic work/life consulting and other services for corporate clients. As of December 31, 2007, Bright Horizons Family Solutions operated 641 early care and education centers for approximately 700 clients, as well as had the capacity to serve approximately 71,000 children in 43 states, the District of Columbia, Puerto Rico, Canada, Ireland, and the United Kingdom. The company was founded in 1986 and is headquartered in Watertown, Massachusetts.

For the nine month ended 30 September 2006, Bright Horizons Family Solutions, Inc.'s revenues increased 12% to $516.6M. Net income increased 15% to $30.8M. Revenues reflect increased income due to net addition of 21 new child care centers. Net income also reflects higher gross margins due to inclusion of the ChildrenFirst network of back-up centers whose gross margins are on average higher than the Company's full service child care centers.