Bright Horizons Family Solutions News Briefs: August 1998.NASHVILLE Nashville, city (1990 pop. 487,969), state capital, coextensive with Davidson co., central Tenn., on the Cumberland River, in a fertile farm area; inc. as a city 1806, merged with Davidson co. 1963. , Tenn.--(BUSINESS WIRE)--Aug. 25, 1998-- Nation's Leader in Back-up Child Care Expands Services for Chase Manhattan Bright Horizons Family Solutions Bright Horizons Family Solutions is a US-based child-care provider and one of the largest publicly held child-care corporations in the world. The result of a merger in 1998 between Massachusetts-based Bright Horizons , the nation's largest provider of "back-up" child care, has been selected to develop and manage six new dedicated back-up child care centers for children of Chase Manhattan employees in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY; Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. ; Newark, Del.; Tampa, Fla.; Tempe, Ariz.; and Hicksville, NY. With these new centers, Bright Horizons Family Solutions has in operation or under development 16 dedicated back-up care centers and 14 dedicated back-up care rooms at existing child care centers. Back-up care is also provided on a space-available basis at all Bright Horizons Family Solutions child care centers. Back-up care, the fastest-growing segment of Bright Horizons Family Solutions' business, is designed to provide on-site child care when employees' regular child care arrangements break down or when schools are closed but employees need to work. At Chase Manhattan, the need for back-up care was clear. A recent nationwide Chase worklife survey showed back-up child care as employees' top need, followed by holiday and vacation care and on-site care for mildly ill children. The six new sites will address these concerns. The benefit of providing back-up care is also clear at Chase, based on a return on investment study at a Chase Manhattan back-up care center managed by Bright Horizons Family Solutions in Brooklyn, NY since 1992. A 1996 study showed the center saves Chase a net of more than $800,000 a year due to decreased absenteeism ab·sen·tee·ism n. 1. Habitual failure to appear, especially for work or other regular duty. 2. The rate of occurrence of habitual absence from work or duty. and lateness. A 1997 employee survey of back-up care users showed 98 percent would have taken unscheduled unscheduled Adjective not planned or intended Adj. 1. unscheduled - not scheduled or not on a regular schedule; "an unscheduled meeting"; "the plane made an unscheduled stop at Gander for refueling" time off had the center not been available for their children. Company President Advocates for More Resources for Quality, Affordable Child Care As part of an effort to bring attention to the need for greater public and private resources for affordable, high quality child care in America, Bright Horizons Family Solutions President Roger Brown will spend a week caring for and teaching infants and pre-school children at child care centers managed by Bright Horizons Family Solutions in Colorado and Utah this month. Brown, who once was a teacher in the Head Start program, will be teaching in two centers that represent high level of quality that can be achieved with corporate financial support. Studies have proven the early years are critical in a child's cognitive and social development, which underlines the need for highly qualified teachers for these young children. To attract and retain the best teachers, Brown said compensation must rise above the national average of $7.50 an hour (1997 Center for the Child Care Workforce figures) for child care teachers. Teacher compensation at Bright Horizons Family Solutions centers exceeds the national average by 21 percent. Because parents alone are unable to bear the increasing cost burden of child care, Bright Horizons Family Solutions advocates for financial participation by both the public and private sectors. Brown will spend Aug. 24-26 at the University Hospital Child Development Center in Salt Lake City, teaching older infants. He will then teach pre-schoolers at the USAA USAA United Services Automobile Association USAA Urban Superintendents Association of America USAA United States Achievement Academy USAA United States Arbitration Act of 1925 USAA United States Axemen's Association USAA United States Air-Table-Hockey Association Child Development Center in Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo., Aug. 27-28. Bright Horizons Family Solutions (Nasdaq/NM: BFAM BFAM Brother from Another Mother BFAM Bioinformatics for the Analysis of Mammalian Genomes BFAM Budget Formulation & Appropriation Model ) is the nation's leading provider of employer-sponsored child care, early education and worklife consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" . The company manages more than 260 Family Centers for more than 200 clients in 35 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Among Bright Horizons Family Solutions' clients are many of the nation's leading companies, including 68 of the "Fortune 500" and 40 of the "100 Best Companies for Working Mothers," as recognized by Working Mother magazine.
CONTACT: Bright Horizons Family Solutions
Nancy Rosenzweig, 617/577-8020
or
Diane Huggins, 615/256-9915
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