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August 2006 - ABC Learning expands further into the US market |
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Reports from the US have announced another recent purchase by the Australian early childhood company, ABC Learning. ABC Learning is the world's biggest childcare provider listed on the stock exchange.
ABC Learning Centres, Australia's largest child care provider, last week agreed to purchase Dallas-based Children's Courtyard for $66 million. This acquisition follows ABC's recent acquisition of the Learning Care Group. At the time of this latest acquisition, the Learning Care Group was the third largest for profit child care provider in North America and Children's Courtyard, the ninth largest.
The combined companies still remain the third largest group, but the merger increased the capacity of the Learning Care Group by 21%. According to Learning Care Group CEO Bill Davis, ‘This acquisition will move us closer toward our goal of becoming the industry leader in early childhood education and family solutions.'
To learn more about the history of ABC Learning Centres, go to Wikipedia: ABC Learning Centres.
Click here to view an updated version of the Exchange Top 40: North America's Largest For Profit Child Care Organizations.
—taken from ExchangeEveryDay, the online newsletter of Exchange Magazine.
Further reading
For related articles on the Early Childhood Australia website, see:
Early childhood news:
July 2006 - Results of national survey into long day care.
Nov 2005 - In the news
Australian Journal of Early Childhood article:
‘From Whitlam to economic rationalism and beyond: A conceptual framework for political activism in children's services', Jennifer Sumsion, Macquarie University.
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Last Updated ( Thursday, 24 August 2006 )
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