Bright Horizons Family Solutions Inc. (NYSE: BFAM) today announced the offering by certain of its stockholders of 8,500,000 shares of its common stock at a price of $33.05 per share. The underwriters have been granted a 30 day option to purchase up to an additional 1,275,000 shares from the selling stockholders. The selling stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company.
Bright Horizons Family Solutions provides workplace services for employers and families throughout the United States, Puerto Rico, Canada, the United Kingdom, Ireland, the Netherlands, and India. Workplace services include center-based child care, education and enrichment programs, elementary school education, back-up dependent care (for children and elders), before and after school care, college preparation and admissions counseling, tuition reimbursement program management, and other family support services. Co. provides its center-based child care services under two general business models: a profit and loss model and a cost-plus model.
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