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Preschool and Daycare Discussion
Reply to "Private equity and preschools"
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[quote=Anonymous]Elliot Haspel wrote a long article about this and as PP said the biggest issue is the impact on the child care system as a whole: ‘The End User Is a Dollar Sign, It’s Not a Child’ – The 74 https://share.google/AROwsA0mLYsgsEyhl That being said, Haspel points out that private equity prioritizes profit over quality. Many daycares owned by private equity are well run, but there is no guarantee. I disagree with PP's implication that the corporate ownership gives some additional oversight over health and safety that a nonprofit or locally owned daycare would not have. You really have to assess each daycare individually. Look up their licensing inspection history - this is all public information. I definitely heard of private equity owned daycares that do not keep to ratios and their licensing inspection history reflects that. I have also visited a private equity owned daycare where the teachers looked absolutely miserable, and when asked, the director indicated they have a lot of staff turnover. A good daycare should be able to keep staff (obviously not forever but you shouldn't be seeing totally new faces every week).[/quote]
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