| Bright Horizons Children's Centers Inc. | |||
| Ticker: | BRHZ | One Kendall Square, Building 200 | |
| Exchange: | NASDAQ-National Market | Cambridge, MA 02139 | |
| Industry: | Service (SIC Code 8351) | (617) 577-8020 | |
| Type of Shares: | Common Shares | Filing Date: | 10/29/96 | |
| U.S. Shares: | 2,970,000 | Offer Date: | 11/6/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | - | |
| Primary Shares: | 1,350,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 1,620,000 | Gross Spread: | $0.91 | |
| Offering Amount: | $23,000,000 | Selling: | $0.52 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 895-2700 |
| Everen Securities, Inc. | Co-manager | (312) 574-6859 |
| Issuer's Law Firm: | Ropes & Gray |
| Bank's Law Firm: | Testa, Hurwitz & Thibeault |
| Auditor: | Price Waterhouse |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 6/30/96 | ||||
| Revenue: | $64.18 | Assets: | $23.23 | ||
| Net Income: | $1.32 | Curr Assets: | |||
| EPS: | $0.51 | Liabilities: | $34.44 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | -$11.22 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is the leading provider of corporate-sponsored work-site child care services in the United States, operating 129 work-site child care centers providing care and education to more than 11,000 children. The company currently provides work-site child care services to major corporate sponsors, including IBM (two centers), Motorola (four centers), Salomon Brothers, Glaxo Wellcom (three centers), DuPont, Warner Brothers., MCA/Universal, Mattel and well-known institutions such as New York Hospital, Beth Israel Deaconess Medical Center and The George Washington University. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |