WASHINGTON, March 23 -- Sen. Jeff Merkley issued the following press release:
To address the growing concern over the role private equity is playing in the child care industry, U.S. Senator Jeff Merkley (D-OR), Ranking Member of the Senate Budget Committee, launched an investigation into the two largest private equity controlled child care companies serving collectively over 365,000 children, KinderCare Learning Companies and Learning Care Group, as well as their respective private equity owners. Merkley is calling on these companies to provide information and documents, such as financial records, ownership structure, tuition and cost trends, safety standards, and employment practices to better understand the effects of private equity owne...