Private equity, pension funds show growing interest in daycare industry

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 92%

Canada Headlines News

Canada Latest News,Canada Headlines

There was already some institutional investment in the daycare sector, but operators say interest has grown since the federal government’s $10-a-day child-care plan was announced

amid government investment in the sector, a trend that child-care experts say could cause problems unless strict cost-control measures are introduced.

Busy Bees, one of the biggest child-care chains in the world, is headquartered in Britain and operates in Canada under the name BrightPath Kids. One point of contention with the government child-care program is whether there should be strict controls on for-profit operators – specifically, how much they can charge and what can be deemed reasonable expenses. Ottawa and the provinces are currently negotiating accountability frameworks for such controls.

“When child care is not very constrained by an accountability framework, and when there’s a reasonable amount of public money flowing into it, it becomes more profitable,” said Martha Friendly, the executive director of the Childcare Resource and Research Unit, a Toronto-based think tank.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

VassB Basically, they’re coming for the kids. I know, I know: it sounds creepy, but I didn’t make the rules, the news.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More than 120 $10 daycare spaces coming to Prince GeorgeThe YMCA Lac Des Bois Care and Learning Centre and Elizabeth Fry Family Centre will offer $10 a day care starting in February.
Source: PGCitizen - 🏆 65. / 51 Read more »

NDP to call for emergency debate in House of Commons over private health careFederal New Democrat Leader Jagmeet Singh says he will call on the House of Commons to hold an emergency debate on the privatization of health care. OOPS, does he mean dentalcare that is offered by thousands of private business coast to coast to coast? I've lost all respect for the NDP and don't trust a damn thing they do anymore. Seems to me they support an Authoritarian party now, and that's enough for me to never vote for them again. Says a lot of positive things, and does the least possible to push the progressive agenda. Private healthcare will be able to afford higher wages, hiring nurses away from public healthcare. Those with money won't wait while those without will wait even longer.
Source: CTVNews - 🏆 1. / 99 Read more »

NDP to call for emergency debate in House of Commons over private health careNDP leader Jagmeet Singh says for\u002Dprofit facilities will poach doctors and nurses away from understaffed hospitals Time to bring out that boogeyman, eh? Because *nothing* is better than Canadian public healthcare... except for the 40 some-odd countries that are ahead of us. Why are they calling for an emergency debate over their own dental care bill? Could be the beginning of the end.
Source: calgaryherald - 🏆 64. / 52 Read more »

NDP to call for emergency debate in House of Commons over private health careNDP leader Jagmeet Singh says for\u002Dprofit facilities will poach doctors and nurses away from understaffed hospitals ‘NDP leader Jagmeet Singh says for-profit facilities will poach doctors and nurses away from understaffed hospitals’ you mean like the for profit centers in the US that already poach our best medical staff? Why not at least keep them in Canada?
Source: VancouverSun - 🏆 49. / 61 Read more »

NDP to call for emergency debate in House of Commons over private health careNDP leader Jagmeet Singh says for\u002Dprofit facilities will poach doctors and nurses away from understaffed hospitals theJagmeetSingh blowing hot air again. Ignore him. Anything to make himself relevant everyone knows he’s irrelevant Our government owned and operated healthcare is an unworkable mess that won’t improve by spending more money on it. We need affordable and accessible healthcare and it doesn’t need to be owned by the government.
Source: nationalpost - 🏆 10. / 80 Read more »

NDP to call for emergency debate in House of Commons over private health careJagmeet Singh says he will call on the House of Commons to hold an emergency debate on the privatization of health care. Waste of time. theJagmeetSingh is wanting TV time. ON, QC, SK, NB etc all use pvt clinics already for X-rays, Blood tests, Cardio imaging, Ultrasounds etc... The present way isn't working, This new way could give Healthcare as opposed to Emergency Care. GO fordnation We once were the envy of the USA for our health care, now we are the embarrassment for the mess our health care is in. It has been dismantled bit by bit. All in the effort to privatize our health care. Terrible.
Source: ottawasuncom - 🏆 4. / 92 Read more »