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PE-backed childcare operator slams ‘lazy’ non-profit rivals

A private equity-backed childcare business has lambasted Goodstart Early Learning, the sector’s biggest operator, claiming its non-profit rival’s commercial discipline has drifted and operators are capable of better returns without leaning on taxpayers.

The comments were made by Guardian Childcare and Education chief executive Warren Bright – Goodstart’s chief operating officer for six years until 2019 – in a submission to the Australian Competition and Consumer Commission’s inquiry into the sector.

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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/pe-backed-childcare-operator-slams-lazy-non-profit-rivals-20240202-p5f1vu