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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