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Lots of Colorado child care chains are backed by private equity investors. Some lawmakers are concerned. (www.chalkbeat.org)

submitted 1 week ago by melp@beehaw.org to c/usnews@beehaw.org

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Colorado lawmakers are taking notice of private equity’s push into child care. In January, they introduced legislation that would put new limits on private-equity backed centers in an attempt to temper practices that critics say are harmful, including cutting staff and raising tuition. The bill would give the public more information about tuition and fees, provide advance notice of staff layoffs or enrollment changes, and curb a common private equity real-estate practice that can hurt child care centers financially.

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[–] phoenixz@lemmy.ca 3 points 1 week ago

All private equity firms should burn in hell