Work Options Group, a Boulder-based provider of corporate-sponsored backup child and elder care for employees, said Tuesday it was acquired by Bright Horizons Family Solutions of Boston. The companies said their combination will create the largest network of center-based and in-home backup child and elder care in the United States, Canada and the United Kingdom.
Terms of the deal were not announced.
Work Options was founded in 1986 by Cindy Carrillo, a Boulder resident and graduate of the University of Denver. It serves 150 corporate clients and their 600,000 employees through a network of 5,000 providers.
Its Colorado clients include DU, Children’s Hospital, the Colorado Housing and Finance Authority, Hunter Douglas and Janus. The company has 84 employees and annual revenue of $18 million.
Work Options says its service reduces absenteeism and stress while boosting productivity and morale.
Denver-based St. Charles Capital advised Work Options on the transaction. Greg Griffin, The Denver Post
