” Mendel reportedly began talking with the man and eventually purchased one of the two centers. They replied, ‘Nothing, but his wife has two daycare centers for children. I asked my friends what he did for a living. Remarking on his inspiration, Mendel later recalled in a Management Review article that one morning as he breakfasted with a group of associates, he noticed a man “not in our group, who drove a Lincoln Continental and read The Wall Street Journal. The company traces its history to the late 1960s, when Perry Mendel, a real estate developer from Montgomery, Alabama, speculated that the increasing numbers of women entering the work force might prompt a rise in demand for preschool child care. By the end of the year, 1,165 KinderCare centers were operating in 39 states. In April 1993, however, KinderCare emerged from bankruptcy and looked forward to renewed success, focusing on filling the specific needs of niche markets, including infant care and facilities for older children of working parents. Following a rapid rise to prominence in the 1970s, the company began to diversify, incurring significant debt along the way that prompted its 1992 filing for bankruptcy. is the largest chain of childcare facilities in the United States, based upon number of centers, children served, and revenues. Public Company Incorporated: 1970 Employees: 21,000 Total Assets: $456.9 million Stock Exchanges: NASDAQ SICs: 8351 Child Day Care Services 2400 Presidents Drive Montgomery, Alabama 36116 U.S.A.

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