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Wheeler's 3-year-old daughter attends 1/2 day in-home child care five days a week. "We spend $14,000 annually for part-time care. This year, our day care provider's rates are going up by $200 a month.
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The company continued operating, although, according to a 1988 Forbes article, less than half of Kinder-Care's sales and profits for the year were expected to come from its child care centers. In January 1993, in a move that helped their balance sheet, KinderCare sold off Sylvan Learning Centers for $8 million.
Childcare, also known as day care, is the care and supervision of one or more children, typically ranging from two weeks to 18 years old. Although most parents spend a significant amount of time caring for their child(ren), childcare typically refers to the care provided by caregivers who are not the child's parents.
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