June 30, 2008
The current trend of mergers and acquisitions (m&a's) has spread into all industries. So much so that I have been impacted by one too. No, I'm not an i-banker that closed any deals nor am I an employee that's been canned. It's just that my daughter's school has been acquired by another group, a bigger and supposedly a more profitable group that can run things better at her school. So we've gone from being a 'mom and pop' school to a franchise-run academy! Maybe the future holds better food, open on weekends, better staff, a uniform and definitely a higher fee! There's no place for mediocrity anymore, only the bottomline counts. Especially for the schools.