BFAM-06.30.14-ex 99.1

"We are pleased with our results this past quarter and through the first half of the year," said David Lissy, Chief Executive Officer. “Growth was strong across our full suite of solutions, including full service centers, back-up care and educational advisory services. We also continued to invest in people and technologies to support this growth and our high quality of service while at the same time monitoring overhead spending in order to leverage our infrastructure across the Company."

"This past June we released the Bright Horizons Modern Family Index," continued Mr. Lissy, "and the findings showed that working mothers and fathers alike continue to struggle to balance work and family responsibilities and confirmed that employers that offer them supports, such as child care and elder care, are more likely to engender loyalty, integrity and commitment from their workforce. These findings were an important reminder that while employers who invest in services like ours are ahead of the game, there is still much work to be done to help support working families, and we are proud to be a leader and advocate in providing this critical support."

Adjusted EBITDA increased $7.8 million and adjusted income from operations increased $6.2 million in the second quarter of 2014 primarily as a result of the $7.7 million increase in gross profit, partially offset by increases in selling, general and administrative expenses ("SG&A"). The adjusted EBITDA increase reflects enrollment gains in mature and ramping centers, contributions from new child care centers, back-up dependent care and educational advisory clients that have been added since the second quarter of 2013, and strong cost management. These gains are tempered by the integration of the Company’s acquisitions of Kidsunlimited in the UK in April 2013 and Children’s Choice in the US in July 2013, and the costs incurred during the initial ramp up phase for certain new lease/consortium centers opened over the past 12 to 18 months.

Income from operations was $42.5 million for the second quarter of 2014 compared to $35.4 million in the same 2013 period, and net income was $21.7 million for the second quarter of 2014 compared to net income of $24.5 million in the same 2013 period. In the second quarter of 2013, the provision for income taxes of $2.0 million represented an effective tax rate of 7.4% due to the realization of a previously unrecognized tax benefit of approximately $4.1 million upon completion of a UK tax enquiry and the projection of the expected applicable tax rate for the full year 2013, including the impact on income before income taxes of the expenses related to the initial public offering (the "IPO") and debt refinancing that were completed in the first quarter of 2013. Adjusted net income increased by $4.4 million, or 19%, to $27.5 million on the expanded adjusted income from operations. Diluted adjusted earnings per pro forma common share was $0.41, an increase of 17% compared to the second quarter in 2013.

expenses associated with completed acquisitions, and the management agreement fee paid to Bain Capital Partners LLC (the "Sponsor"). Adjusted income from operations represents income from operations before expenses related to the completion of the IPO and secondary offerings, and expenses associated with completed acquisitions. Adjusted net income represents net income determined in accordance with GAAP, adjusted for stock compensation expense, amortization expense, the Sponsor management agreement fee, IPO and refinancing expenses, secondary offering expenses, expenses associated with completed acquisitions and the income tax provision (benefit) thereon. These non-GAAP measures are more fully described and are reconciled from the respective measures determined under GAAP in the table referred to below. Diluted adjusted earnings per pro forma common share is a non-GAAP measure, calculated using adjusted net income, and gives effect to the conversion of Class L common stock as if the conversion were completed at the beginning of the respective fiscal period. Please refer to "Non-GAAP Measures," "Bright Horizons Family Solutions Inc. Non-GAAP Reconciliations," and "Bright Horizons Family Solutions Inc. Diluted Adjusted Earnings per Pro Forma Common Share" for further detail.

During the six months ended June 30, 2014, the Company generated approximately $104.4 million of cash flow from operations compared to $98.4 million for the same period in 2013 and invested $36.2 million in fixed assets and acquisitions compared to $103.9 million in the same 2013 period. Net cash provided by financing activities totaled $14.2 million in the six months ended June 30, 2014 compared to $35.3 million for the same 2013 period. The Company raised $234.9 million of net proceeds from the IPO completed on January 30, 2013, and repaid all of its outstanding indebtedness with the proceeds from the IPO and proceeds from the issuance of $790.0 million in new secured term loans. During the six months ended June 30, 2014, the Company's cash and cash equivalents grew $82.7 million to $112.3 million.

Bright Horizons Family Solutions will host an investor conference call today at 5:00 pm ET. Interested parties are invited to listen to the conference call by dialing 1-877-407-9039 or, for international callers, 1-201-689-8470, and asking for the Bright Horizons Family Solutions conference call, moderated by Chief Executive Officer David Lissy. Replays of the entire call will be available through August 14, 2014 at 1-877-870-5176 or, for international callers, at 1-858-384-5517, conference ID # 13586965. A webcast of the conference call will also be available through the Investor Relations section of the Company's web site, www.brighthorizons.com. A copy of this press release is available on the web site.

This press release includes statements that express the Company's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." Bright Horizons Family Solutions' actual results may vary significantly from the results anticipated in these forward-looking statements, which can generally be identified by the use of forward-looking terminology, including the terms "believes," "expects," "may," "will," "should," "seeks," "projects," "approximately," "intends," "plans," "estimates" or "anticipates," or, in each case, their negatives or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They include statements regarding the Company's intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the industries in which we and our partners operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company believes that these risks and uncertainties include, but are not limited to, the following: changes in the demand for child care and other dependent care services, including variation in enrollment trends and lower than expected demand from employer sponsor clients; the possibility that acquisitions may disrupt our operations and expose us to additional risk; our ability to pass on our increased costs; changes in our relationships with employer sponsors; our substantial indebtedness and the

terms of such indebtedness; our ability to withstand seasonal fluctuations in the demand for our services; significant competition within our industry; our ability to implement our growth strategies successfully; as well as those risks and uncertainties described in the "Risk Factors" section of our Annual Report on Form 10-K filed March 25, 2014. These forward-looking statements speak only as of the time of this release and we do not undertake to publicly update or revise them, whether as a result of new information, future events or otherwise, unless required by law.

In addition to the results provided in accordance with U.S. generally accepted accounting principles ("GAAP") throughout this document, the Company has provided non-GAAP measurements - adjusted EBITDA, adjusted income from operations, adjusted net income and diluted adjusted earnings per pro forma common share - which present operating results on a basis adjusted for certain items. The Company uses these non-GAAP measures as key performance measures for the purpose of evaluating performance internally. We also believe these non-GAAP measures provide investors with useful information with respect to our historical operations. These non-GAAP measures are not intended to replace the presentation of our financial results in accordance with GAAP. The use of the terms adjusted EBITDA, adjusted income from operations, adjusted net income and diluted adjusted earnings per pro forma common share may differ from similar measures reported by other companies. Adjusted EBITDA, adjusted income from operations, and adjusted net income are reconciled from the respective measures under GAAP in the attached table "Bright Horizons Family Solutions Inc. Non-GAAP Reconciliations."

The number of common shares used in the calculations of diluted adjusted earnings per pro forma common share for the 2013 reported periods give effect to the conversion of all outstanding shares of Class L common stock at the conversion factor of 35.1955 common shares for each Class L share, as if the conversion was completed at January 1, 2013. Diluted adjusted earnings per pro forma common share is calculated using the two-class method and includes the dilutive effect of stock options. Shares sold in the IPO are included in the diluted adjusted earnings per pro forma common share calculations beginning on the date that such shares were actually issued. Diluted adjusted earnings per pro forma common share is calculated using adjusted net income, as defined above. See the attached table "Bright Horizons Family Solutions Inc. Diluted Adjusted Earnings per Pro Forma Common Share" for further detail.

Bright Horizons Family Solutions^® is a leading provider of high-quality child care, early education and other services designed to help employers and families better address the challenges of work and life. The Company provides center-based full service child care, back-up dependent care and educational advisory services to more than 900 clients across the United States, the United Kingdom, Ireland, the Netherlands, Canada and India, including more than 130 FORTUNE 500 companies and more than 80 of Working Mother magazine's 2013 "100 Best Companies for Working Mothers." Bright Horizons is one of FORTUNE magazine's "100 Best Companies to Work For" and is one of the UK's Best Workplaces as designated by the Great Place to Work^® Institute. Bright Horizons is headquartered in Watertown, MA. The Company's web site is located at www.brighthorizons.com.

BRIGHT HORIZONS FAMILY SOLUTIONS INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share data) (Unaudited)

	Three Months Ended June 30,
	2014			%		2013			%
Revenue	$	348,100		100.0	%	$	310,813		100.0	%
Cost of services	264,986			76.1	%	235,388			75.7	%
Gross profit	83,114			23.9	%	75,425			24.3	%
Selling, general and administrative expenses	33,204			9.5	%	32,426			10.4	%
Amortization of intangible assets	7,375			2.1	%	7,602			2.5	%
Income from operations	42,535			12.3	%	35,397			11.4	%
Interest expense, net	(8,614		)	(2.5	)%	(8,924		)	(2.9	)%
Income before income taxes	33,921			9.8	%	26,473			8.5	%
Income tax expense	(12,207		)	(3.5	)%	(1,966		)	(0.6	)%
Net income	21,714			6.3	%	24,507			7.9	%
Net loss attributable to non-controlling interest	—			—	%	(72		)	—	%
Net income attributable to Bright Horizons Family Solutions Inc.	$	21,714		6.3	%	$	24,579		7.9	%

Earnings per common share:
Common stock—basic	$	0.33				$	0.38
Common stock—diluted	$	0.32				$	0.37
Weighted average number of common shares outstanding:
Common stock—basic	65,772,698					64,732,730
Common stock—diluted	67,456,880					66,635,484

BRIGHT HORIZONS FAMILY SOLUTIONS INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share data) (Unaudited)

	Six Months Ended June 30,
	2014			%		2013			%
Revenue	$	680,255		100.0	%	$	590,936		100.0	%
Cost of services	519,992			76.4	%	449,721			76.1	%
Gross profit	160,263			23.6	%	141,215			23.9	%
Selling, general and administrative expenses	68,608			10.1	%	76,031			12.9	%
Amortization of intangible assets	15,109			2.2	%	14,350			2.4	%
Income from operations	76,546			11.3	%	50,834			8.6	%
Loss on extinguishment of debt	—			—	%	(63,682		)	(10.8	)%
Interest expense, net	(17,341		)	(2.5	)%	(22,192		)	(3.7	)%
Income (loss) before income taxes	59,205			8.8	%	(35,040		)	(5.9	)%
Income tax (expense) benefit	(21,443		)	(3.2	)%	8,766			1.5	%
Net income (loss)	37,762			5.6	%	(26,274		)	(4.4	)%
Net loss attributable to non-controlling interest	—			—	%	(110		)	—	%
Net income (loss) attributable to Bright Horizons Family Solutions Inc.	$	37,762		5.6	%	$	(26,164	)	(4.4	)%

Earnings (loss) per common share:
Common stock—basic	$	0.57				$	(0.43	)
Common stock—diluted	$	0.56				$	(0.43	)
Weighted average number of common shares outstanding:
Common stock—basic	65,590,275					60,265,132
Common stock—diluted	67,333,130					60,265,132

BRIGHT HORIZONS FAMILY SOLUTIONS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) (Unaudited)

	June 30, 2014		December 31, 2013
ASSETS
Current assets:
Cash and cash equivalents	$	112,283	$	29,585
Accounts receivable—net	58,084		78,691
Other current assets	54,314		56,894
Total current assets	224,681		165,170
Fixed assets—net	400,724		390,894
Goodwill	1,104,406		1,096,283
Other intangibles—net	421,877		435,060
Other assets	14,794		15,263
Total assets	$	2,166,482	$	2,102,670
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	7,900	$	7,900
Accounts payable and accrued expenses	112,415		107,626
Deferred revenue and other current liabilities	129,740		139,562
Total current liabilities	250,055		255,088
Long-term debt	753,879		756,323
Deferred income taxes	139,995		139,888
Other long-term liabilities	70,825		62,234
Total liabilities	1,214,754		1,213,533
Total stockholders’ equity	951,728		889,137
Total liabilities and stockholders’ equity	$	2,166,482	$	2,102,670

BRIGHT HORIZONS FAMILY SOLUTIONS INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited)

	Six months ended June 30,
	2014			2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	37,762		$	(26,274	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	38,950			34,601
Loss on extinguishment of debt	—			63,682
Interest paid in kind	—			2,143
Stock-based compensation	4,423			8,305
Deferred income taxes	(159		)	431
Other non-cash adjustments, net	3,003			3,131
Changes in assets and liabilities:
Accounts receivable	20,715			7,691
Prepaid expenses and other current assets	3,041			(18,256		)
Accounts payable and accrued expenses	4,170			5,213
Other, net	(7,536		)	17,759
Net cash provided by operating activities	104,369			98,426
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of fixed assets, net	(30,701		)	(39,662		)
Payments for acquisitions, net of cash acquired	(6,522		)	(64,213		)
Settlement of purchase price for prior year acquisitions	1,030			—
Net cash used in investing activities	(36,193		)	(103,875		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt, net	—			769,360
Extinguishment of long-term debt	—			(972,468		)
Proceeds from initial public offering, net	—			234,944
Principal payments of long-term debt	(3,950		)	(3,950		)
Purchase of treasury stock	(3,079		)	—
Proceeds from issuance of common stock upon exercise of options	11,027			4,668
Proceeds from issuance of restricted stock	4,709			—
Tax benefit from stock-based compensation	5,444			2,791
Net cash provided by financing activities	14,151			35,345
Effect of exchange rates on cash and cash equivalents	371			(1,006		)
Net increase in cash and cash equivalents	82,698			28,890
Cash and cash equivalents—beginning of period	29,585			34,109
Cash and cash equivalents—end of period	$	112,283		$	62,999



	Full service center-based care		Back-up dependent care		Other educational advisory services		Total
Three months ended June 30, 2014
Revenue	$	300,724	$	39,740	$	7,636	$	348,100
Amortization of intangible assets	7,050		181		144		7,375
Income from operations	29,497		12,181		857		42,535
Adjusted income from operations (1)	29,497		12,181		857		42,535

Three months ended June 30, 2013
Revenue	$	269,910	$	35,717	$	5,186	$	310,813
Amortization of intangible assets	7,346		181		75		7,602
Income from operations	24,062		10,927		408		35,397
Adjusted income from operations (1)	24,974		10,927		408		36,309



	Full service center-based care		Back-up dependent care		Other educational advisory services			Total
Six months ended June 30, 2014
Revenue	$	587,748	$	77,196	$	15,311		$	680,255
Amortization of intangibles	14,456		362		291			15,109
Income from operations	51,508		23,873		1,165			76,546
Adjusted income from operations (1)	52,058		23,873		1,165			77,096

Six months ended June 30, 2013
Revenue	$	512,160	$	68,878	$	9,898		$	590,936
Amortization of intangibles	13,837		362		151			14,350
Income (loss) from operations	32,934		18,394		(494		)	50,834
Adjusted income from operations (1)	45,181		20,248		284			65,713



	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Net income (loss)	$	21,714		$	24,507		$	37,762		$	(26,274	)
Interest expense, net	8,614			8,924			17,341			22,192
Income tax expense (benefit)	12,207			1,966			21,443			(8,766		)
Depreciation	11,960			10,553			23,841			20,251
Amortization of intangible assets (a)	7,375			7,602			15,109			14,350
EBITDA	61,870			53,552			115,496			21,753
Additional Adjustments:
Deferred rent (b)	535			524			1,315			1,363
Stock compensation expense (c)	2,038			1,685			4,423			8,305
Sponsor management fee (d)	—			—			—			7,674
Loss on extinguishment of debt (e)	—			—			—			63,682
Expenses related to secondary offering	—			647			550			647
Acquisition-related costs (f)	—			265			—			1,764
Total adjustments	2,573			3,121			6,288			83,435
Adjusted EBITDA	$	64,443		$	56,673		$	121,784		$	105,188
Income from operations	$	42,535		$	35,397		$	76,546		$	50,834
Performance-based stock compensation expense (c)	—			—			—			4,968
Sponsor termination fee (d)	—			—			—			7,500
Expenses related to secondary offering	—			647			550			647
Acquisition-related costs (f)	—			265			—			1,764
Adjusted income from operations	$	42,535		$	36,309		$	77,096		$	65,713
Net income (loss)	$	21,714		$	24,507		$	37,762		$	(26,274	)
Income tax expense (benefit)	12,207			1,966			21,443			(8,766		)
Income (loss) before tax	33,921			26,473			59,205			(35,040		)
Stock compensation expense (c)	2,038			1,685			4,423			8,305
Sponsor management fee (d)	—			—			—			7,674
Amortization of intangible assets (a)	7,375			7,602			15,109			14,350
Loss on extinguishment of debt (e)	—			—			—			63,682
Expenses related to secondary offering	—			647			550			647
Acquisition-related costs (f)	—			265			—			1,764
Adjusted income before tax	43,334			36,672			79,287			61,382
Income tax expense (g)	(15,817		)	(13,568		)	(29,119		)	(22,712		)
Adjusted net income	$	27,517		$	23,104		$	50,168		$	38,670



	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Diluted earnings (loss) per pro forma common share:
Net income (loss)	$	21,714	$	24,507	$	37,762	$	(26,274	)
Pro forma weighted average number of common shares—diluted:
Weighted average number of Class L shares over period in which Class L shares were outstanding (1)	—		—		—		1,327,115
Adjustment to weight Class L shares over respective period	—		—		—		(1,253,387		)
Weighted average number of Class L shares over period	—		—		—		73,728
Class L conversion factor	—		—		—		35.1955
Weighted average number of converted Class L common shares	—		—		—		2,594,916
Weighted average number of common shares	65,772,698		64,732,730		65,590,275		60,265,132
Pro forma weighted average number of common shares—basic	65,772,698		64,732,730		65,590,275		62,860,048
Incremental dilutive shares (2)	1,684,182		1,902,754		1,742,855		—
Pro forma weighted average number of common shares—diluted	67,456,880		66,635,484		67,333,130		62,860,048
Diluted earnings (loss) per pro forma common share	$	0.32	$	0.37	$	0.56	$	(0.42	)

Diluted adjusted earnings per pro forma common share:
Adjusted net income	$	27,517	$	23,104	$	50,168	$	38,670
Pro forma weighted average number of common shares—basic	65,772,698		64,732,730		65,590,275		62,860,048
Incremental dilutive shares (2)	1,684,182		1,902,754		1,742,855		1,832,986
Pro forma weighted average number of common shares—diluted	67,456,880		66,635,484		67,333,130		64,693,034
Diluted adjusted earnings per pro forma common share	$	0.41	$	0.35	$	0.74	$	0.60


•	Adjusted income from operations* increased 17% to $43 million


•	Adjusted net income ranging from $97 million to $99 million in 2014


(1)	Adjusted income from operations represents income from operations excluding expenses incurred in connection with secondary offerings and transaction costs associated with the acquisition of businesses in 2013.


(a)	Represents amortization of intangible assets, including approximately $5.0 million and $10.0 million for the three and six months ended June 30, 2014 and 2013, associated with intangible assets recorded in connection with our going private transaction in May 2008.


(b)	Represents rent in excess of cash paid for rent, recognized on a straight line basis over the life of the lease in accordance with Accounting Standards Codification Topic 840, Leases.


(c)	Represents non-cash stock-based compensation expense, including performance-based stock compensation charge in 2013.


(d)	Represents fees paid to our Sponsor under a management agreement, including the Sponsor termination fee.


(e)	Represents redemption premiums and write off of unamortized debt issue costs and original issue discount associated with indebtedness that was repaid in connection with a refinancing.


(f)	Represents costs associated with the acquisition of businesses.


(g)	Represents income tax expense calculated on adjusted income before tax at the effective rate of approximately 37% in both 2014 and 2013.


(2)	Represents the dilutive effect of stock options using the treasury stock method. For purposes of the diluted loss per pro forma common share for the six months ended June 30, 2013, there is no dilutive effect since there was a loss recorded during the period.