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CoreCivic and the GEO Group, two of the largest U.S. private prison companies, could lose as much as a quarter of their revenue, about $1 billion a year between them, under new limits on the ...
A company in the prison facilities field hit a new 52-week high this week, a sign of solid investor interest. The GEO Group Inc. (NYSE: GEO) benefits from the optimism of famed value investor ...
The state asked for bids from private companies, anticipating a major buildout of juvenile prisons. In 1995, Slattery won two contracts to operate facilities in Florida. The two new prisons were originally intended to house boys between 14 and 19 who had been criminally convicted as adults.
CoreCivic and Florida-based corrections company Geo Group are the top two private prison firms in the nation. Geo Group's stock also saw a sizable rise in value since the presidential election.
Eden Detention Center in Eden, Texas. CoreCivic, Inc. formerly the Corrections Corporation of America (CCA), is a company that owns and manages private prisons and detention centers and operates others on a concession basis.
Florida leads the nation in placing state prisons in the hands of private, profit-making companies. In recent years, the state has privatized the entirety of its $183 million juvenile commitment system — the nation’s third-largest, trailing only California and Texas.
On August 18, 2016, Deputy U.S. Attorney General Sally Yates announced that the Justice Department intended to end its Bureau of Prisons contracts with for-profit prison operators, generally. [37] As of 2015, GEO Group operated 26 federal prison centers, for the departments of both Justice and Homeland Security, which would have been affected ...
A private prison, or for-profit prison, is a place where people are imprisoned by a third party that is contracted by a government agency.Private prison companies typically enter into contractual agreements with governments that commit prisoners and then pay a per diem or monthly rate, either for each prisoner in the facility, or for each place available, whether occupied or not.