Private-Prison Market Sees Surge in Stock Prices

The private-prison market has seen a major surge in stock prices since Donald Trump won the presidential election last week.

Arizona DOC to Purchase Kingman Facility

Arizona Department of Corrections (DOC) officials received approval from a legislative committee in June to purchase the Arizona State Prison-Kingman, located in Golden Valley, from GEO Group of Boca Raton, Fla., for upwards of $137 million.

Geo Group Announces New Contracts in Oklahoma, Pennsylvania

The Geo Group of Boca Raton, Fla., announced on Dec. 30 that it has signed contracts with the Federal Bureau of Prisons (BOP) for the continued management of both the Moshannon Valley Correctional Center in Phillipsburg, Pa., and for the reactivation of the Great Plains Correctional Facility in Hinton, Okla.

Adelanto Likely to Add Two New Prisons

Though Californians just passed Proposition 47, which is in part intended to reduce prison crowding, the community of Adelanto, Calif., is embracing more correctional construction.

GEO Group Announces Management of Three New Facilities

On Feb. 1 the GEO Group assumed management of three Florida correctional facilities under a contract with the state’s Department of Management Services.

Geo Community Reentry Services to Operate California Day Reporting Centers

The California Department of Corrections and the Division of Adult Parole Operations has hired Geo Community Reentry Services, a division of Boca Raton, Fla.-based The Geo Group, to operate four intensive parolee reentry centers.

The Prisons & Correctional Facilities Summit is Fast Approaching

The Institute for Defense & Government Advancement (IDGA) Prisons & Correctional Facilities Summit on Dec. 3-5, 2012, in Arlington, Va., will showcase high-level government and private correctional executives, capability requirements and acquisition priorities for 2013 and beyond.

Private Immigration Companies Under Scrutiny

While public employees in the prison sector are sweating it out, hoping they don’t lose the perpetual game of budget bingo being played out across the country, the private prison industry that houses illegal immigrants has been flourishing.

GEO Group Announces Continuation of Contract in California

The Geo Group announced that it has received a letter from the California Department of Corrections and Rehabilitation rescinding the previous notice of termination regarding Geo’s management contract for the 625-bed Golden State Correctional Facility in McFarland, Calif. 

Fla. Prison Privatization Questioned

TALLAHASSEE, Fla. — A small group of politically influential companies could be awarded a contract worth millions of dollars in a legislative effort to privatize Florida’sprisonhealthcare services, according to reports.