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This site contains over 2,000 news articles, legal briefs and publications related to for-profit companies that provide correctional services. Most of the content under the "Articles" tab below is from our Prison Legal News site. PLN, a monthly print publication, has been reporting on criminal justice-related issues, including prison privatization, since 1990. If you are seeking pleadings or court rulings in lawsuits and other legal proceedings involving private prison companies, search under the "Legal Briefs" tab. For reports, audits and other publications related to the private prison industry, search using the "Publications" tab.
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GEO Group Buys Just Care For $40 Million
In announcing the acquisition, GEO Group said it expected an additional $30 million in annual revenue from the purchase, along with a four cent increase in its profit per share. The company said the acquisition is being financed with free cash flow and borrowings; GEO completed the acquisition of Just Care in October 2009.
Geo Group, like most other private prison operators, has been plagued with problems at its facilities. Inadequate medical care at a west Texas immigration facility led to riots by prisoners in 2008, for instance. But with profits as the bottom line, instead of the general welfare of prisoners, these kinds of problems are to be expected. Such a history does not bode well for the fate of Geo Group’s most recent acquisition.
