— Texas prison authorities say they are considering jamming cell phones after an inmate used a contraband cell phone to escape from prison.Read more
BOCA RATON, Fla. — Private prison operator The GEO Group was awarded a contract for the housing of up to 600 immigration detainees by the United States Immigration and Customs Enforcement Service, or ICE. Officials in Karnes County Texas officials awarded the contract, and GEO Group expects to generate $15 million in annual revenues.Read more
When El Paso County’s Lighthouse Detoxification Facility was closed due to a funding shortage and staffing problems, hospitals started experiencing a major increase in patients needing detox services in their emergency rooms.
Headquartered in Boca Raton, GEO will acquire Cornell, which is based in Houston, for stock and/or cash at an estimated enterprise value of $685 million. The enterprise value (excluding cash on hand) includes approximately $300 million in debt, which GEO will assume. Read more