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GEO Group Buys Out Correctional Services Corporation

Loaded on Jan. 15, 2006 published in Prison Legal News January, 2006, page 31
Filed under: Private Prisons, Esmor/CSC, GEO Group/Wackenhut, Financing, Settlements, Service, Medical Neglect/Malpractice. Location: Florida.
In November 2005, GEO Group, the second-largest private prison company in the U.S., finalized its purchase of the Sarasota, Florida-based Correctional Services Corporation (CSC) for $6 a share -- a total of $62 million in cash -- and the assumption of $124 million of CSC's debt. GEO had previously announced ...

 

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  2. From the Editor, by Paul Wright
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