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GEO Group Buys Just Care For $40 Million
Loaded on March 15, 2010
published in Prison Legal News
March, 2010, page 37
Geo Group, Inc., one of the country’s largest private prison and detention operators, has agreed to acquire Just Care. Just Care operates a 354-bed medical and mental health care unit in Columbia, South Carolina.
Filed under:
Private Prisons,
GEO Group/Wackenhut,
Financing,
Justice Care Inc,
Private Contractors.
Location:
South Carolina.
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.
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- Certificate of Merit in Medical Malpractice Suits Unconstitutional in Washington State, by Jimmy Franks
- Illinois Prisoners Bilked Out of Millions Through DOC Commissary Surcharges, by Joseph R. Dole
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- New Orleans Jail Conditions Found Unconstitutional, by Jimmy Franks
- Jury Awards $80,001 to New Hampshire Prisoner for Guard Beating
- California Prison Erupts, Hundreds Hurt in Riot, Multiple Causes Cited
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- GEO Group Prison Squalor Drives Idaho Prisoner to Suicide: $100,000 Settlement
- South Carolina Prisoner Does Easy Time, by Gary Hunter
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