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In 2003, WCC management raised funds to repurchase all common stock held by G4S, and in 2004, the company changed its name to The GEO Group, Inc. [4] In 2005, the company acquired Correctional Services Corporation (CSC) for $62 million in cash, and the assumption of $124 million in debt. [6]
Geo Group (NYSE: GEO) Q3 2024 Earnings Call Nov 07, 2024, 12:00 p.m. ET. ... our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to ...
GEO earnings call for the period ending June 30, 2024.
Cornell Companies (NYSE:CRN) was an American corporation that operated correctional facilities, contracting them to state and local governments. The company's headquarters were located in Houston, Texas. [1] On August 12, 2010, Cornell was acquired by the GEO Group.
Zoley established The GEO Group as a division of The Wackenhut Corporation in 1984 when the company was named Wackenhut Corrections Corporation. He founded GEO care Inc. a subsidiary of The GEO Group, Inc. in 1984. Prior to founding the GEO Group, he served as manager, director, and vice president of government services at Wackenhut.
For-profit prison operator-gone-REIT GEO Group satisfied investors and analysts this past week with on-par earnings. For years, the company has benefited from the U.S. imprisonment boom ...
A contract with Immigration and Customs Enforcement (ICE) expanded the detention center's housing capacity in 2009, making it the largest detention center owned by GEO Group on the West Coast. [6] In March 2014, inmates launched a hunger strike to protest conditions at NWDC. According to ICE, 750 detainees had refused meals. [7]
The GEO Group Authorizes Special Dividend of $350 Million, Takes Critical Steps Toward 2013 REIT Conversion Internal Corporate Restructuring will Position GEO to Operate in Compliance with the ...