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April 30, 2014
08:36 EDTGEOGeo Group announces 640-bed expansion of Adelanto detention facility in CA
The GEO Group announced a 640-bed expansion to the company-owned, 1,300-bed Adelanto Detention Facility in California under an amendment to the existing contract with the City of Adelanto. GEO will finance, develop, and manage the $45M expansion, which will increase the Facility’s total capacity to 1,940 beds and is expected to generate approximately $21M in additional annualized revenues. GEO expects to complete the 640-bed expansion and begin intake by July 2015. The City of Adelanto has an agreement to provide detention and transportation services for U.S. Immigration and Customs Enforcement.
News For GEO From The Last 14 Days
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September 19, 2014
07:48 EDTGEOGeo Group management to meet with SunTrust
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September 16, 2014
08:35 EDTGEOGeo Group signs contract for development, operation of Ravenhall Prison
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07:30 EDTGEOCRT Capital to hold a conference
2nd Annual Investor Conference to be held in Greenwich, CT on September 16.
September 10, 2014
08:37 EDTGEOGeo Group awarded contract by ICE for continued services
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