THE GEO GROUP, INC. (NYSE:GEO) Files An 8-K Other Events
Item8.01
| Other Events. |
On April6, 2017, The GEO Group, Inc. (GEO) announced the closing
of its acquisition of Community Education Centers (CEC), a
private provider of rehabilitative services in reentry and
in-prison treatment facilities as well as management services for
county, state and federal correctional and detention facilities.
GEO acquired CEC for $360million in an all cash transaction,
excluding transaction related expenses. GEO plans to integrate
CEC into GEOs existing business units of GEO Corrections
Detention and GEO Care.
A copy of the press release announcing the closing of the
transaction is filed as Exhibit 99.1 to this report and is
incorporated herein by this reference.
Section9Financial Statements and Exhibits
| Item9.01 | Financial Statements and Exhibits |
| d) | Exhibits |
| 99.1 |
Press Release, dated April6, 2017, announcing the closing of GEOs acquisition of Community Education Centers. |
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About THE GEO GROUP, INC. (NYSE:GEO)
The GEO Group, Inc. is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa and the United Kingdom. The Company operates in four segments: U.S. Corrections & Detention, GEO Care, International Services, and Facility Construction & Design. The Company owns, leases and operates a range of correctional and detention facilities including maximum, medium and minimum security prisons, immigration detention centers, minimum security detention centers, as well as community based reentry facilities, and offers delivery of offender rehabilitation services under its GEO Continuum of Care platform. The GEO Continuum of Care program integrates in-prison programs, which include cognitive behavioral treatment and post-release services. THE GEO GROUP, INC. (NYSE:GEO) Recent Trading Information
THE GEO GROUP, INC. (NYSE:GEO) closed its last trading session up +0.77 at 47.76 with 567,844 shares trading hands.