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The GEO Group, Inc. Message Board

  • mainst_20 mainst_20 Dec 29, 1999 11:12 PM Flag

    Question?

    Does anyone have an opinion on how the Hospital
    segment is working out? has it been a success? does it
    make money? is it going to grow and contribute to the
    bottom line? how common is it in this industry? (to run
    a hospital?), I am new ot this, see some value
    here, any information will be
    appreciated.

    Thanks-----MainSt.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • There was an article in the NY Times this past
      Tuesday on WHC's Psyc. Hospital. Overall it was positive
      on the progress that WHC has made, but it was
      uncertain/doubtful as to it's profitability.

      The behavorial
      health business has crept into the private corrections
      business, and when it is done on an outpatient or more
      moderate scale (as to the type of facility), it has pretty
      decent profit margins. However, I don't think running
      the large phyc. hospitals work well because of the
      very high overhead and cost of these large phyc.
      hospitals (i.e. most of these type of facilities were build
      back in the days of receiving $1000-$2000 per day for
      a client, and most of those days are
      gone).

      However, the real question for WHC (if they indeed want to
      grow in this area) is if they can either purchase one
      of these facilities for pennies on the dollar, or be
      able to build a more cost effective facility (which is
      something the private corrections industry has a good
      reputation with in the prison side).

 
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