Tue, Sep 30, 2014, 6:55 AM EDT - U.S. Markets open in 2 hrs 35 mins

Recent

% | $
Quotes you view appear here for quick access.

The GEO Group, Inc. Message Board

  • mcprison mcprison Feb 16, 2001 12:13 PM Flag

    Arkansas story update 1

    The Associated Press State & Local Wire


    February 16, 2001, Friday, BC cycle

    4:24 AM Eastern Time

    SECTION: State and Regional

    LENGTH: 580 words

    HEADLINE: Wackenhut bails out, board votes to return prison to DOC

    BYLINE: By BRIAN SKOLOFF, Associated Press Writer

    DATELINE: WRIGHTSVILLE, Ark.

    BODY:

    The private company operating two state prisons for the Arkansas
    Department
    of Correction said Thursday it wouldn't do so anymore, citing the high
    cost of
    medical care and higher wage demands.

    The state Board of Correction and Community Punishment already was
    scheduled
    to discuss Wackenhut Correction Corp.'s performance, but Wackenhut's
    decision
    not to renew its contract eliminated that need. Instead, the board
    placed the
    two Newport-area prisons under the Correction Department.

    The Grimes Unit men's prison and the McPherson Unit women's prison
    will
    return to state control after Wackenhut's contract expires June 30.

    As part of a regular meeting, the board was to discuss sanitation
    problems
    and allegations of inmate idleness at the two facilities and decide
    whether to
    renew its contract with the Palm Beach Gardens, Fla.-based company.

    Wackenhut President Wayne Calabrese said it was difficult to run the
    prison
    on the state's terms.

    "It is a very unusual situation. We have never had a situation where
    we've
    said we did not want to renew our contract," Calabrese said.

    Calabrese said his company has contracts to run 57 prisons around the
    world.
    He cited growing medical care costs for female prisoners and increased
    staff
    wages as reasons for not renewing the Arkansas contracts.

 
GEO
37.93+0.50(+1.34%)Sep 29 4:04 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
The Kroger Co.
NYSEMon, Sep 29, 2014 4:02 PM EDT
Civeo Corporation
NYSEMon, Sep 29, 2014 4:00 PM EDT