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Corrections Corporation of America Message Board

  • deywar deywar Feb 4, 2002 9:47 PM Flag

    Man, This Hurts!!

    The states are in the hole and cutting back. Bush wants to fry pushers for helping terrorists. Lookin' real bad for McPrison, America's last growth industry.

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    • Watch and see how this relocation/outsourcing trend continues through '02-'03. They have no choice, there is no room for the inmates.

      Monday December 10, 5:48 pm Eastern Time
      Press Release
      SOURCE: Corrections Corporation of America
      CCA Announces New Contracts With Kansas And Wyoming
      NASHVILLE, Tenn., Dec. 10 /PRNewswire/ -- Corrections Corporation of America (NYSE: CXW - news) announced that it has entered into separate contracts with the State of Kansas and the State of Wyoming, according to CCA officials.

      Adult male offenders from both Kansas and Wyoming were placed in CCA's medium-security Kit Carson Correctional Center in Burlington, Colorado, within the last week. Both contracts allow for CCA to manage up to 100 inmates initially.

      The Kansas contract represents the first relationship CCA has had in offering services to that state. Additionally, it represents the first time that the State of Kansas has sent inmates out of state. CCA has provided services to Wyoming, but not for a number of years.

      ``We are extremely pleased with the opportunity to establish these new partnerships with the States of Kansas and Wyoming in an effort to meet their immediate correctional needs,'' said John Ferguson, President and Chief Executive Officer. ``The signing of these new state government contracts reflects well on CCA's reputation for quality correctional services and our ability to respond quickly to existing government needs. CCA is grateful for the opportunity to earn the trust of these new customers and to provide a meaningful public service to the citizens of these two states.''

      Kit Carson Correctional Center is privately owned by CCA and serves the needs of the State of Colorado. The facility, which opened in November 1998, is accredited by the American Correctional Association and has a total capacity of 768 inmates. A wide array of education, vocation, substance abuse and life skills courses are offered to offenders as part of a comprehensive rehabilitation program aimed at enhancing their opportunities for a successful re-entry into society.

      CCA is the nation's largest provider of outsourced corrections management services, housing an inmate population larger than that of all but five public correctional systems in the United States. The Company specializes in owning, operating and managing prisons and other correctional facilities and providing inmate residential and prisoner transportation services for governmental agencies. In addition to providing the fundamental residential services relating to inmates, each of the Company's facilities offers a variety of rehabilitation and educational programs, including basic education, life skills and employment training and substance abuse treatment. CCA also provides health care (including medical, dental and psychiatric services), institutional food services and work and recreational programs. The Company owns or manages 70 facilities including 68 correctional and detention facilities with a total design capacity of approximately 65,000 beds in 21 states, the District of Columbia and Puerto Rico, of which 68 facilities are operating (two of which are idle) and two are under construction.

    • You have no idea what you are talking about. As the recession continues and crime rates increase, the overcrowded state system will have no choice but to outsource to privately run prisons. They don't have the time or money to build new prisons. Watch CCA soar to $30 as soon as the new Georgia BOP contract is announced.

      • 1 Reply to slowdiver67
      • Hey Driver - you're so right, about the overcrowded state prison system.
        Earlier this morning, on CNN, they were interviewing Richard Breeden, former SEC Chairman on the Enron situation. He made a "light" comment (but quite valid, IMHO) to the effect that right now courts are arranging pardons to open up space in the highly overcrowded prisons, to accomodate the potential fallout from Enron. He was making a point to sum up his thoughts, but well put I thought.
        However, they don't need to make any new space, CCA has enough beds for a large group ready to go, effective immediately.
        In truth, it's not very funny, but after what we have gone through we need a little "smile" now and then.

 
CXW
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