HEADLINE: Sexual Offender Management Contract To Be Rebid
DATELINE: PALM BEACH GARDENS, Fla., Dec. 18
Wackenhut Corrections Corp. (NYSE: WHC) ("WCC") today announced that legislation passed in the recent Florida Special Legislative Session rescinded the previously authorized competitive procurement for the development and operation of a new 600-bed facility for sexual offenders detained under "The Jimmy Ryce Act." WCC's wholly owned subsidiary, Atlantic Shores Healthcare, Inc., had been selected as the preferred bidder for the contract by the Correctional Privatization Commission. The Governor's budget message stated that the new project was being rescinded and an existing management contract will be rebid as part of an effort to sign into law a responsible, balanced budget that addresses the economic downturn Florida has faced as a result of the September 11 terrorist attacks.
"Although we are disappointed that the existing Request For Proposal (RFP) calling for the development of a new sexual offender facility has been discontinued, we will be awaiting the outcome of the rebid of the existing operations by June 30, 2002," said George C. Zoley, Chairman of Atlantic Shores Healthcare, Inc. and Vice Chairman and Chief Executive Officer of Wackenhut Corrections Corporation.