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Corrections Corporation of America Message Board

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  • Dreamer79424 Dreamer79424 May 13, 1999 12:55 PM Flag

    The last time I posted .......

    I provide contract services to a non-PZN owned
    facility managed by CCA.
    There has been facility-wide
    debate for six months as to whether or not the OPCO will
    be dissolved. Many employees have actively begun
    searching for other jobs because the rumor persists that
    CCA will no longer manage facilities they do not own.

    This issue was glossed over during the annual Wardens'
    Conference, but I know several Wardens who are looking for
    new positions.
    I have a hard time imagining
    CCA/PZN would give up facilities that make pretty
    impressive profits, even though they don't own them: but I
    do understand that a managed/non-owned facility does
    not meet the definition required by a REIT. Have any
    of you heard something?
    I enjoy the exchanges on
    this board: very intellligent, active posters.

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