Profile: CoreCivic Inc (CXW)
26 May 2017
CoreCivic, Inc., formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community. The Company provides a range of solutions to government partners that serve the public good corrections and detention management, government real estate solutions, and network of residential reentry centers. As of March 31, 2017,the Company owned or controlled 48 correctional and detention facilities, owned or controlled 27 residential reentry centers, and managed an additional 11 correctional and detention facilities owned by its government partners, with a total design capacity of approximately 88,400 beds in 20 states.
In addition to providing fundamental residential services, the Company's facilities offer a range of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. It also provides or makes available to offenders certain healthcare (including medical, dental, and mental health services), food services, and work and recreational programs.
The Company's other facilities include Community Corrections, which operates seven community corrections facilities, including six owned and one leased, with approximately 600 beds in Colorado, specializes in community correctional services, drug and alcohol treatment services and residential reentry services. The Company provides these services through multiple contracts with three counties. As of January 1, 2017, the Company has 135 bed residential reentry centers in Englewood, Colorado. As of March 31, 2017, the Company owned and managed 66 facilities, and managed 11 facilities and leased three correctional facilities and nine community corrections facilities to third-party operators.
The Company maintains contracts with certain governmental entities to manage their facilities for fixed per diem rates. Its contracts usually contain expiration dates with renewal options ranging from annual to multi-year renewals. The Company enters into facility contracts to provide prison bed capacity and management services to governmental entities for terms typically ranging from 3 to 5 years, with additional renewal periods at the option of the contracting governmental agency. The Company provides correctional services and conducts other business activities through taxable REIT subsidiaries (TRSs).
10 Burton Hills Blvd
NASHVILLE TN 37215-6105