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GEO Group
The GEO Group, Inc. (GEO) is a company specializing in corrections, detention and mental health treatment. The company is organized as a real estate investment trust REIT. It maintains facilities in North America, Australia, South Africa and the United Kingdom. GEO Group facilities include maximum, medium and minimum security prisons, immigration detention centers, minimum security detention centers and mental health and residential treatment facilities.
== History ==
Wackenhut Corrections Corporation (WCC) was formed as a division of The Wackenhut Corporation (now a subsidiary of G4S Secure Solutions) in 1984. It was incorporated as a Wackenhut subsidiary in 1988. In July 1994, WCC became a separately traded public company. In 2003, WCC management raised funds to repurchase all common stock held by G4S, changing its name to The GEO Group, Inc.〔(【引用サイトリンク】title=Historic Milestones )〕
In 2005, the GEO Group acquired Correctional Services Corporation (CSC) for US$62 million in cash, and assumed $124 million of that company's debt. GEO then sold CSC's juvenile services division back to CSC's former CEO, James Slattery, for $3.75 million; this acquisition would then become Slattery's Youth Services International.〔(【引用サイトリンク】url=http://www.bizjournals.com/tampabay/stories/2005/11/07/daily5.html )〕
On August 12, 2010, the GEO Group acquired the troubled Cornell Companies, formerly Cornell Corrections, for $730 million in stock and cash.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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