Black People Politics : CCA Responds to the Department of Justice''s Decision to Reduce Reliance on Privately Operated Priso

Discussion in 'Black People Politics' started by IFE, Aug 22, 2016.

  1. IFE

    IFE Well-Known Member MEMBER

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    CCA Responds to the Department of Justice''s Decision to Reduce Reliance on Privately Operated Prisons and Announces Investor and Analyst Conference Call
    By GlobeNewswire, August 19, 2016, 06:00:00 AM EDT


    NASHVILLE, Tenn., Aug. 19, 2016 (GLOBE NEWSWIRE) -- Corrections Corporation of America(NYSE:CXW) (the "Company" or "CCA"), America's largest owner of partnership correctional, detention, and reentry facilities, responded today to the Federal Bureau of Prisons' ("BOP") decision to amend the Criminal Alien Requirement XVI ("CAR 16") solicitation by reducing the previously announced 10,800 contract beds to 3,600 contract beds in response to recommendations from the Department of Justice to reduce future reliance on privately operated prison facilities. CCA's Eden Detention Center, containing 1,422 beds, is included in the CAR 16 solicitation.

    "We have been a keen observer of the BOP's declining inmate population over the last three years. Nonetheless, we are disappointed with the BOP's decision to reduce its utilization of privately operated facilities to meet their capacity needs, and believe our value proposition remains strong," said Damon Hininger
    , CCA's chief executive officer.




    Read more: http://www.nasdaq.com/press-release...ivately-operated-20160819-00050#ixzz4I6493CXy
     
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