Profile: Geo Group Inc (GEO.N)
16 Mar 2018
The GEO Group, Inc., incorporated on July 11, 2013, is a real estate investment trust (REIT). The Company specializes in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa and the United Kingdom. The Company operates in four segments: U.S. Corrections & Detention, GEO Care, International Services, and Facility Construction & Design. The Company owns, leases and operates a range of correctional and detention facilities including maximum, medium and minimum security prisons, immigration detention centers, minimum security detention centers, as well as community based reentry facilities, and offers delivery of offender rehabilitation services under its GEO Continuum of Care platform. The GEO Continuum of Care program integrates in-prison programs, which include cognitive behavioral treatment and post-release services. The GEO Continuum of Care program provides academic and vocational classes to life skills and treatment programs while helping individuals reintegrate into their communities.
The Company provides compliance technologies, monitoring services, and evidence-based supervision and treatment programs for community-based parolees, probationers and pretrial defendants. The Company also provides secure transportation services for offender and detainee populations. The Company develops new facilities based on contract awards. As of September 30, 2016, the Company's operations around the world included the management and/or ownership of approximately 87,000 beds at 104 correctional and detention facilities, including idle facilities, projects under development and awarded contracts, and also included the provision of community supervision services for more than 127,000 offenders and pre-trial defendants, including approximately 83,000 individuals through a range of technology products, including radio frequency, global positioning system (GPS) and alcohol monitoring devices.
The Company provides a diversified scope of services on behalf of its government clients: correctional and detention management services, which involve the provision of security, administrative, rehabilitation, education and food services, primarily at adult male correctional and detention facilities; community-based services, which involve supervision of adult parolees and probationers and the provision of temporary housing, programming, employment assistance and other services with the intention of the reintegration of residents into the community, and youth services, which include residential, detention and shelter care and community-based services along with rehabilitative and educational programs. The Company offers counseling, education and/or treatment to inmates with alcohol and drug abuse problems at the domestic facilities it manages.
Geo Group Inc
621 NW 53rd St
BOCA RATON FL 33487-8235
Company Web Links
- BRIEF-Geo Group Inc CEO George C. Zoley's Total Compensation Was $9.7 Million V/s $5.2 Million In 2016
- BRIEF-Geo Group Q4 Adjusted FFO Per Share $0.67
- BRIEF-Barrow, Hanley, Mewhinney & Strauss Llc Reports 5.55 Pct Passive Stake In Geo Group
- BRIEF-GEO group announces commencement of operations at Ravenhall Correctional Centre in Australia
- BRIEF-The Geo Group Q3 adjusted FFO per share $0.63