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Home > Company Index > Real Estate > Property Investment & Management > Corrections Corporation of America

Corrections Corporation of America
NYSE: CXW
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 NEWS FROM THE WIRES
Corrections Corp narrows Q2 loss, settles lawsuit
Aug 09 2001 07:36 AM PDT

Corrections Corp. stake acquired by investor
Aug 02 2001 08:34 AM PDT

Eurostocks slip despite tech bounce,ECB disappoints
Aug 02 2001 08:34 AM PDT

More WIRE STORIES about this company

 PROFILE
Corrections Corporation of America wants to lock up a big share of the private prison industry. The firm builds prisons and owns 42 in 17 states; it also provides management and other services for 61,000 beds at 65 facilities in 22 states. For management contracts, the company is paid by government agencies based on the number of prisoners housed in a facility (the company has an 85% occupancy rate). Formerly a REIT named Prison Realty Trust, the company experienced some high-profile escapes and a cool REIT market. It merged back into its former parent, Corrections Corporation of America, took its name, and renounced its REIT status in 2000. It has sold its prison in the UK.

 COMPETITION
Correctional Services Corporation (CSCQ)
Cornell Companies, Inc. (CRN)
Wackenhut Corrections Corporation (WHC)

 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 312.10
1-Yr. Sales Growth: 9.2%
Employees: 15,000
Revenue per employee: $20,806.67

 KEY PEOPLE
• John D. Ferguson
    CEO
• Irving E. Lingo
    CFO

 CONTACT INFO
10 Burton Hills Blvd., Ste. 100
Nashville, TN 37215
US
Phone: 615-263-0200
Fax: 615-263-0212
Online: Web Site

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