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Home > Company Index > Real Estate > Property Investment & Management > Corrections Corporation of America
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Corrections Corporation of America |
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NEWS FROM THE WIRES |
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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 |
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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 |
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Correctional Services Corporation (CSCQ)
Cornell Companies, Inc. (CRN)
Wackenhut Corrections Corporation (WHC)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
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FINANCIAL OVERVIEW |
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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 |
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John D. Ferguson
CEO
Irving E. Lingo
CFO
CONTACT INFO |
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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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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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