Boca Raton-based prison operator Geo Group will spend $312 million in cash to buy eight correctional and detention locations from the privately held LCS Corrections Services.
January 26, 2015 at 08:00 AM
1 minute read
Prison operator The Geo Group will spend $312 million in cash to buy eight correctional and detention locations from the privately held LCS Corrections Services.
The deal price could rise to around $350 million, if the locations meet some performance targets, Boca Raton-based Geo Group said Monday. It didn’t detail those targets.
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