CCA and the State of Mississippi Announce Closure of the Delta Correctional Facility
NASHVILLE, TN, Nov 10, 2011 (MARKETWIRE via COMTEX) --
CCA (Corrections Corporation of America) (NYSE: CXW), the nation's largest partnership corrections provider to government agencies, announced today that it and the State of Mississippi have jointly agreed to cease operations of the 1,172-bed Delta Correctional Facility in Greenwood, Mississippi on January 15, 2012.
The Mississippi Department of Corrections will begin ramping down the current population of approximately 900 inmates from the state-owned Delta facility to other facilities in the State of Mississippi in December 2011. CCA will also cease operations of the portion of the facility owned by Leflore County for the housing of approximately 125 local jail inmates. Non-renewal of the contract is not expected to affect previous fourth quarter or 2011 guidance, as the facility has been operating at a small net loss.
Damon Hininger, president and CEO, stated, "CCA sincerely appreciates the partnership it has had with the State and the community of Greenwood Mississippi for more than seven years and it is certainly with deep regret that we find ourselves unable to renew the contract. At this time, however, the need by the Mississippi Department of Corrections for beds/services at Delta no longer exists. CCA will work with the Mississippi Department of Corrections and Leflore County to assist with the transition of inmate populations to other facilities."
CCA is the nation's largest owner and operator of partnership correction and detention facilities and one of the largest prison operators in the United States, behind only the federal government and three states. CCA currently operates 66 facilities, including 45 company-owned facilities, with a total design capacity of more than 90,000 beds in 20 states and the District of Columbia. CCA specializes in owning, operating and managing prisons and other correctional facilities and providing inmate residential and prisoner transportation services for governmental agencies. In addition to providing the fundamental residential services relating to inmates, our facilities offer a variety of rehabilitation and educational programs, including basic education, religious services, life skills and employment training and substance abuse treatment. These services are intended to reduce recidivism and to prepare inmates for their successful re-entry into society upon their release. CCA also provides health care (including medical, dental and psychiatric services), food services and work and recreational programs.
CCA takes no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events or for any changes or modifications made to this press release or the information contained herein by any third-parties, including, but not limited to, any wire or internet services.
Contact: Investors Karin Demler 615-263-3005 Media Steve Owen 615-263-3107
SOURCE: Corrections Corporation of America