PRISON RLTY TR INC
Sector: Indices SP 400
Latest Quote @ Thu May 5 20:55:33 (15 min delayed)
Last Day's Data
Corrections Corporation of America (CCA) provides outsourced correctional management services. It engages in the design, building, and management of prisons, jails, and detention facilities, as well as in the provision of inmate residential and prisoner transportation services. The company's facilities offer various rehabilitation and educational programs, including basic education, religious services, life skills and employment training, and substance abuse treatment. CCA also provides health care, including medical, dental, and psychiatric services; food services; and work and recreational programs. It operates in two segments, Owned and Managed Correctional and Detention Facilities (OMCDF), and Managed-Only Correctional and Detention Facilities (MCDF). OMCDF segment includes the operation facilities owned and managed by the company. MCDF segment includes the operation of facilities owned by a third party and managed by the company. The company offers its services to government agencies responsible for federal, state, and local correctional facilities in the United States. As of December 31, 2004, CCA operated 41 correctional, detention, and juvenile facilities, including 39 facilities that it owns, with a total design capacity of approximately 70,000 beds in 19 states and the District of Columbia. The company also owned three additional correctional facilities that it leased to third-party operators, as of the above date. CCA was founded in 1983 and is headquartered in Nashville, Tennessee.