GEO’s 2013 guidance already reflects the expected discontinuation of GEO’s contract with the State of Alaska for the housing of approximately 1,000 Alaskan inmates at GEO’s Hudson Correctional Facility in Colorado effective July 2013. In 2012, the contract generated approximately $23.0 million in revenues.Additionally, GEO’s 2013 guidance reflects the December 31, 2012 GEO Care Divestiture, representing approximately $165 million in annualized revenues. Further, GEO’s 2013 guidance does not assume the potential reactivation of approximately 6,000 current beds in inventory which GEO is actively marketing to local, state, and federal customers.
The GEO Group Reports Fourth Quarter 2012 Results
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