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Corrections Corporation of America (CXW)

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Last Post: 5/12/2014 11:25:10 AM - Followers: 4 - Board type: Free - Posts Today: 0

 

     

 

Corrections Corporation of America is the nation's largest owner and operator of privatized correctional and detention facilities and one of the largest prison operators in the United States, behind only the federal government and three states. CCA currently owns and operates more than 60 facilities including 44 company-owned facilities, with a design capacity of more than 85,000 beds in 19 states and the District of Columbia.


The Company 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, CCA offers a variety of rehabilitation and educational programs, including basic education, 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. The Company also provides health care (including medical, dental and psychiatric services), food services and work and recreational programs.

CCA founded the private corrections management industry more than 25 years ago, establishing industry standards for future-focused, forward-thinking correctional solutions. A commitment to innovation, efficiency, cost effectiveness and achievement has made the company the private corrections management provider of choice for federal, state and local agencies since 1983. 

As a full-service corrections management provider, CCA specializes in the design, construction, expansion and management of prisons, jails and detention facilities, as well as inmate transportation services through its subsidiary company TransCor America. The company is the fifth-largest corrections system in the nation, behind only the federal government and three states. 

CCA houses approximately 75,000 offenders and detainees in more than 60 facilities, 44 of which are company-owned, with a total bed capacity of more than 80,000. CCA currently partners with all three federal corrections agencies (The Federal Bureau of Prisons, the U.S. Marshals Service and Immigration and Customs Enforcement), nearly half of all states and more than a dozen local municipalities

Since its inception, CCA has maintained its market leadership position in private corrections, managing more than 50 percent of all beds under contract with such providers in the United States. The company joined the New York Stock Exchange in 1994 and now trades under the ticker symbol CXW. Headquartered in Nashville, Tennessee, CCA employs nearly 17,000 professionals nationwide in security, academic and vocational education, health services, inmate programs, facility maintenance, human resources, management and administration. The company has been named among “America’s Best Big Companies” by Forbes magazine and ranked number one in the publication’s “Business Services and Supplies” category. G.I. Jobs magazine also named CCA as a “Top 50 Military-Friendly Employer.” 

CCA offers offenders a variety of dynamic rehabilitation and education programs, including addictions treatment, GED preparation and testing, post-secondary studies, life skills, employment training, recreational options and work opportunities. 

The company also provides valuable economic benefits to its local community partners by paying property, sales and other taxes, and providing a stable employment base that focuses on building careers with unlimited growth and development opportunities. As a strong corporate citizen, recognized byCorporate Responsibility Officer magazine, CCA contributes generously to host communities through volunteerism and charitable giving.

 

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Option Chain for CXW
CXW News: Statement of Changes in Beneficial Ownership (4) 07/21/2014 11:36:40 AM
CXW News: Statement of Changes in Beneficial Ownership (4) 06/20/2014 11:48:50 AM
CXW News: Statement of Changes in Beneficial Ownership (4) 05/20/2014 02:38:15 PM
CXW News: Current Report Filing (8-k) 05/16/2014 04:10:39 PM
CXW News: CCA Declares Quarterly Cash Dividend of $0.51 per Share 05/15/2014 04:15:00 PM
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#6   ... Short Campaign ... $TRTC @LaughinPaulRyan 05/12/14 11:25:10 AM
#5   FEMA camp Pennyhunt 04/11/13 04:13:11 PM
#4   <<< $CXW Links! >>> ~ MAC's Quick DD Fa$tlane 05/01/12 01:50:33 PM
#3   ~ Wednesday! $CXW ~ Q1 Earnings posted, pending Fa$tlane 05/01/12 01:49:24 PM
#2   I see that Corrections Corp owns the prisons Opex 02/16/12 02:54:31 AM
#1   Jails will always make money............... Tutu 02/28/11 12:11:57 PM
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