logo
Plus   Neg
Share
Email

GEO : Federal Bureau Of Prisons Decides Not To Rebid Contract For Rivers Correctional Facility

GEO Group Inc. (GEO), a fully integrated equity real estate investment trust, said Monday that the Federal Bureau of Prisons has decided not to rebid the contract for the company-owned, 1,450-bed Rivers Correctional Facility in North Carolina. It is set to expire on March 31, 2021.

The company noted that the contract for the Rivers Correctional Facility generated about $43 million in annualized revenues for the company.

GEO said it expects to market the Rivers Correctional Facility to other federal and state agencies.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Mediterranean Food Inc is recalling its "Alqosh Sesame Oil" citing the potential to be contaminated with Salmonella, the U.S. Food and Drug Administration said. The affected Alqosh Sesame Oil "Tahin" comes in a 2Lb, clear plastic jar marked with lot # 16082020 on the side of the jar and with a Production date of 08/16/2020 stamped on the side. Twitter has filed a lawsuit against Texas Attorney General Ken Paxton, seeking to halt his ongoing investigation into the company's content moderation practices. Paxton, a Republican and supporter of former president Donald Trump, on January 13 had sent a civil investigative demand or CID to Twitter after its decision to permanently suspend Trump from the social media platform... The U.S. Food and Drug Administration granted emergency use authorization (EUA) for the first and only clinical T cell-based test for patients to detect the unique T-cell signature specific to SARS-CoV-2, the virus that causes COVID-19. The test confirms recent or prior COVID-19 infection. Developed by Adaptive Biotechnologies, T-Detect COVID Test is a next generation sequencing based (NGS) test.
RELATED NEWS
Follow RTT