GEO Expands Southeast Footprint with New Florida Detention Contract

The Geo Group is one of the oversold mid-cap stocks to buy according to hedge funds. On October 2, 2025, The Geo Group (NYSE:GEO) announced it had entered into a joint venture with another contractor to manage the 1,310-bed North Florida Detention Facility in Baker County. According to the company’s 8-K filing, the facility will operate under contract with the state of Florida, with GEO designated as the lead manager. This marks a notable expansion of GEO’s presence in the region and adds to its already s ...