Geo Group Q4 Earnings Call Highlights

In addition, GEO reactivated its 1,940-bed Adelanto ICE Processing Center in California during the third quarter, which Zoley said had been underutilized due to a COVID-related court case. He said the activation of these five facilities represents the largest startup activity in GEO’s history, with a combined annualized revenue value of approximately $400 million and the hiring and training of about 2,000 new employees .Zoley said GEO entered new contracts to house ICE detainees at four facilities totaling ...