The GEO Group Signs Contract for Delivery of Primary Health Services in Prisons Across the State of Victoria, Australia
09 Janeiro 2023 - 08:00AM
Business Wire
The GEO Group (NYSE: GEO) (“GEO”) announced today that
its Australian subsidiary, GEO Australia, has entered into a
contract with the Department of Justice and Community Safety in the
State of Victoria for the delivery of primary health services
across 13 public prisons. The contract will commence on July 1,
2023, and is expected to generate approximately $33 million in
incremental annualized revenue for GEO.
George C. Zoley, GEO’s Executive Chairman of the Board, said,
“We appreciate the trust placed in our Company by the State of
Victoria. GEO is proud of our long-standing relationship with the
State, and this important new contract is a testament to the
valued, high-quality services delivered by GEO Australia over
several decades.”
About The GEO Group
The GEO Group, Inc. (NYSE: GEO) is a leading diversified
government service provider, specializing in design, financing,
development, and support services for secure facilities, processing
centers, and community reentry centers in the United States,
Australia, South Africa, and the United Kingdom. GEO’s diversified
services include enhanced in-custody rehabilitation and
post-release support through the award-winning GEO Continuum of
Care®, secure transportation, electronic monitoring,
community-based programs, and correctional health and mental health
care. GEO’s worldwide operations include the ownership and/or
delivery of support services for 102 facilities totaling
approximately 82,000 beds, including idle facilities and projects
under development, with a workforce of up to approximately 18,000
employees.
Use of forward-looking statements
This news release may contain “forward-looking statements”
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the U.S. Private Securities Litigation Reform
Act of 1995. Readers are cautioned not to place undue reliance on
these forward-looking statements and any such forward-looking
statements are qualified in their entirety by reference to the
following cautionary statements. All forward-looking statements
speak only as of the date of this news release and are based on
current expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements, including
statements regarding the signing of a contract by GEO’s Australian
subsidiary with the State of Victoria, Australia for the delivery
of primary health services across 13 public prisons. Risks and
uncertainties that could cause actual results to vary from current
expectations and forward-looking statements contained in this press
release include, but are not limited to, risk factors contained in
GEO’s filings with the U.S. Securities and Exchange Commission,
including its Form 10-K, 10-Q and 8-K reports. GEO disclaims any
obligation to update or revise any forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230107005006/en/
Pablo E. Paez (866) 301 4436 Executive Vice President, Corporate
Relations
Geo (NYSE:GEO)
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