SOURCE: Corrections Corporation of America

Corrections Corporation of America

April 28, 2010 16:15 ET

CCA Provides Hernando County Notice of Termination of Management Contract for Hernando County Jail

NASHVILLE, TN--(Marketwire - April 28, 2010) -  CCA (Corrections Corporation of America) (NYSE: CXW), the nation's largest partnership corrections provider to government agencies, announced today that it has provided notice of its intent to terminate the management contract for the 876-bed Hernando County Jail. As required under the agreement, CCA has provided Hernando County 120-day notice of termination and expects to turn over operations of the facility to the new operator on or about August 26, 2010.

Damon Hininger, president and CEO, stated, "The decision was not easy for CCA given the partnership it has had with Hernando County for nearly 20 years, but is necessary given the continuing poor financial performance at the facility. CCA will work with the County to ensure a smooth and effective transition to the new operator."

About CCA

CCA is the nation's largest owner and operator of partnership correction and detention facilities and one of the largest prison operators in the United States, behind only the federal government and three states. CCA currently operates 65 facilities, including 44 company-owned facilities, with a total design capacity of approximately 87,000 beds in 19 states and the District of Columbia. CCA 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, our facilities offer a variety of rehabilitation and educational programs, including basic education, religious services, 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. CCA also provides health care (including medical, dental and psychiatric services), food services and work and recreational programs.

CCA takes no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events or for any changes or modifications made to this press release or the information contained herein by any third-parties, including, but not limited to, any wire or internet services.

Contact Information

  • Investors
    Karin Demler
    615-263-3005

    Media
    Louise Grant
    615-263-3106