Corrections Corporation of America (CXW) - NYSE
  • Nov. 3, 2015, 11:01 AM
    • Founded in 1985, Avalon and CCA (CXW -0.3%) have strong geographic and partner overlap, says CCA, with Avalon operating seven facilities in Texas, three in Oklahoma, and one in Wyoming.
    • The total deal price is $157.5M, with a possibility of another $7.5M in earn-outs which are expected to be achieved. CCA funded the deal with its revolver.
    • The addition of 3,157 re-entry beds brings CCA's owned and operating number to 4,365. The deal is expected to boost revenues by $35M-$45M and contribute about $0.06-$0.08 to FFO per share.
    | Nov. 3, 2015, 11:01 AM
Company Description
Corrections Corp. of America is an owner and operator of privatized correctional and detention facilities. It engages in owning, operating and managing prisons and other correctional facilities and providing inmate residential and prisoner transportation services for governmental agencies. It... More
Sector: Financial
Industry: Property Management
Country: United States