Private prison giant gets $1.5 billion from DHS, keeps running ICE centers
- Private prison operator CoreCivic has completed the $1.5 billion sale of two of California's largest immigration detention centers to the Department of Homeland Security, the company announced Monday.
- The deal, which closed July 2, is expected to generate about $1.1 billion in net proceeds for the Tennessee-based company.
- DHS purchased the 1,994-bed Otay Mesa Detention Center in San Diego County for $739.2 million and the 2,560-bed California City Detention Facility in Kern County for $732.6 million, according to a filing with the Securities and Exchange Commission.
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- Private prison operator CoreCivic has completed the $1.5 billion sale of two of California's largest immigration detention centers to the Department of Homeland Security, the company announced Monday.
- The deal, which closed July 2, is expected to generate about $1.1 billion in net proceeds for the Tennessee-based company.
- DHS purchased the 1,994-bed Otay Mesa Detention Center in San Diego County for $739.2 million and the 2,560-bed California City Detention Facility in Kern County for $732.6 million, according to a filing with the Securities and Exchange Commission.
Sources: The Independent