Geo Signs Florida Contract
Source: The Associated Press (FL), Feb. 21, 2007, 1:58PM
BOCA RATON, Fla. — Geo Group Inc., which runs prisons and residential treatment centers, said Wednesday it signed a five-year contract with Florida to run a mental-health facility.
The contract with the state's Department of Children and Families covers the management and operation of the 175-bed Treasure Coast Forensic Treatment Center, starting April 1. The deal is expected to generate $14.5 million in revenue in 2007 and $21 million in 2008, Geo said.