Corrections of America gets a new facility
Corrections Corporation of America (NYSE: CXW) (CCA), the nation's largest provider of corrections management services to government agencies, announced today that it has been notified
by the Alaska Department of Corrections that it was not selected in Alaska's competitive solicitation to house up to 1,000 inmates from the
state of Alaska. CCA currently houses approximately 765 Alaskan inmates at its 1,596-bed Red Rock Correctional Center in Arizona. CCA currently
expects that Alaska will begin transferring their inmate population out of the Red Rock facility beginning in December of 2009. The loss of these
inmates does not affect CCA's recently announced 2009 earnings per share
guidance.
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