![]() | |
Company type | Public |
---|---|
NYSE: CXW S&P 600 component | |
Industry | Private prisons |
Founded | Nashville, Tennessee, U.S. (1983) |
Founders | Thomas W. Beasley T. Don Hutto Robert Crants |
Headquarters | Brentwood, Tennessee , U.S. |
Area served | United States |
Key people | Mark A. Emkes Chairman Damon T. Hininger president & CEO |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | $ 3.792 billion |
Total equity | $ 1.377 billion |
Number of employees | 14,075 (2019) |
Website | www |
Footnotes / references Form 10-K for FY2019[1] |
CoreCivic, formerly the Corrections Corporation of America (CCA), is a company that owns and manages private prisons and detention centers and operates others on a concession basis. Co-founded in 1983 in Nashville, Tennessee by Thomas W. Beasley, Robert Crants, and T. Don Hutto, it received investments from the Tennessee Valley Authority, Vanderbilt University, and Jack C. Massey, the founder of Hospital Corporation of America.[2]
As of 2016, the company is the second largest private corrections company in the United States.[3] CoreCivic manages more than 65 state and federal correctional and detention facilities with a capacity of more than 90,000 beds in 19 states and the District of Columbia.[4]
The company's revenue in 2012 exceeded $1.7 billion.[5] By 2015, its contracts with federal correctional and detention authorities generated up to 51% of its revenues. It operated 22 federal facilities with the capacity for 25,851 prisoners.[6] By 2016, Corrections Corporation of America (CCA) along with GEO Group were running "more than 170 prisons and detention centres". CCA's revenues in 2015 were $1.79bn.[7]
CCA has been the subject of much controversy over the years, mostly related to apparent attempts to save money, such as hiring inadequate staff, extensive lobbying, and lack of proper cooperation with legal entities to avoid repercussions.[8] CCA rebranded itself as CoreCivic amid the ongoing scrutiny of the private prison industry.[9]
donnaselmanbigbusiness
was invoked but never defined (see the help page).HoustonCDF
was invoked but never defined (see the help page).In a bid to cut costs, more state prisons and county jails are adding healthcare to the growing list of services that are outsourced to for-profit companies