CoreCivic's History and Operations
- Founded in Nashville, Tennessee in 1983 by Thomas W. Beasley, Robert Crants, and T. Don Hutto
- Initial investments came from Jack C. Massey and the Tennessee Valley Authority
- Awarded a contract in 1983 by the U.S. Department of Justice for the Bureau of Immigration and Customs Enforcement
- Opened its first facility, the Houston Processing Center, in 1984
- Expanded operations to include juvenile facilities and medium-security prisons
- Manages more than 65 state and federal correctional and detention facilities
- Has a capacity of over 90,000 beds
- Operates in 19 states and the District of Columbia
- Generates significant revenue from contracts with federal correctional and detention authorities
- Operated 22 federal facilities with a capacity for 25,851 prisoners in 2015
Controversies Surrounding CoreCivic
- Subject of controversy related to attempts to save money, such as hiring inadequate staff
- Engaged in extensive lobbying efforts
- Lack of proper cooperation with legal entities to avoid repercussions
- Rebranded as CoreCivic amid ongoing scrutiny of the private prison industry
- Lawsuits filed against CoreCivic for understaffing and falsification of staffing records
CoreCivic's Rebranding
- Formerly known as the Corrections Corporation of America (CCA)
- Rebranded as CoreCivic in October 2016
- Rebranding was a response to the ongoing scrutiny of the private prison industry
- Aimed to distance itself from controversies associated with the CCA name
- Continues to operate as a major player in the private prison industry
CoreCivic's Overview
- Owns and operates jails and prisons on contract with federal, state, and local governments
- Designs, builds, manages, and operates correctional facilities and detention centers
- Houses approximately 90,000 offenders and detainees in more than 60 facilities
- Employs over 17,000 individuals nationwide
- Federal contracts for correctional and detention facilities generate a significant portion of its revenues
Inmate Rehabilitation
- United States prison system provides reentry and rehabilitation programs for inmates
- Programs include education, vocational training, addiction treatment, and faith-based programs
- Prisons also offer recreational and optional faith-based opportunities
- CCA offers education, GRE preparation, and literacy programs to inmates
- Providing education and vocational programs can reduce recidivism rates
- Inmate education is a key component of rehabilitation programs
- Programs include basic adult education and post-secondary education
- GRE preparation and testing are also offered to inmates
- CCA provides literacy programs to all inmates
- Education programs can reduce the likelihood of reoffending
- Vocational training is offered to inmates as part of rehabilitation programs
- Inmates can learn valuable skills for employment upon release
- CCA offers vocational training programs in its facilities
- Vocational programs can increase employment opportunities for inmates
- Providing vocational training can contribute to successful reintegration into society
- Addiction treatment is an important aspect of inmate rehabilitation
- Programs aim to address substance abuse issues and provide support
- CCA launched the LifeLine substance abuse training program
- The program is offered in multiple CCA facilities
- Providing addiction treatment can help reduce relapse and reoffending
- Faith-based programs are offered to inmates as part of rehabilitation
- These programs can provide spiritual guidance and support
- Faith-based opportunities are considered integral to inmate rehabilitation
- Prisons often offer optional faith-based programs
- Incorporating faith-based programs can contribute to holistic inmate rehabilitation
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.
 | |
| 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 |  $ 1.981 billion |
| $ 281.56 million | |
| $ 188.89 million | |
| 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 | |
As of 2016, the company is the second largest private corrections company in the United States. 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.
The company's revenue in 2012 exceeded $1.7 billion. 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. 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.
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. CCA rebranded itself as CoreCivic amid the ongoing scrutiny of the private prison industry.
