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GEO Group earning call highlights contract bids in Texas

GEO Group's quarterly conference call was held on Monday.  The calls are a great way to see how the private prison industry thinks about the prison system and where expansion opportunities may lie.  

On this call, GEO executives talked to investors about recent company developments and where it sees its future business opportunities, including several in Texas.  Here are some of the highlights, as it relates to Texas' private prison industry:

  • GEO has activated the 600-bed Karnes County Civil Detention Center, the controversial Immigration and Customs Enforcement-contracted facility, which the company expects will bring $15 million annualized revenues.
  • GEO Care, a GEO Group fully owned subsidiary, is planning on bidding for on a formal RFP to operate one state mental health hospital.
  • GEO's transport division is bidding on contracts with ICE in the Dallas area and a Customs and Border Patrol contract along the SW Border.  These were described as the two largest transport procurement options currently in bidding.
  • GEO's BI electronic monitoring subsidiary is poised to increase profits if a recommended 40-50% budget increase goes through to expand Immigration and Customs Enforcement's electronic monitoring contract.

The company mentioned that they are closely monitoring developments on all of these fronts, and so will we.  We'll keep you posted on developments.  

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GEO buys electronic monitoring company BI Incorporated

Just befo

re the holiday break, the GEO Group reported the purchase of electronic monitoring company BI Incorporated for $415 million.  Formerly known as Behavioral Interventions, the Boulder, Colorado based company has major state and federal contracts. The GEO Group will incorporate the company into its growing GEO Care arm.  According to the company press release:

BI is the largest provider of comprehensive electronic monitoring services, tracking more than 60,000 offenders on behalf of approximately 900 federal, state and local correctional agencies located in all 50 states. BI applies a full continuum of technologies including radio frequency and global positioning system equipment, voice identification, and remote alcohol detection systems. BI also provides community-based re-entry services for approximately 1,700 parolees on behalf of state and local correctional agencies at 26 non-residential day reporting centers across the United States.

Significantly, BI Incorporated has the lucrative contract (PDF) to operate Immigration and Customs Enforcement’s controversial ISAP monitoring program.  While heralded as an alternative to detention program by ICE, ISAP has been strongly criticized by immigrant rights organizations as an overly-punitive system often given to longtime permanent residents and asylum-seekers who otherwise wouldn't be on supervision.  We'll keep you posted on how this acquisition effects GEO's operations in Texas.

 

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