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Slide #49. CCA — Correctional Alternatives, Inc.
Correctional Alternatives, Inc.
CCA (NYSE: CXW) (the "Company" or "Corrections Corporation of America"), America's largest owner of partnership correctional and detention facilities, announced today that it has closed on the acquisition of Correctional Alternatives, Inc. (CAI), a privately held community corrections company, for approximately $36 million, excluding transaction related expenses. The all-cash transaction closed July 31, 2013 and CCA will not assume any debt as part of the transaction.
CoreCivic is a real estate investment trust. Co. is the owner of partnership correctional, detention, and residential reentry facilities and prison operators in the U.S. Through three segments, CoreCivic Safety, CoreCivic Community, and CoreCivic Properties, Co. provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions. In addition to providing fundamental residential services, Co.'s correctional, detention, and residential reentry facilities provide a variety of rehabilitation and educational programs.
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