Corecivic provides update on u.s. marshals service contract for the west tennessee detention facility

Brentwood, tenn., sept. 17, 2021 (globe newswire) -- as has been previously disclosed, corecivic, inc. (nyse: cxw) (the company) has a direct contract with the u.s. marshals service (usms) at the 600-bed west tennessee detention facility in mason, tennessee that is scheduled to expire on september 30, 2021. the company recently was provided with a definitive inmate population ramp down plan from the usms indicating that all inmates will be transferred out of the facility by september 30, 2021. as a result, the company does not expect the usms to exercise its renewal option under the existing contract.
CXW Ratings Summary
CXW Quant Ranking