Corecivic enters into new management contract with the united states marshals service

Brentwood, tenn., sept. 15, 2020 (globe newswire) -- corecivic, inc. (nyse:  cxw) (the “company") announced today that it has entered into a new contract under an intergovernmental agreement between the city of cushing, oklahoma and the united states marshals service (usms) to utilize the company's 1,692-bed cimarron correctional facility in cushing, oklahoma.  the company previously announced the intention to idle the cimarron correctional facility during the third quarter of 2020, largely due to a lower number of inmate populations from the state of oklahoma resulting from covid-19, combined with the consequential impact of covid-19 on the state's budget.  the new management contract with usms will allow the company to transition the facility's mission without significantly disrupting operations.
CXW Ratings Summary
CXW Quant Ranking