The geo group announces $70 million investment in expanding ice services capabilities and new corporate reorganization

Boca raton, fla.--(business wire)--the geo group, inc. (nyse: geo) (“geo” or the “company”) announced today a $70 million investment in capital expenditures to strengthen the company's capabilities to deliver expanded detention capacity, secure transportation, and electronic monitoring services to u.s. immigration and customs enforcement (“ice”). geo is currently the largest service provider to ice, currently providing approximately 21,000 detention beds (with a present census of 14,000) at 16.
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