The geo group announces decision by federal bureau of prisons to not renew its contract for the moshannon valley correctional facility in pennsylvania

Boca raton, fla.--(business wire)--the geo group, inc. (nyse: geo) (“geo”) announced today that the federal bureau of prisons has decided to not exercise the contract renewal option for the company-owned, 1,878-bed moshannon valley correctional facility in pennsylvania, when the contract base period expires on march 31, 2021. the contract for the moshannon valley correctional facility generated approximately $42 million in annualized revenues for geo. geo expects to market the moshannon valley
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