The geo group announces decision by federal bureau of prisons to not rebid its contract for rivers correctional facility

Boca raton, fla.--(business wire)--the geo group, inc. (nyse: geo) (“geo”) announced today that the federal bureau of prisons has decided to not rebid the contract for the company-owned, 1,450-bed rivers correctional facility in north carolina, which is set to expire on march 31, 2021. the contract for the rivers correctional facility generated approximately $43 million in annualized revenues for geo. geo expects to market the rivers correctional facility to other federal and state agencies. ge
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