In January 2020, Frey was placed on administrative leave and later fired by CoreCivic. The company generates its revenue from direct payments and fees collected from incarcerated individuals and from contracts providing services that were previously provided for by the government or non-profit organizations. According to a 2018 report published by In the Public Interest, CoreCivic has been actively pushing governments to consider private financing of new facilities. CoreCivic Will Revoke its REIT Election, ... EBITDA adjusted for unrestricted subsidiaries 1. CCA's contract with the county had specified that CCA would pay only $19 million for 2011 and $15 million for each of the next three years. These are not the first reports of sexual assault by Avalon employees with convictions dating as far back as 2002. Corrections Commissioner Joe Allbaugh said, "We don't have the flexibility in our system to segregate these gangs, so they are together in close quarters and so sometimes things happen."[110]. [22] ACA's Accreditation is a system of verification that correctional agencies and facilities comply with national standards promulgated by the American Correctional Association. After only four months of operation, the state stopped sending prisoners to the new facility. CoreCivic, Inc. (formerly Corrections Corporation of America), Quarterly analytical magazine (only in Russian), Universal stock market resource for private investors in Russia, IPO, Private Equity and Venture Financing, More than 2,500 records have been found, please specify your request, Fitch Ratings affirms CoreCivic at "BB-" (LT Int. 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In 2016, CoreCivic, Inc. spent over one million dollars on lobbying Congress, the Department of Homeland Security, the U.S. CoreCivic is the largest owner of private real estate used by the US government. Adjusted Net Income, EBITDA, Adjusted EBITDA, FFO, and Normalized FFO and, where appropriate, their corresponding per share measures are not measures of performance under GAAP, and should not be considered as an alternative to cash flows from operating activities, a measure of liquidity or an alternative to net income as indicators of the Company's operating performance or any other measure of performance derived in accordance with GAAP. CoreCivic General Information Description. "As much as I don't think the state ought to be doing business with private prisons, I'm glad they're around because they're our only relief valve available to us during this crunch. [3] CoreCivic manages more than 65 state and federal correctional and detention facilities with a capacity of more than 90,000 beds in 19 states and the District of Columbia. [32] Many community organizations have criticized the proposals, arguing that the contractual obligations of states to fill the prisons to 90% occupancy are poor public policy, creating an incentive to criminalize behavior and lengthen sentences in order to keep the prisons filled. The leading provider of non-residential correctional alternatives to Municipal, County, & State Governments throughout the U.S. CoreCivic Inc through its subsidiaries operates as a diversified Corrections Corporation of America, or CCA is a real estate investment trust involved in the ownership and operation of private prisons. The Company calculates Adjusted Net Income by adding to GAAP Net Income expenses associated with the Company's debt refinancing, M&A activity, start-up expenses, and certain impairments and other charges that the Company believes are unusual or non-recurring to provide an alternative measure of comparing operating performance for the periods presented. "[113] The illegalities involved caused review of sentencing in cases. It owns, operates, and manages prisons and other correctional facilities; and provides inmate residential and prisoner transportation services for governmental agencies. CoreCivic, Inc. was founded in 1983 and is based in Nashville, Tennessee. Scale (foreign curr.) Provides the government with other services as part of the criminal punishment system. [61], In 2020 it was reported that during 2019, a transgender detainee is reported to have been made to wait thirteen days for medical treatment after complaining of rectal bleeding.