CoreCivic Enters Into New Management Contract With State Of Mississippi At Tallahatchie County Correctional Facility

CoreCivic, Inc. (NYSE:CXW) (the "Company") announced today that it has entered into a new contract with the Mississippi Department of Corrections to immediately house up to 375 of the State's inmates

Benzinga · 01/09/2020 13:08

CoreCivic, Inc. (NYSE:CXW) (the "Company") announced today that it has entered into a new contract with the Mississippi Department of Corrections to immediately house up to 375 of the State's inmates at the Company's 2,672-bed Tallahatchie County Correctional Facility in Tutwiler, Mississippi.

The new management contract commenced on January 8, 2020, and has an initial term of ninety days, which may be extended for up to two additional ninety-day terms upon mutual agreement. The contract allows the State to utilize additional beds at the facility based on their evolving needs and available capacity.