Florida Group Ends Mississippi Prison Contract
GEO Group, which operates detention and correctional facilities, says it will no longer manage the East Mississippi Correctional Facility in Lauderdale County.
The Boca Raton, a Florida-based company, says in a news release that the prison located in the Lost Gap community off Interstate 20 has been "financially underperforming."
GEO chairman/CEO George C. Zoley says the company told the Mississippi Department of Corrections that it will discontinue the contract on July 19.
In July of 2010, GEO announced it had renewed its contract and would manage EMCF through March 15, 2015. GEO said it expected the contract to generate about $21.7 million in annual revenue.
The company has managed since 1999.
MDOC officials were not immediately available for comment.