The GEO Group Announces Exercise of Five-Year Option Period for Adelanto ICE Processing Center Contract
October 04 2024 - 6:00AM
Business Wire
The GEO Group (NYSE: GEO) (“GEO”) announced today that
U.S. Immigration and Customs Enforcement (“ICE”) has exercised the
five-year option period extending the contract for the GEO-owned
1,940-bed Adelanto ICE Processing Center in California (the
“Adelanto Center”) through December 19, 2029.
ICE and GEO entered into a 15-year contract on December 19,
2019, for the provision of secure residential housing and care at
the Adelanto Center, consisting of a five-year base period followed
by two five-year option periods. The Adelanto Center employs
approximately 350 employees.
George C. Zoley, Executive Chairman of GEO, said, “We believe
the exercise of this five-year contract option period by ICE is
indicative of the important role the Adelanto Center plays in
helping ICE and the U.S. Department of Homeland Security fulfill
their mission and operational priorities. We are proud of our
approximately 350 employees at the Adelanto Center, whose
dedication and professionalism have allowed GEO to establish a
long-standing record of providing high-quality support services on
behalf of ICE in the state of California.”
About The GEO Group
The GEO Group, Inc. (NYSE: GEO) is a leading diversified
government service provider, specializing in design, financing,
development, and support services for secure facilities, processing
centers, and community reentry centers in the United States,
Australia, South Africa, and the United Kingdom. GEO’s diversified
services include enhanced in-custody rehabilitation and
post-release support through the award-winning GEO Continuum of
Care®, secure transportation, electronic monitoring,
community-based programs, and correctional health and mental health
care. GEO’s worldwide operations include the ownership and/or
delivery of support services for 100 facilities totaling
approximately 81,000 beds, including idle facilities and projects
under development, with a workforce of up to approximately 18,000
employees.
Use of forward-looking statements
This news release may contain “forward-looking statements”
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the U.S. Private Securities Litigation Reform
Act of 1995. Readers are cautioned not to place undue reliance on
these forward-looking statements and any such forward-looking
statements are qualified in their entirety by reference to the
following cautionary statements. All forward-looking statements
speak only as of the date of this news release and are based on
current expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements, including
statements regarding the Adelanto Center contract. Risks and
uncertainties that could cause actual results to vary from current
expectations and forward-looking statements contained in this press
release include, but are not limited to, risk factors contained in
GEO’s filings with the U.S. Securities and Exchange Commission,
including its Form 10-K, 10-Q, and 8-K reports. GEO disclaims any
obligation to update or revise any forward-looking statements,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241003320069/en/
Pablo E. Paez (866) 301 4436 Executive Vice President, Corporate
Relations
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