M&A Deal Summary

The GEO Group Acquires Cornell Companies

On August 30, 2010, The GEO Group acquired healthcare services company Cornell Companies for 730M USD

Acquisition Highlights
  • This is The GEO Group’s 1st transaction in the Healthcare Services sector.
  • This is The GEO Group’s largest (disclosed) transaction.
  • This is The GEO Group’s 1st transaction in the United States.
  • This is The GEO Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2010-08-30
Target Cornell Companies
Sector Healthcare Services
Buyer(s) The GEO Group
Deal Type Merger
Deal Value 730M USD

Target

Cornell Companies

Houston, Texas, United States
Cornell is an industry leader in correctional and treatment services to local, state and federal governments. For over 35 years, Cornell has provided a wide range of corrections and treatment programs for adults and juveniles, including low and medium security prisons, detention centers, residential re-entry centers, drug and alcohol treatment programs, juvenile detention and alternative education.

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Buyer(S) 1

Buyer

The GEO Group

Boca Raton, Florida, United States
Category Company
Founded 1984
Sector Real Estate
Employees18,000
Revenue 2.4B USD (2023)
DESCRIPTION

The GEO Group engages in the ownership, leasing, and management of secure facilities, reentry facilities, and processing centers in the United States, Australia, and South Africa. The company provides counseling, education, and treatment for alcohol and drug abuse problems at various facilities; and compliance technologies for monitoring services, and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants. The GEO Group was founded in 1984 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 1 of 3
Sector (Healthcare Services) 1 of 2
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 3
Year (2010) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-14 BI

Boulder, Colorado, United States

BI, Inc. is a provider of alternative to incarceration products offering the following services to federal, state, and local government agencies: Electronic Monitoring, Re-entry & Supervision Services, and the Intensive Supervision Appearance Program.

Buy $415M
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