1327 ET - Private prison manager CoreCivic is expecting the U.S. Immigration and Customs Enforcement will want to add 150,000 to 200,000 new beds for detained immigrants. The company gave ICE a proposal to offer 28,000 beds for detainees, which could yield up to $1.5 billion in revenue, president and COO Patrick Swindle tells analysts. Even with the Trump administration considering housing detainees at Guantanamo Bay, CoreCivic believes ICE's demand for bed capacity is extremely strong for domestic locations, as well. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 13:27 ET (18:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.