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GEO Group sold three Adelanto, Calif., detention facilities to the federal government for $950 million. GEO expects to net about $705 million and raised its stock buyback authorization by $750 million. It will keep running the facilities under its ICE contract.

projectsaltbox.comDHS buys fifth private detention site since July, adding GEO's Adelanto complexGEO Group sold its Adelanto, Calif., detention complex to the federal government for $950 million. GEO will keep running it and plans to use part of the money to buy back its stock.

5/10/26, 6:27 pm30 reposts38 likes

Marjie Tennyson

@cranberryhorn.bsky.social

We don't have money for Health Care. Trump and flunkies need to quit buying in to their major Ponzi Scheme. They will leave us with hundreds dead and all the debt.

Marie In Atlanta

@marie-atl.bsky.social

Consider this: A wants to give $ to B but A can't give it directly to B. C buys something from B at above-market price. Then, C sells the overpriced thing to A showing the recent purchase as the current value. A pays for it with the bank's money. FYI, in this hypothetical, taxpayers are the bank

Project Salt Box

@projectsaltbox.com

CoreCivic sold four facilities to DHS this summer for about $2.2 billion, then entered a $500 million accelerated share repurchase less than six weeks after its first sales closed. CBRE was the broker on both companies' sales, per the purchase agreements.