Mergers & Acquisitions ·
CoreCivic sold its 1,600-bed Prairie Correctional Facility in Minnesota and its 1,033-bed Midwest Regional Reception…
CXWCoreCivic, Inc.
CoreCivic sold its 1,600-bed Prairie Correctional Facility in Minnesota and its 1,033-bed Midwest Regional Reception Center in Kansas to the U.S. Department of Homeland Security for an aggregate price of $734.0 million. The transactions closed on August 4, 2026, yielding approximately $522.5 million in net proceeds after taxes and costs. CoreCivic will continue to manage both facilities under contracts expiring in 2031 and 2027 respectively. This strategic divestiture allows the company to reduce debt or repurchase stock while retaining management revenue streams from government-owned assets. The company operates in the private prison and detention facility industry.