Private prisons announce $1.4 billion in revenue as immigration detentions climb

AI Summary

Private prison companies in the United States reported $1.4 billion in revenue as immigration detentions increased. CoreCivic recently sold four of its facilities to the Department of Homeland Security, generating $1.6 billion in net proceeds.

That revenue does not include net proceeds of $1.6 billion made by CoreCivic after the recent sale of four of their facilities to the Department of Homeland Security.