Private prisons announce $1.4B in revenue as immigration detentions climb
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.
Summary
Private prisons are reporting significant revenue growth, with $1.4 billion attributed to rising immigration detentions, not factoring in an additional $1.6 billion from recent facility sales to the Department of Homeland Security. This financial surge highlights the increasing role of private companies in the immigration detention landscape.
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