Geo Group announces activiation of D. Ray James Facility

The GEO Group (GEO) announced that U.S. Immigration and Customs Enforcement has executed a contract modification, effective June 6, to activate a federal immigration processing center at the GEO-owned, 1,868-bed D. Ray James Facility in Folkston, Georgia under the existing intergovernmental service agreement involving the GEO-owned, 1,118-bed Folkston ICE Processing Center. Under the modified IGSA, GEO expects to generate approximately $66M in incremental annualized revenues in the first full year of operations, with margins consistent with GEO’s company-owned Secure Services facilities. GEO’s support services will include the exclusive use of this federal facility by ICE, along with security, maintenance, and food services, as well as access to recreational amenities, medical care, and legal counsel.