June 16, 2008
New Mexico: GEO Group says pact terminates June 30
GEO Group Inc., which provides residential and correctional services, said Monday its contract with the State of New Mexico, Department of Health to manage the Fort Bayard Medical Center will end June 30.
The contract generated about $3.5 million in annual operating revenues for GEO. The company said the contract's discontinuation won't hurt GEO's financial performance or affect prior guidance…
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