The GEO Group Inc. to Sell Lawton Correctional Facility for $312 Million to Oklahoma Department of Corrections

Reuters

05 Jun

The GEO Group Inc. to Sell Lawton Correctional Facility for $312 Million to Oklahoma Department of Corrections

The GEO Group Inc. has announced a purchase agreement for the sale of its Lawton Correctional Facility in Lawton, Oklahoma to the Oklahoma Department of Corrections for $312 million. The transaction is expected to close on July 25, 2025, with operations transitioning to the Oklahoma Department of Corrections on the same day. The GEO Group plans to use the proceeds to reduce debt and for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The GEO Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250604993873) on June 05, 2025, and is solely responsible for the information contained therein.

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The transaction is expected to close on July 25, 2025, with operations transitioning to the Oklahoma Department of Corrections on the same day. The GEO Group plans to use the proceeds to reduce debt and for general corporate purposes.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The GEO Group Inc. published the original content used to generate this news brief via Business Wire (Ref. 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