CoreCivic to acquire the Farmville Detention Center for $67M

June 10, 2025 01:24 PM PDT | By EODHD

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CoreCivic to acquire the Farmville Detention Center for $67M — Image source: Kalkine Media

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* CoreCivic (NYSE:CXW [https://seekingalpha.com/symbol/CXW]) has entered into a definitive agreement to acquire the Farmville Detention Center for $67M through cash on hand and borrowing capacity under CoreCivic's revolving bank credit facility. * The transaction is expected to be consummated through the acquisition of 100% of the membership interests in entities that own the facility. * The acquisition is expected to close effective July 1, 2025, and result in total annual incremental revenue of about $40M. * Source: Press Release [https://seekingalpha.com/pr/20132585-corecivic-enters-into-definitive-agreement-to-acquire-the-farmville-detention-center] MORE ON CORECIVIC * Corecivic outlines $1.72-$1.82 2025 FFO target with strong ICE contract activity [https://seekingalpha.com/news/4445194-corecivic-outlines-1_72-1_82-2025-ffo-target-with-strong-ice-contract-activity] * Corecivic FFO of $0.45 beats by $0.10, revenue of $488.63M beats by $10.14M [https://seekingalpha.com/news/4443739-corecivic-ffo-of-0_45-beats-by-0_10-revenue-of-488_63m-beats-by-10_14m] * Seeking Alpha’s Quant Rating on Corecivic [https://seekingalpha.com/symbol/CXW/ratings/quant-ratings]

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