Corrections Corp. of America
Industry: Business Services/Managed & Owned Correctional Facilities
Investment Date: Jun-92
Fund: Pacific Life Portfolio
Corrections Corporation of America ("CCA"), headquartered in Nashville, TN, is a public company that specializes in owning, operating and managing prisons and other correctional facilities. At the time of investment, the company operated 7,010 beds, had more than 5 million compensated man-hours of experience, and was larger than the next 3 private operators combined. Today, the company operates 66 facilities, including 45 company-owned facilities, with a total design capacity of approximately 90,000 beds in 20 states and the District of Columbia.