CoreCivic sells Prairie Correctional Facility, Midwest Regional Reception Center to DHS for $734 million

Reuters2026/08/05 12:02

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CoreCivic completed the sale of two detention facilities to the US government via the Department of Homeland Security for USD 734 million gross.
Prairie Correctional Facility in Minnesota sold for USD 495.6 million; Midwest Regional Reception Center in Kansas sold for USD 238.4 million.
Net proceeds expected at about USD 522.5 million; earmarked for general corporate purposes, including debt reduction or common stock repurchases.
CoreCivic expects to keep operating both sites under existing ICE management contracts, subject to revisions tied to the ownership change.
ICE contracts run to August 2031 for Prairie, September 2027 for Midwest; talks underway on potential additional facility sales.

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. CoreCivic Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608050800PRIMZONEFULLFEED9803944) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CoreCivic sells Prairie Correctional Facility, Midwest Regional Reception Center to DHS for $734 million

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