The GEO Group
Definition
A publicly traded corporation that operates private prisons, mental health facilities, and immigration detention centers across several countries.
A company that specializes in government-contracted correctional services, electronic monitoring, and rehabilitation programming, often serving as a lightning rod for debates regarding the privatization of the justice sector.
Examples
The GEO Group manages to turn the very concept of rehabilitation into a diversified portfolio that would make any Wall Street analyst blush with envy.
It is truly impressive how The GEO Group manages to keep their facilities so well-booked, proving that their marketing team must be as creative as their legal department.
You know you have reached peak corporatization when your local prison has its own quarterly earnings call and quarterly report on recidivism outcomes.