CoreCivic Inks New Management Contract With Hinds County, Mississippi; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
CoreCivic has signed a new management contract with Hinds County, Mississippi. The initial contract term is for two years, with the possibility of an extension for an additional year upon mutual agreement. Financial terms of the deal were not disclosed.
September 25, 2023 | 12:05 pm
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CoreCivic's new contract with Hinds County, Mississippi could potentially boost its revenues over the next two to three years. However, the undisclosed financial terms make it difficult to estimate the exact impact on the company's bottom line.
The new contract is directly related to CoreCivic's business operations and could potentially increase its revenues. However, without the financial terms, it's challenging to estimate the exact impact on the company's profitability. The score of 1 indicates a potential positive impact on the stock price, but this is subject to the actual financial performance resulting from this contract.
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IMPORTANCE 70
RELEVANCE 100