Matt Gouras
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/ 14 September 2004

Future looks bright for private prisons company

The United States’s largest operator of private prisons expects to benefit from the Bush administration’s expansion of federal police and thinks prison overcrowding could lead to more business. Corrections Corporation of America, which houses about 63 000 inmates in 20 states and the District of Columbia, also told investors that the demographic producing many prisoners — males between 18 to 24 years old — is growing and should create more demand for its services.