Kentucky Elects Not to Renew Contract at Marion Adjustment Center

Kentucky Elects Not to Renew Contract at Marion Adjustment Center 
NASHVILLE, TN -- (Marketwired) -- 06/26/13 --   CCA (NYSE: CXW)
(Corrections Corporation of America) announced today that the
Kentucky Department of Corrections (KDOC) elected not to renew its
contract at our owned and operated 826-bed Marion Adjustment Center.
During 2012, the facility generated approximately $12 million in
revenue and approximately one million dollars in facility operating
income. 
At this time the KDOC has not yet determined when they will begin
ramping the facility down, but CCA will continue to work with the
Department on a ramp-down schedule. CCA will idle the Marion
Adjustment Center following the transfer of the population, while it
markets the facility to other customers. 
About CCA  
CCA, a publicly traded real estate investment trust (REIT), is the
nation's largest owner of partnership correction and detention
facilities and one of the largest prison operators in the United
States, behind only the federal government and three states. We
currently operate 67 facilities, including 51 facilities that we own
or control, with a total design capacity of approximately 92,500 beds
in 20 states and the District of Columbia. CCA specializes in owning,
operating and managing prisons and other correctional facilities and
providing inmate residential services for governmental agencies. In
addition to providing the fundamental residential services relating
to inmates, our facilities offer a variety of rehabilitation and
educational programs, including basic education, religious services,
life skills and employment training and substance abuse treatment.  
Forward-Looking Statements  
This press release contains statements as to the Company's beliefs
and expectations of the outcome of future events that are
forward-looking statements as defined within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from the
statements made. These include, but are not limited to, the risks and
uncertainties associated with: (i) our ability to meet and maintain
REIT qualification tests; (ii) general economic and market
conditions, including the impact governmental budgets can have on our
per diem rates, occupancy and overall utilization; (iii) the
availability of debt and equity financing on terms that are favorable
to us; (iv) fluctuations in our operating results because of, among
other things, changes in occupancy levels, competition, increases in
cost of operations, fluctuations in interest rates and risks of
operations; (v) our ability to obtain and maintain correctional
facility management contracts, including as a result of sufficient
governmental appropriations and as a result of inmate disturbances;
(vi) changes in the privatization of the corrections and detention
industry, the public acceptance of our services, the timing of the
opening of and demand for new prison facilities and the commencement
of new management contracts; (vii) changes in government policy and
in legislation and regulation of the corrections and detention
industry, which may adversely affect our business, including the
impact of the Budget Control Act of 2011 on federal corrections
budgets, California's utilization of out of state private
correctional capacity, and the impact of any changes to immigration
reform laws; and (viii) increases in costs to construct or expand
correctional facilities that exceed original estimates, or the
inability to complete such projects on schedule as a result of
various factors, many of which are beyond our control, such as
weather, labor conditions and material shortages, resulting in
increased construction costs. 
CCA takes no responsibility for updating the information contained in
this press release following the date hereof to reflect events or
circumstances occurring after the date hereof or the occurrence of
unanticipated events or for any changes or modifications made to this
press release. 
Contact:
Investors and Analysts: 
Karin Demler
CCA
(615) 263-3005  
Media: 
Steve Owen
(615) 263-3107 
 
 
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