OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News On October 9, 2006, Cornell Companies Inc. (Cornell), an operator of private prisons, agreed to be bought by investment firm Veritas Capital for approximately $245 million in cash. The deal also includes the assumption of another $273.6 million in debt. Once the deal is closed, Cornell will be a private firm. Cornell, which operates 78 facilities used for prisons, juvenile detention centers, and rehabilitation centers, said its board unanimously approved the deal and will recommend that shareholders also . . .

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News On October 9, 2006, Cornell Companies Inc. (Cornell), an operator of private prisons, agreed to be bought by investment firm Veritas Capital for approximately $245 million in cash. The deal also includes the assumption of another $273.6 million in debt. Once the deal is closed, Cornell will be a private firm. Cornell, which operates 78 facilities used for prisons, juvenile detention centers, and rehabilitation centers, said its board unanimously approved the deal and will recommend that shareholders also . . .