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The Transaction

Delancey Street Partners is pleased to announce the following transaction:

December 2012
The GEO Group, Inc. (NYSE: GEO)
Divestiture of GEO Care, Inc. (“GEO Care”) to members of GEO and GEO Care’s management teams (the “MBO Group”)
Sector:  Healthcare Services
Delancey Street Partners served as financial advisor to the Independent Committee of the Board of Directors.

Delancey Street Partners is pleased to announce that it acted as financial advisor to The Independent Committee of the Board of Directors of The GEO Group, Inc. in connection with GEO’s divestiture of its health care assets operating under its previously wholly-owned subsidiary, GEO Care, Inc., to members of GEO and GEO Care’s management teams.

As part of this engagement, Delancey Street Partners reviewed strategic alternatives for the divestiture of GEO Care, evaluated and negotiated the terms of the MBO and rendered a fairness opinion to the Independent Committee and the Board of Directors of GEO.

The divestiture of GEO Care was a necessary restructuring step for GEO to operate as a REIT beginning January 1, 2013 in compliance with the REIT rules of the Internal Revenue Code.

GEO Care holds six managed-only health care facility contracts, totaling 1,970 beds, and provides correctional mental health services for the Palm Beach County, Florida jail system as well as correctional health care services in publicly-operated prisons in the State of Victoria, Australia. The GEO Care contracts and services generate approximately $165 million in annualized revenues.

The GEO Group, Inc. is the world’s leading diversified provider of correctional, detention, and community reentry services to federal, state, and local government agencies around the globe. GEO represents government clients in the United States, Australia, South Africa, and the United Kingdom. GEO’s worldwide operations include 18,000 employees and 73,000 owned and/or managed beds.

The transaction was completed on December 31, 2012.

The principals of Delancey Street Partners have significant experience serving the Healthcare industry. To learn about our experience in Healthcare, please click here.

For additional information about this transaction, please contact:

B. Andrew Schmucker
Managing Partner
484.533.6313
aschmucker@delanceyllc.com
William J. Filip
Managing Director
484.533.6312
wfilip@delanceyllc.com

Delancey Street Partners

Our offices are located in the suburbs of Philadelphia:
Five Tower Bridge, Suite 420 | 300 Barr Harbor Drive | West Conshohocken, PA 19428
(484) 533-6300

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