The GEO Group, Inc.

Public | Divestiture & Fairness Opinion | GEO Care, Inc.

Provider of mental healthcare services to state psychiatric hospitals and correctional facilities

Case

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.

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.

About

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.

Situation

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.

Result

The transaction was completed on December 31, 2012.

The principals of Delancey Street Partners have significant experience serving the Healthcare industry.

For additional information about this transaction, please contact:

Additional

Information

The transaction was completed on December 31, 2012.

The principals of Delancey Street Partners have significant experience serving the Healthcare industry.

For additional information about this transaction, please contact:

B. Andrew Schmucker

Managing Partner Phone: (484) 533 – 6313

B. Andrew Schmucker

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William J. Filip

Managing Director Phone: (484) 533 – 6312

William J. Filip

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