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GEO Group uses revolver borrowings to help fund Just Care purchase
By Sara Rosenberg
New York, Oct. 1 - GEO Group drew on its revolving credit facility to help fund the acquisition of Just Care Inc. for about $40 million, according to a news release.
Other funds for the acquisition came from free cash flow.
GEO is a Boca Raton, Fla., provider of correctional, detention and residential treatment services.
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