Private Equity Profits from Incarceration: 2023 Fact Sheet

The document lists private equity firms and the specific companies they have acquired to profit from services provided to incarcerated populations, including communications, healthcare, and commissary services.

• Private equity firms utilize capital from institutional investors, such as insurance companies, endowments, foundations, and pension funds, to invest in companies serving the more than two million people housed in U.S. prisons, jails, and detention facilities.
• While public debate often focuses on publicly-traded companies like GEO Group and CoreCivic, private equity-owned firms provide widespread services including medical, commissary, and phone services to millions of incarcerated individuals and their families.
• Specific private equity firms have acquired diverse service providers: HIG Capital owns Keefe (commissary for 650,000 people), ICSolutions (phone services for 300,000 people), and Wellpath (medical services for over 275,000 people in the U.S. and 6,500 in Australia); Platinum Equity owns Securus/Jpay (communications for over 1.2 million people in 3,400 North American facilities); and American Securities owns ViaPath/GTL/TelMate (services in nearly 2,000 facilities across U.S. states, DC, and Puerto Rico).

APA

Private Equity Stakeholder Project (2023). Private Equity Profits from Incarceration: 2023 Fact Sheet. https://pestakeholder.org/reports/fact-sheet-private-equity-profits-from-incarceration/

Chicago

Private Equity Stakeholder Project. Private Equity Profits from Incarceration: 2023 Fact Sheet. 2023. https://pestakeholder.org/reports/fact-sheet-private-equity-profits-from-incarceration/.

Wikipedia

{{cite report |author=Private Equity Stakeholder Project |title=Private Equity Profits from Incarceration: 2023 Fact Sheet |date=1 April 2023 |url=https://pestakeholder.org/reports/fact-sheet-private-equity-profits-from-incarceration/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{privateequitystakeholderproject2023private, author = {{Private Equity Stakeholder Project}}, title = {{Private Equity Profits from Incarceration: 2023 Fact Sheet}}, institution = {Private Equity Stakeholder Project}, year = {2023}, month = apr, url = {https://pestakeholder.org/reports/fact-sheet-private-equity-profits-from-incarceration/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }