Prison health venture buys public peer

Nashville-based Correct Care Solutions has struck a deal to buy a publicly traded prison health services provider for $59 million.

Correct Care officials say they expect to wrap up their acquisition of Conmed Healthcare Management later this quarter and leave in place that entity’s Maryland-based leadership team. Combined, the companies will serve 100,000 inmates in 25 states and have a payroll of about 5,000. About two-thirds of those numbers come from Correct Care, which has grown about 50 percent since being recapitalized in mid-2010.