Jacobs Receives Contract with University Health System of Bexar County
PASADENA, Calif., Oct. 20 Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from University Health System (UHS) of Bexar County, Texas, to provide Lead Program Management Services for the design and construction of two major health care projects.
Officials estimate the construction value of both facilities to be nearly $900 million with a contract value estimated at $16.8 million.
University Health System's Target 2012: Capital Improvement program is the largest development project in its history. The program includes a plan to expand and renovate both the aging and overcrowded University Hospital and its largest outpatient clinic, University Health Center- Downtown. A new tower at University Hospital will double the size of the existing facility to approximately two million square feet. The hospital's two existing towers will be refurbished and incorporated into the design. The older of the towers was built in 1968.
In making the announcement, Jacobs Group Vice President Tom McDuffie stated, "We are very pleased to have the opportunity to serve our client and provide the people of South Texas with necessary expansions and improvements to their critical hospital facilities."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2008 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
For additional information contact: Michelle Jones 626.578.6968
SOURCE Jacobs Engineering Group Inc.
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