Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been selected to provide program management services to BJC HealthCare (BJC) for its 10-year campus expansion and renovation program, considered one of the largest healthcare projects in the United States.
Under the terms of the contract, Jacobs is providing full program and project management services to add or modify approximately 3 million square feet of the medical center campus including BJC’s Barnes-Jewish Hospital and St. Louis Children's Hospital, both affiliated with Washington University School of Medicine. Jacobs completed a similar campus integration program for BJC HealthCare in 2001.
Phase One of the multi-phased program involves expanding oncology services, consolidating obstetrical and pediatric services and expanding the Children’s Hospital. Phase Two includes the expansion and renovation of inpatient facilities.
In making the announcement, Jacobs Group Vice President Tom McDuffie stated, “We are delighted to have the opportunity to contribute to the growth of St. Louis and continue our relationship with BJC by providing our capabilities to one of the most significant healthcare programs in the nation. ”BJC HealthCare is one of the largest nonprofit health care organizations in the United States, delivering services to residents primarily in the greater St. Louis, southern Illinois and mid-Missouri regions. With net revenue of $3.6 billion, BJC includes 13 hospitals and multiple community health locations. Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from 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 2011 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 do not undertake to update any forward-looking statements made herein.
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