PASADENA, Calif., Sept. 1 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from the City and County of San Francisco, Calif., to provide construction management services for the San Francisco General Hospital and Trauma Center Rebuild Program.
The rebuild was approved by San Francisco voters in November 2008. They authorized the City and County to finance the project with $887.4 million general obligation bonds.
In making the announcement, Jacobs Group Vice President Tom McDuffie stated, "We are excited that the City and County of San Francisco has involved us in this critical healthcare project, and we are committed to providing the resources necessary for its successful completion."
The San Francisco General Hospital and Trauma Center Rebuild Program will replace the existing hospital building with a facility that complies with the state's seismic safety requirements. In compliance with state law, the new facility will ensure that San Francisco General Hospital and Trauma Center (SFGH) can continue to provide emergency, trauma and inpatient services to the public in the event of a major seismic event. Construction period is from summer 2009 through 2014, with the new hospital open and operational by winter 2015.
Located in the Mission District, SFGH provides comprehensive medical care - from primary care to emergency and disaster response - to the city and county residents of San Francisco. In 2000, the San Francisco Department of Public Health commissioned a seismic evaluation study of the main hospital building, and determined that the structure does not meet the state's mandated seismic safety standards. The Department of Public Health elected to construct a new acute care hospital on the current campus.
San Francisco General Hospital and Trauma Center is the sole provider of trauma and psychiatric emergency services for the City and County of San Francisco. A comprehensive medical center, SFGH serves some 100,000 patients per year and provides 20 percent of the city's impatient care. As San Francisco's public hospital, SFGH's mission is to provide quality health care and trauma services with compassion and respect to patient that include the city's most vulnerable. General Hospital is also one of the nation's top tertiary academic medical centers, partnering with University of California, San Francisco on clinical training and research.
Jacobs, with annual revenues exceeding $12 billion, 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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