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Jacobs Receives Contract from Catholic Healthcare West to Assist Sequoia Hospital Expansion Program

PASADENA, Calif., Feb. 5 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Catholic Healthcare West to assist in managing the Sequoia Hospital Program in Redwood City, Calif. The project consists of a major expansion to the hospital, including a new 104-bed tower, a retrofit of 63 rooms in the existing hospital, a medical office building, and a parking structure. The overall project is expected to be finished by 2012.

Officials estimate the value of the overall project at $240 million.

Sequoia hospital's marquee program is cardiovascular services, which includes both clinical and research components. Sequoia is among the nation's top five percent of hospitals, according to a study of mortality and complication rates by HealthGrades, the nation's leading independent healthcare ratings company.

In making the announcement, Jacobs Group Vice President Warren Dean stated, "We are proud to be a part of this important Catholic Healthcare West program, which will give Midpeninsula residents and physicians a state-of-the-art facility to receive and provide top-quality medical care."

Jacobs, with about 54,000 employees and $9 billion in revenues, provides technical, professional, and construction services globally.

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 2007 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.


SOURCE Jacobs Engineering Group Inc.
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