STOCK TITAN

Jacobs to Design Australian Hospital Redevelopment Project

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Jacobs (NYSE:J) has been selected by Health Infrastructure to provide architectural services for the Royal Prince Alfred (RPA) Hospital Stage 1 Redevelopment in New South Wales, valued at $582 million. This project aims to expand healthcare facilities to meet community demand, including increasing inpatient beds and enhancing emergency services. Jacobs is known for its sustainable design strategy, which will involve repurposing existing structures. The project is fast-tracked as part of the NSW government's COVID-19 Recovery Plan, aiming to create jobs and bolster the economy.

Positive
  • Selected for a $582 million hospital redevelopment, enhancing future growth opportunities.
  • Focus on sustainability through adaptive reuse and integration of new technologies.
  • Fast-tracked project supporting job creation as part of COVID-19 Recovery Plan.
Negative
  • None.

DALLAS, June 8, 2021 /PRNewswire/ -- Jacobs (NYSE:J) was selected by Health Infrastructure to deliver architectural services for the New South Wales (NSW) government's $582 million (AU $750 million) Royal Prince Alfred (RPA) Hospital Stage 1 Redevelopment project to redevelop and expand the existing facility to meet growing demand for healthcare services within the community.

The RPA redevelopment will deliver a new hospital building and refurbishment of existing spaces, including more adult inpatient beds and expanded emergency department, intensive care unit, medical imaging services, operating theaters, and maternity, birthing and neonatal services. Jacobs' architects will deliver interior and exterior design and health planning services.

"We've worked collaboratively with Health Infrastructure for more than 10 years to design world-leading, technology-forward, award winning healthcare facilities for local communities and our appointment on this project is testament to this successful partnership," said Jacobs Executive Vice President Patrick Hill. "Thoughtful and tactical staging of the work is critical to this project and we'll draw on our strong relationship with key stakeholders and working knowledge of hospital operations to reduce the impacts on hospital staff, patients and the delivery of patient care."

Jacobs was previously engaged to develop the precinct plan which included developing a sustainability strategy for a new, world-class, sustainable, integrated health and education precinct centered around the existing RPA Hospital. Taking its cue from the broader precinct development sustainability strategy, the hospital redevelopment project will take a circular economy/adaptive reuse approach, with existing buildings to be repurposed and retrofitted to integrate new technologies and support modern models of care.

The project is commencing one year earlier than originally planned, fast tracked by the NSW government as part of its COVID-19 Recovery Plan to create new jobs, improve resilience and build a future-proof economy.

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of approximately 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, InstagramLinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. 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, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company's business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended October 2, 2020, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, and our Quarterly Report on Form 10-Q for the quarter ended April 2, 2021, and in particular the discussions contained under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 - Legal Proceedings; and Part II, Item 1A - Risk Factors, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
Kerrie Sparks
214.583.8433

Jacobs Logo (PRNewsfoto/Jacobs)

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/jacobs-to-design-australian-hospital-redevelopment-project-301307531.html

SOURCE Jacobs

FAQ

What is the value of the RPA Hospital redevelopment project by Jacobs?

The Royal Prince Alfred Hospital redevelopment project is valued at $582 million.

When was Jacobs selected for the RPA Hospital redevelopment?

Jacobs was selected on June 8, 2021.

What services will Jacobs provide for the RPA Hospital project?

Jacobs will provide architectural services, including interior and exterior design and health planning.

Why is the RPA Hospital redevelopment project being fast-tracked?

The project is being fast-tracked as part of the NSW government's COVID-19 Recovery Plan.

How does the RPA redevelopment project address sustainability?

The project will use a circular economy approach, repurposing existing buildings and integrating new technologies.

Jacobs Solutions Inc.

NYSE:J

J Rankings

J Latest News

J Stock Data

17.49B
124.25M
1%
87.77%
1.09%
Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
Link
United States of America
DALLAS