Jacobs Selected as Program Manager for the New Dallas Pediatric Campus

Rhea-AI Summary

Jacobs (NYSE: J) has been chosen as the owner's program manager for a major pediatric hospital project in Dallas, Texas. The project is a joint venture between Children's Health and UT Southwestern Medical Center.

The new campus will feature three towers with 552 total beds, representing a 38% increase in bed capacity. The 4.5-million-square-foot facility will include the largest Level IV Neonatal Intensive Care Unit in Dallas, expanded emergency department space, additional operating rooms, and a new fetal care center. Construction began in late 2024, with the project also incorporating over 20 acres of green space.

Jacobs, which generates approximately $12 billion in annual revenue and employs nearly 45,000 people, will leverage its experience from delivering 50 academic research centers and 15 children's hospital campuses to provide comprehensive project management services.

Positive

• Project addresses critical healthcare needs with pediatric population expected to double by 2050
• Significant 38% increase in bed capacity with 552 total beds
• Leverages Jacobs' extensive experience from 50 academic research centers and 15 children's hospitals
• Large-scale project adding 4.5 million square feet of healthcare infrastructure

Negative

• Complex, long-term construction project with potential execution risks
• Significant resource commitment required for project of this scale

News Market Reaction

+1.33%

1 alert

+1.33% News Effect

On the day this news was published, J gained 1.33%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

New hospital project will enhance pediatric patient care for the Dallas Metroplex

DALLAS, Aug. 12, 2025 /PRNewswire/ -- Jacobs (NYSE: J) was selected as the owner's program manager for a groundbreaking hospital project by a joint venture between Children's Health and the University of Texas (UT) Southwestern Medical Center. Located in Dallas, Texas, the new pediatric campus will help revolutionize healthcare with state-of-the-art, patient-centric facilities designed to meet increasing needs in one of the nation's fastest growing metropolitan regions.

With the pediatric population in the region expected to double by 2050, the new campus will increase bed capacity by 38 percent, expand emergency department space and add operating rooms, while offering the largest Level IV (Four) Neonatal Intensive Care Units in Dallas. Jacobs will leverage insights from similar global program management experience – including the delivery of 50 academic research centers and 15 children's hospital campuses – to provide advisory services across project management, on-site construction and inspection for the new campus.

"Healthcare infrastructure is essential to community wellbeing. It plays a vital role in supporting regional economic vitality, by attracting population growth and advancing deeper societal progress. Our experience delivering medical campuses, both in Texas and around the world, underscores the critical role these facilities play, especially for youth and our future," said Jacobs Executive Vice President Eva Wood. "As Children's Health System and UT Southwestern Medical Center look to deliver one of the largest, most transformative pediatric hospitals in the nation, our consulting services will guide the new standard for compassionate care and experience."

Across three new towers, the new campus will include 552 total beds and a new fetal care center to offer one of the region's most advanced, accessible fetal and maternal services. Construction, which will account for 4.5 million square feet of space, began in late 2024. The campus will also feature more than 20 acres of green space, including a park, walking trails and an open courtyard.

At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately $12 billion in annual revenue and a team of almost 45,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we're creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, Instagram, X and Facebook. 

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify 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, uncertainties as to the impact of the recently completed separation transaction pursuant to which we spun off and merged our Critical Missions Solutions and Cyber & Intelligence government services businesses with Amentum  (together, "new Amentum ") on Jacobs' and new Amentum's businesses, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation related to governmental spending, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others, and the impact of any future pandemic or infectious disease outbreak, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see 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 in our most recently filed Annual Report on Form 10-K, and Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings, 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:
media@jacobs.com   

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/jacobs-selected-as-program-manager-for-the-new-dallas-pediatric-campus-302520807.html

SOURCE Jacobs

FAQ

What is the size and scope of Jacobs' new Dallas pediatric campus project?

The project includes three towers spanning 4.5 million square feet, with 552 total beds, expanded emergency department, operating rooms, and the largest Level IV NICU in Dallas. It also features 20+ acres of green space.

When did construction begin on the Jacobs Dallas pediatric campus project?

Construction on the new pediatric campus began in late 2024.

How much will bed capacity increase at the new Dallas pediatric campus?

The new campus will increase bed capacity by 38%, providing a total of 552 beds to meet growing healthcare needs in the Dallas Metroplex.

What is Jacobs' experience with healthcare facility projects?

Jacobs has extensive experience delivering 50 academic research centers and 15 children's hospital campuses globally.

Why is the new pediatric campus being built in Dallas?

The campus is being built to address growing healthcare needs in the Dallas Metroplex, where the pediatric population is expected to double by 2050.