December 06, 2016 9:20 AM ET

Healthcare Providers and Services

Company Overview of Quest Diagnostics Inc.

Company Overview

Quest Diagnostics Incorporated provides diagnostic testing information and services in the United States and internationally. The company offers clinical testing services, such as routine testing, gene-based and esoteric testing, and drugs-of-abuse testing, as well as anatomic pathology services, and related services and insights; risk assessment services for life insurers, healthcare providers, and others; and central laboratory testing for clinical trials. It also develops, manufactures, and markets diagnostic products, including Care360 HER, a healthcare information technology product that allows doctors to electronically create, manage, and distribute patient encounter notes, as well as ...

3 Giralda Farms

Madison, NJ 07940

United States

Founded in 1967

44,000 Employees

Phone:

973-520-2700

Key Executives for Quest Diagnostics Inc.

Chief Executive Officer, President, Director and Member of Executive Committee
Age: 59
Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Vice President
Age: 54
Total Annual Compensation: $590.4K
Senior Vice President and Group Executive - Diagnostic Solutions Businesses
Age: 61
Total Annual Compensation: $596.8K
Senior Vice President and Group Executive - Regional Businesses
Age: 53
Total Annual Compensation: $590.4K
Senior Vice President and Group Executive of Clinical Franchise Solutions
Age: 53
Total Annual Compensation: $587.7K
Compensation as of Fiscal Year 2015.

Quest Diagnostics Inc. Key Developments

Quest Diagnostics to Expand Consumer Offering Through Patient-Initiated Testing Services in Colorado and Missouri

Quest Diagnostics has launched QuestDirect, a new Patient-Initiated Testing service which will empower consumers who live in Colorado and Missouri to manage their health by ordering certain lab tests directly without a physician's order. The pilot program will be available beginning on November 21, 2016. Customers will be able to access the results through MyQuest™ by Care360, used by more than three million people to see, store and share their results and health information using a smartphone, tablet or desktop computer. Prices for each test bundle are provided on the order form.

Quest Diagnostics Inc. Declares Increased Quarterly Dividend, Payable on January 25, 2017

Quest Diagnostics' board of directors has increased its quarterly dividend to $0.45 per share from $0.40 per share, commencing with the dividend payable January 25, 2017 to holders of record of the common stock on January 10, 2017.

Quest Diagnostics Incorporated Reiterates Financial Guidance for the Year 2016

Quest Diagnostics Incorporated reiterated financial guidance for the year 2016. Revenues to be approximately $7.51 billion, an increase of 2.5% over 2015 on an equivalent basis. Revenues on an equivalent basis for full year 2015 were $7.32 billion.  This represents the company's reported revenues, excluding $85 million in 2015 clinical trials testing revenues and $84 million in revenues representing all Celera products revenue for 2015 and Focus Diagnostics products revenue subsequent to April 2015. Adjusted diluted EPS excluding amortization to be between $5.07 and $5.12.  Cash provided by operations to approximate $1 billion. Capital expenditures to approximate $250 million.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
March 30, 2016
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