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Quest Diagnostics Incorporated (NYSE: DGX) is a
corporation based in the United States that provides clinical laboratory
services, it runs operations in United Kingdom, Mexico, Brazil, Puerto Rico and a laboratory in India and also has collaborative agreements
internationally with various hospitals and clinics. It is a member of the
Fortune 500 and the S&P 500. Their corporate headquarters are located in
Madison, New Jersey. The company has approximately 43,000 employees. The
company has over $7.5 billion dollars in revenue and offers access to
diagnostic testing services for cancer, cardiovascular disease, infectious
disease and neurological disorders.
The company has been listed on Fortune Magazine’s
"World’s Most Admired Companies" since 2008. In addition, the
company has been named listed on the Dow Jones Sustainability World Index and
North America Index and is consistently recognized as among the nation’s
healthiest employers. The company’s products have been recognized by the
Edison Institute for Leadership in Diagnostic Innovation. The company’s
"Quest Diagnostics Health Trends" reports identify and track trends
in disease and wellness, they are made available as a public service to inform
patients, health professionals and policy-makers about the current status of the
nation's health. The Quest Diagnostics Drug Testing Index, published
twice each year, is a comprehensive source of information on workplace drug use.
Quest Diagnostics set a record in April 2009 when it
paid $302 million to the government to settle a Medicare fraud case alleging
the company sold faulty medical testing kits. It was the largest qui tam
(whistleblower) settlement paid by a medical lab for manufacturing and
distributing a faulty product. In May 2011, Quest paid $241 million to the
state of California to settle a False Claims Act case that alleged the company
had overcharged Medi-Cal, the state’s medical aid program for low-income
individuals, and provided illegal kickbacks as incentives for healthcare
providers to use Quest labs.
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