Media Coverage

Quest Diagnostics reported today that its second quarter revenues grew a little less than 2 percent year over year.[CR-LF][CR-LF]For the three months ended June 30, total revenues reached $1.95 billion, up from $1.92 billion a year ago, and beating the consensus Wall Street estimate of $1.94 billion.[CR-LF][CR-LF]Quest Diagnostic Information Services revenues also grew about 2 percent to $1.87 billion from $1.84 billion. On a conference call, Quest CFO Mark Guinan said that the increase was driven by strong volume growth and acquisitions, but partially offset by higher reimbursement pressures and patient concessions.

Quest Diagnostics compiles data on more than 10 million drug tests a year. Only a small number of companies have struck marijuana from the list of drugs they screen for, and nationally, roughly 99 percent of all general work force drug tests include marijuana.[CR-LF][CR-LF]“For the most part it hasn’t had a large effect in those recreational-use states and no measurable effect in the medical marijuana states,” said Barry Sample, Quest’s senior director for science and technology.

Quest Diagnostics (NYSE: DGX), the world's leading provider of diagnostic information services, announced today the expansion of the Global Diagnostics Network (GDN), a strategic working group of major diagnostic laboratories collaborating to generate enhanced diagnostics insights to improve the delivery of global healthcare. Regional companies LSI Medience, and Strand Life Sciences join Quest and the charter members -- Al Borg Medical Laboratories, Dasa, GC Labs, Healius, KingMed Diagnostics, SYNLAB – as GDN members.

Quest Diagnostics said today it has entered an agreement to provide Catholic Health Services of Long Island with laboratory management services and reference testing.[CR-LF][CR-LF]Under the agreement, Quest will provide CHS with lab testing as well as management of lab equipment, supplies, and procurement processes. The agreement covers six CHS hospitals, a core lab, a cancer center, and an infusion center.

Digital health firm Sharecare said today that it is collaborating with Quest Diagnostics on tools for digital health management.[CR-LF][CR-LF]As part of the collaboration, Quest has made a strategic investment of an undisclosed amount in Sharecare, which named Quest its preferred laboratory partner. The development of disease management programs and other services will also be explored, they said.