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Quest Diagnostics Corporate Headquarters Address, CEO Email Address, and Corporate Office Info
Quest Diagnostics Inc. is one of the nation’s major providers of clinical laboratory testing services. It provides a comprehensive range of normal and esoteric services that are used by the medical profession to diagnose, monitor, and treat disease and other medical conditions. Independent physicians and physician groups, health maintenance organisations and other managed-care organisations, hospitals, and government agencies are among the company’s customers. In 1996, it was spun out from Corning Inc.
Quest Diagnostics originated in Corning Glass Works’ laboratory glassware. As early as World War I, the company’s Pyrex glassware—which generated a successful cookware line—put it in the laboratory industry. When instrumentation began to supplant test tube, flask, and beaker chemistry in the 1960s, Corning added a high-powered pH-measuring equipment to the crude metres it was already manufacturing to determine how well a critically ill patient’s lungs exchanged oxygen and carbon dioxide. In 1977, the new blood-gas device could not be manufactured quickly enough to meet demand.
Corning had also begun manufacturing white blood cell analyzers in 1975, automating one of the final blood tests performed manually in clinical laboratories. In 1976, the business established a medical products branch in Medford, Massachusetts, and Palo Alto, California, where it manufactured electrodes, pHmeters, electrometers, biomedical instruments and systems, photometers, electrophoresis equipment, and densitometers. Corning’s health and sciences operations were consolidated in 1977 into a single operational division with $221 million in sales and a net income of 12% of the parent company’s total. These statistics were $374 million and 32% in 1981.
Corning’s clinical laboratory testing, on the other hand, did not commence until 1982, when it purchased MetPath Inc. Paul A. Brown, a pathologist who subsequently stated that he was “amazed at the sky-high test rates charged by hospitals and clinics,” launched Metropolitan Pathological Laboratory in 1967 with $500 and operated it first out of his Manhattan residence. Two years later, he invested $55,000 in a $55,000 equipment that did 12 routine blood tests automatically and charged $5.50, compared to over $40 charged by hospitals and medical laboratories. Brown invested more than $1 million in two AutoChemist units in 1972, increasing the number of automated blood tests MetPath could do to 25 and greatly reducing the cost of chemical reagents required for analysis. The company began making a profit in 1971 and continued to do so annually beginning in 1974. Corning Glass Works acquired 10% of the company’s equity in 1973.
By 1975, MetPath had established one of the best equipped and largest medical laboratories in the world and was the largest corporation in the United States devoted exclusively to clinical laboratory services. It was offering over 600 laboratory tests to physicians, hospitals, and institutes in 11 locations and doing over two million laboratory tests per month on material from over 150,000 patients. The tests were performed at a highly automated central laboratory in Hackensack, New Jersey, with approximately 80% of results being given to the client within 24 hours of specimen collection. In aggregate, MetPath charged an average of $9 each patient transaction.
By 1979, MetPath was fighting Damon Corp. for first place in the $12 billion-a-year clinical laboratory testing market. In fiscal 1978 (the year ended September 30, 1978), the company earned $3.8 million in net income on $53.4 million in revenue. In 1978, a new $25 million laboratory in Teterboro, New Jersey, was established. It is certainly the industry’s largest and is capable of analysing up to 30,000 samples each day. Fifty local offices collected daily specimens from doctors’ offices and clinics, transporting them to the laboratory by same-day air freight. The results were relayed to each of the company’s local offices via telecommunications terminals. MetPath charged only $20 for a package of 29 typical tests.
By 1982, MetPath was the market leader in clinical laboratory testing. Four IBM mainframe computers at the Teterboro laboratory were transmitting results to terminals in 70 branches and 550 physician and hospital offices. MetPath purchased minor testing laboratories across the country to serve as collection stations for samples and established a second clinical laboratory near Chicago’s O’Hare International Airport. However, the expansion increased the company’s debt to such an extent that it was sold to Corning Glass Works in 1982 for around $145 million in stock.
Quest Diagnostics Corporate Headquarters Address and Phone Number
The company is based in NJ , United States. Do you have anything to share with the corporate headquarters? If yes, please take a note of the headquarters address of name Inc. below:
Quest Diagnostics Corporate Headquarters Address
500 Plaza Dr, Secaucus NJ 07094
How do I contact Quest Diagnostics CEO?
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Quest Diagnostics Contact Details
Quest Diagnostics Headquarters Contact Details: NA
Quest Diagnostics Headquarters Address: 500 Plaza Dr, Secaucus NJ 07094, United States.
Quest Diagnostics Headquarters Phone Number: 787-725-8243.
Quest Diagnostics Headquarters Whatsapp Number: NA
Quest Diagnostics Headquarters Office Email ID: Investor@QuestDiagnostics.com
Quest Diagnostics Social Profiles
Quest Diagnostics Headquarters Facebook Fan Page: https://www.facebook.com/questdiagnostics
Quest Diagnostics Headquarters Twitter Handle: https://twitter.com/QuestDX
Quest Diagnostics Headquarters Instagram Profile: NA
Quest Diagnostics Headquarters Snapchat Profile: NA
Quest Diagnostics Headquarters YouTube Channel: https://www.youtube.com/user/QuestDiagnosticsTV