nyse dgx industry health care founded new york city united states 1967 founder paul brown headquarters madison new jersey united states area served united states brazil mexico united kingdom india key people steve rusckowski ceo revenue us 7.35 billion 2012 operating income us 1.5 billion 2012 total equity us 4 billion 2010 number of employees 40 000 website questdiagnostics.com quest diagnostics incorporated provides clinical laboratory services . founded in 1967 as metropolitan pathology laboratory inc. it became an independent corporation with the quest name on december 31 1996 . in addition to the united states quest diagnostics also runs operations in united kingdom mexico brazil puerto rico 1 and a laboratory in india 2 and also has collaborative agreements internationally with various hospitals and clinics . 3 it is a member of the fortune 500 and the s & p 500 with corporate headquarters located in madison new jersey . the company has approximately 43 000 employees and generates more than 7.5 billion in revenue and offers access to diagnostic testing services for cancer cardiovascular disease infectious disease and neurological disorders . contents 1 history 2 controversies 3 references 4 external links history edit this article may be unbalanced towards certain viewpoints . please improve the article by adding information on neglected viewpoints or discuss the issue on the talk page . july 2014 1967 founded by paul a. brown md as metropolitan pathology laboratory inc. in new york . 1969 name changed to metpath inc. in teaneck new jersey . 1982 metpath was acquired by what was then known as corning glass works and subsequently renamed corning clinical laboratories . 1996 quest diagnostics becomes an independent company as a spin off from corning . kenneth freeman appointed ceo . 1997 acquires clinical laboratory division of branford ct based diagnostic medical laboratory inc. dml . 4 1999 acquires smithkline beecham clinical laboratories ; glaxosmithkline still holds a large portion of quest diagnostics stock . the smithkline beecham acquisition includes a joint venture ownership with compunet clinical laboratory 2000 launch of six sigma program 2001 completes acquisition of ohio based medplus inc. nasdaq medp a healthcare technology company . 2002 completes acquisition of virginia based american medical laboratories inc. aml and an affiliated company of aml labportal inc. for approximately 500 million in cash . 2003 completes acquisition of california based unilab corporation nasdaq ulab in a transaction valued at approximately 800 million . 2005 completes acquisition of kansas based labone inc. nasdaq labs for approximately 934 million . 2005 forms a strategic alliance with ciphergen biosystems to commercialize novel proteomic tests . 5 2006 completes acquisition of virginia based focus diagnostics inc. an infectious and immunologic disease laboratory for approximately 185 million in cash . 2007 completes acquisition of sweden based hemocue a point of care diagnostic testing company . 2007 acquires ameripath and subsidiary specialty laboratories from welsh carson anderson & stowe becoming the leading provider of cancer diagnostic testing services . 2011 acquires athena diagnostics from thermo fisher scientific 2011 completes acquisition of celera corporation a company that became famous by its sequencing of the human genome . 6 2012 names former philips healthcare ceo stephen rusckowski as ceo . 7 2012 ceo surya mohapatra phd ceo from may 2004 april 2012 resigns after leading the company for 8 years 2012 quest diagnostics bought all the labs including the business from umass memorial hospitals in worcester ma . 8 2014 acquires solstas lab partners group and subsidiaries 9 2014 acquires summit health inc. 10 controversies edit 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 . 11 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 medicaid program and provided illegal kickbacks as incentives for healthcare providers to use quest labs . 12 references edit international facilities & operations . quest diagnostics . retrieved 2012 02 15 . birla sun life insurance names quest diagnostics its exclusive provider of health assessment services in india . quest diagnostics . 2007 03 31 . retrieved 2012 02 15 . our growing international presence . quest diagnostics . retrieved 2012 02 15 . quest diagnostics acquires assets of diagnostics medical laboratory inc. . quest diagnostics . retrieved 2012 02 15 . ciphergen biosystems and quest diagnostics form strategic alliance to develop and commercialize tests using ciphergen s proteomics technology . . july 22 2005 . retrieved jul 26 2013 . quest diagnostics successfully completes acquisition of celera archived july 9 2011 at the wayback machine . may 17 2011 . celera corporation . retrieved 2012 02 16 . anjali athavaley . quest diagnostics names rusckowski as ceo . marketwatch . retrieved 18 may 2015 . dgx to buy umass medical lab revised . yahoo finance . 23 october 2012 . retrieved 18 may 2015 . quest diagnostics acquires solstas for 570m . news industry watch paper . 34 4 . 15 february 2014 . p. 10 . quest diagnostics completes acquisition of summit health apr 21 2014 . newsroom.questdiagnostics.com . retrieved 2015 07 16 . businessman exposed problems with quest subsidiary s blood test kits ; led to 302 million settlement . phillips & cohen llp press release . april 15 2009 . attorney general kamala d. harris announces 241 million settlement with quest diagnostics . state of california department of justice . may 19 2011 . external links edit quest diagnostics homepage retrieved from https en.wikipedia.org w index.php title quest diagnostics & oldid 743748925 categories companies listed on the new york stock exchangecompanies established in 1967companies based in morris county new jerseyamerican brandsmadison new jersey1967 establishments in new yorkcorning inc.hidden categories articles with wayback machine linksarticles needing more viewpoints from july 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran ais edit links this page was last modified on 11 october 2016 at 01 36 . text is available under the creative commons attribution sharealike license ; 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