Quest Diagnostics Inc Stock Price, News & Analysis

Quest Diagnostics (NYSE: DGX) announced its acquisition of Pack Health in an all-cash equity transaction, aiming to enhance its patient engagement capabilities. Pack Health, which focuses on chronic condition management and personalized patient support, will be integrated into Quest's Extended Care services. This move is intended to connect diagnostic insights to actionable healthcare solutions, emphasizing the company's commitment to addressing social determinants of health. Financial terms were undisclosed, with completion expected in Q1 2022.

Quest Diagnostics (DGX) announced preliminary financial results for Q4 and FY 2021, revealing Q4 revenue of approximately $2.74 billion, down 9% from $3.00 billion in 2020. Total base testing volumes rose by 10% compared to Q4 2019. The diluted EPS for Q4 is expected to be $3.12, a decrease from $4.21 in the previous year. However, for FY 2021, reported revenue is projected at $10.79 billion, a 14% increase from $9.44 billion in 2020. The company anticipates exceeding adjusted EPS of $8.00 in 2022.

Quest Diagnostics (NYSE: DGX) announced it will report its fourth quarter and full year 2021 financial results on February 3, 2022, before the market opens. A conference call discussing the results will begin at 8:30 a.m. ET on the same day, accessible via phone or online. A replay of the call will be available from 10:30 a.m. ET on February 3 until midnight ET on February 17, 2022. This event informs stakeholders about the company's financial performance and future outlook.

Quest Diagnostics (NYSE: DGX), a leader in diagnostic information services, will present at the 40th Annual J.P. Morgan Healthcare Conference. Steve Rusckowski, Chairman and CEO, is set to discuss the company's vision and capital strategies on January 12, 2022, at 9:00 a.m. ET. The live presentation will be webcast and later archived on the company's investor relations page, accessible until February 11, 2022. Quest Diagnostics serves one in three adults in the U.S. and employs nearly 50,000 staff, focusing on improving health outcomes through diagnostic insights.

Quest Diagnostics (NYSE: DGX) announced the acquisition of Labtech Diagnostics, enhancing its diagnostic services in the Southeast. This acquisition is significant as it introduces Quest's first full-service laboratory in South Carolina. The move aims to improve healthcare access, particularly for physicians and patients in regions including North Carolina, Georgia, and Florida. Quest's CEO, Steve Rusckowski, emphasizes that this acquisition aligns with their growth strategy and vision for a healthier world, enhancing affordable care and expanding their diagnostic capabilities.

Quest Diagnostics (DGX) announced the availability of the Target Selector™ NGS Lung Panel, a liquid biopsy test developed by Biocept, Inc. This test allows physicians to perform genomic profiling in patients with advanced non-small cell lung cancer (NSCLC) using a blood sample. By streamlining the diagnostic process, this development aims to enhance treatment options and patient outcomes. The test can be ordered through Quest's nationwide service centers, emphasizing a less invasive method compared to traditional tissue biopsies.

On November 17, 2021, Quest Diagnostics (DGX) declared a quarterly cash dividend of $0.62 per share. The dividend will be payable on February 2, 2022, to shareholders on record as of January 19, 2022. This announcement reflects Quest's commitment to providing returns to its shareholders and showcases its financial stability in the diagnostic services market, where it serves a large portion of the American population.

A Quest Diagnostics Health Trends report reveals that 67% of physicians fear they overlooked drug misuse signs during the pandemic, with expectations of increased overdose deaths, particularly involving fentanyl. The report analyzed 5 million test results and surveyed 500 primary care physicians, highlighting a critical concern about rising addiction risks linked to mental health issues exacerbated by COVID-19. 78% of physicians anticipate patients may turn to illicit fentanyl due to limited options for chronic pain management. Access the full report for in-depth insights.