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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. [52] In 2018, Quest Diagnostics was among a number of US based labs linked to ...
Celera Corporation is a subsidiary of Quest Diagnostics which focuses on genetic sequencing and related technologies. It was founded in 1998 as a business unit of Applera , spun off into an independent company in 2008, and finally acquired by Quest Diagnostics in 2011.
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a former PAML location acquired by LabCorp in the 2017. In September 2010, Labcorp acquired Genzyme Genetics, formerly a division of Genzyme Corporation, with 9 testing laboratories and approximately 1,900 employees, for $925 million in cash. [36] In February 2011, Labcorp acquired the assets of bankrupt Westcliff Medical Laboratory.
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Clinical laboratory services includes large multinational corporations such LabCorp, Quest Diagnostics, and Sonic Healthcare [23] but a significant portion of revenue, estimated at 60% in the United States, is generated by hospital labs. [24] In 2018, the total global revenue for these companies was estimated to reach $146 billion by 2024. [25]
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