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Quest Diagnostics Incorporated is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States , Puerto Rico , Mexico , and Brazil . [ 3 ] Quest also maintains collaborative agreements with various hospitals and clinics across the globe.
(Reuters) - Laboratory operator Quest Diagnostics raised its 2024 profit and revenue forecast on Tuesday after beating first-quarter estimates on robust demand for its diagnostic tests.
In 1997, Operation LabScam forced SBCL to agree to pay a $325 million settlement for billing Medicare and Medicaid for tests that physicians were misled into believing were free, violating the 1863 False Claims Act. [2] In 1998, a phlebotomist at an SBCL facility in Palo Alto, California was exposed as reusing needles to save money.
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The acquisition price was reduced to $204 million after federal officials issued subpoenas in an investigation of Medicare billing practices. [ 11 ] [ 12 ] [ 13 ] In April 1995, Hoffmann-La Roche , a division of Roche , contributed Roche Biomedical Laboratories, Inc. and US$186.7 million in cash to National Health Laboratories Holdings, in ...
Democratic Rep. Earl Blumenauer of Oregon reported that his wife, Margaret Kirkpatrick, bought up to $15,000 worth of stock in Quest Diagnostics, a leading COVID-19 test provider, in March 2020 ...
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That same year, Harris obtained two of the largest recoveries in the history of California's False Claims Act – $241 million from Quest Diagnostics and then $323 million from the SCAN healthcare network – over excess state Medi-Cal and federal Medicare payments. [18] [19]