TETERBORO, N.J., May 4, 2000
Under the two-year, non-exclusive agreement, Quest Diagnostics is a national
participating provider of laboratory services for all UnitedHealthcare plans, covering
approximately 16 million members. The agreement provides members of UnitedHealthcare with
expanded access to Quest Diagnostics national network, including facilities of the
former SBCL and all the Quest Diagnostics sites.
"This important relationship enables us to offer the full resources of the
nations largest laboratory network to UnitedHealthcare physician providers and
members," said Surya N. Mohapatra, Ph.D., President and Chief Operating Officer of
Quest Diagnostics. "This will increase UnitedHealthcare members access to
high-quality, convenient, and reliable diagnostic testing services. Our nationwide network
of 40 major laboratories and 1,400 conveniently located patient service centers clearly
distinguishes us as the service leader."
Quest Diagnostics is the nation's leading provider of diagnostic testing, information
and services with annualized revenues of more than $3 billion. The testing performed on
human specimens helps doctors diagnose, treat and monitor disease; enables employers to
detect workplace drug abuse; and supports pharmaceutical and biotechnology companies in
clinical trials of new therapeutics worldwide. Quest Informatics analyzes laboratory and
other medical data to help health care providers improve the care of patients. Additional
company information can be found on the Internet at: www.questdiagnostics.com.
The statements in this press release which are not historical facts or information may
be forward-looking statements. These forward-looking statements involve risks and
uncertainties that could cause the outcome to be materially different. Certain of these
risks and uncertainties are listed in the Quest Diagnostics Incorporated 1999 Form 10-K
and subsequent filings.
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