Press Release Details

Quest Diagnostics Announces National Agreement to Provide Lab Services to UnitedHealthCare

05/04/2000

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 nation’s 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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