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Quest Diagnostics set a record in April 2009 when it paid $302 million to the government to settle a Medicare fraud case alleging the company sold faulty medical testing kits. It was the largest qui tam ( whistleblower ) settlement paid by a medical lab for manufacturing and distributing a faulty product. [ 51 ]
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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[120] [121] One traveller attempting to return home to Tampa (after giving up on reaching California) reported that Amtrak was charging $1,000 for a one-way train ticket from Atlanta to Tampa. [122] Visibly distraught passengers with nowhere to go were seen trying to sleep in the airport on hard linoleum floors without blankets or food. [ 119 ]
Let's see if Quest Diagnostics (DGX) stock is a good choice for value-oriented investors right now from multiple angles.
The more Quest Diagnostics (NYS: DGX) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders. Healthy ...
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