Quest Diagnostics 1999 Annual Report Download

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Quest Diagnostics Incorporated
1999 Annual Report
The
Leader in
Diagnostic
Testing

Table of contents

  • Page 1
    Quest Diagnostics Incorporated 1999 Annual Report The Leader in Diagnostic Testing

  • Page 2
    ...gains. O U R B U S I N E S S 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...

  • Page 3
    C H A I R M A N ' S L E T T E R During 1999 we established Quest Diagnostics as the nation's clear industry leader in diagnostic testing. Through the acquisition of SmithKline Beecham Clinical Laboratories (SBCL), we took a major step to enhance our leadership position and growth prospects for the...

  • Page 4
    ... services, such as our new partnership with Caresoft, Inc. to provide lab results and testing information directly to consumers who request it over the Internet. Under the umbrella of Quest Diagnostics Ventures, we plan to significantly increase annual revenues in new, leading edge businesses...

  • Page 5
    ... quality leader in health care services by incorporating Six Sigma quality processes throughout our business; Accelerate innovation and business development in areas with high growth and profit potential; Improve employee satisfaction by providing an exceptional work environment; and Stimulate pro...

  • Page 6
    ... Our state-of-the-art laboratories receive 400,000 human specimens on average each business day and report results for most tests within 24 hours. Our extensive network of 1,400 conveniently located Patient Service Centers, the nation's largest, makes it easy for patients to have specimens collected...

  • Page 7
    ...lead today 5 700,000 Americans infected with HIV 340,000 HIV viral load tests performed by Quest Diagnostics in '99 180,000 new prostate cancer cases diagnosed in the U.S. in '99 50 age that men need annual PSA test (Amer. Cancer Soc.) 5,000,000 PSA tests performed by Quest Diagnostics in '99

  • Page 8
    ... one of the leading providers of testing to support clinical trials of new pharmaceutical and biotechnology therapeutics worldwide, with major facilities in Southern California, London and Brussels. In 1999, our clinical trials business expanded, providing laboratory services to support 19 of the 20...

  • Page 9
    ... 7 10,000,000 Pap tests performed by Quest Diagnostics in '99 1,000,000 ThinPrep Pap Tests performed by Quest Diagnostics in '99 10,000,000 drug tests performed by Quest Diagnostics in '99 $26,400,000,000 Pharmaceutical industry's R & D budget in '00 (estimate) 830 new-drug protocols supported...

  • Page 10
    ...major commercial laboratory to announce the availability of secure, personalized lab testing information over the Internet, via Caresoft, Inc.'s web site: www.thedailyapple.com. Doctors are also becoming web-enabled, and we are working to provide them everything from electronic test request forms to...

  • Page 11
    ensuring our lead for tomorrow 9 43 percent of adult Internet users seek health information 81 percent of Internet users accessing health information found it useful 20 percent of M.D.s used the Internet-'97 37 percent of M.D.s used the Internet-'99

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    10

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    ... Mills, Maryland Cambridge, Massachusetts Auburn Hills, Michigan Grand Rapids, Michigan New Brighton, Minnesota St. Louis, Missouri Lincoln, Nebraska Teterboro, New Jersey Islip, New York Syosset, New York Valley View, Ohio Portland, Oregon Horsham, Pennsylvania Norristown, Pennsylvania Pittsburgh...

  • Page 14
    ... (ticker symbol: "DGX") are listed on the New York Stock Exchange. Options on Quest Diagnostics shares are traded on the Chicago Board Options Exchange. Transfer Agent and Registrar Harris Trust and Savings Bank 311 West Monroe Street Chicago, Illinois 60606 (312) 360-5271 Report change of address...

  • Page 15
    ... company, and as individuals. We embrace the qualities of personal leadership - courage, competence, confidence and a passion for surpassing expectations. We will provide growth opportunities for our employees, quality services and products to our customers and superior returns to our shareholders.

  • Page 16
    Quest Diagnostics Incorporated One Malcolm Avenue Teterboro, New Jersey 07608 www.questdiagnostics.com MI0625 Annual Report without 10-K MI0626 Annual Report