Quest Diagnostics - M&A Summary and Business Overview

Healthcare ServicesCompany

Quest Diagnostics M&A Summary

Quest Diagnostics has acquired 40 companies, including 7 in the last 5 years. A total of 14 acquisitions came from private equity firms. It has also divested 4 assets.

Quest Diagnostics’ largest acquisition to date was in 2007, when it acquired AmeriPath for $2.0B. It’s largest disclosed sale occurred in 2016, when it sold Focus Diagnostics to DiaSorin for $300M. Quest Diagnostics has acquired in 18 different US states, and 4 countries. The Company’s most targeted sectors include healthcare services (58%) and life science (35%).

Quest Diagnostics Business Overview

Where is Quest Diagnostics headquartered?

Quest Diagnostics is headquartered in Secaucus, New Jersey.

What is Quest Diagnostics’ revenue?

Quest Diagnostics disclosed revenue of 9,252M USD for 2023 and 9,883M USD for 2022.

How many employees does Quest Diagnostics have?

Quest Diagnostics has 50,000 employees.

What sector is Quest Diagnostics in?

Quest Diagnostics is a healthcare services company.

When was Quest Diagnostics founded?

Quest Diagnostics was founded in 1967.

M&A Summary

  • M&A Total Activity42
    • M&A Buy Activity38
    • M&A Sell Activity4
  • Total Sectors Invested 5
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 27
  • M&A Advisors 2

Quest Diagnostics

Quest Diagnostics, Inc.

500 Plaza Drive,
Secaucus, New Jersey 07094
United States,
(973) 520-2700
www.questdiagnostics.com

Quest Diagnostics is a provider of diagnostic information services that patients and doctors need to make better healthcare decisions. The company offers the broadest access to diagnostic information services through its network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics was founded in 1967 and is based in Secaucus, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 31 2 1 2 1 1 38
vol $5.7B $985M $6.7B
Sell (0.2/yr) # 3 - - 1 - - 4
vol $600M $600M
  42

Most Recent M&A

Company Date Value Type
LifeLabs, Inc. 2024-07-03 985M USD Add-on Acquisition
Toronto, Ontario · www.lifelabs.com
Haystack Oncology, Inc. 2023-04-27 - Add-on Acquisition
Baltimore, Maryland · www.haystackoncology.com
Summit Health-CityMD 2022-11-07 - Divestiture
Novi, Michigan · www.summithealth.com
Summa Health - Outreach Lab Services Business 2022-10-05 - Divestiture
Akron, Ohio
Pack Health 2022-01-18 - Add-on Acquisition
Birmingham, Alabama · www.packhealth.com
Labtech Diagnostics 2021-12-14 - Add-on Acquisition
Anderson, South Carolina · www.labtechdiagnostics.net
Mid America Clinical Laboratories 2020-08-03 - Add-on Acquisition
Indianapolis, Indiana · www.maclonline.com
Blueprint Genetics Oy 2020-01-22 - Add-on Acquisition
Espoo, Finland · www.blueprintgenetics.com
Boyce and Bynum Pathology Laboratories (BBPL) - Clinical Laboratory Services Business 2018-11-27 - Divestiture
Columbia, Missouri
Hurley Medical Center - Outreach Laboratory Services 2018-10-22 - Divestiture
, Michigan
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 22 (58%) 4.4B (66%) 3 (75%) 300M (50%)
Life Science 13 (34%) 1.9B (29%) 1 (25%) 300M (50%)
Consumer Services 1 (3%) - - -
Internet Software and Services 1 (3%) 344M (5%) - -
Test/Measurement Equipment 1 (3%) - - -
Total 38 $6.7B 4 $600M

By Geo

State/Country Buy Value Sell Value
United States 35 5.3B 3 300M
  California 7 552M 1 300M
  Massachusetts 4 740M - -
  Michigan 2 - 1 -
  Kansas 2 934M - -
  Washington 2 - - -
  Texas 2 - - -
  Ohio 2 - - -
  North Carolina 2 570M - -
  New Mexico 2 - - -
  Maryland 1 - - -
  Indiana 1 - - -
  Florida 1 2.0B - -
  Alabama 1 - - -
  Virginia 1 500M - -
  South Carolina 1 - - -
  New York 1 - - -
  Missouri 1 - - -
  New Jersey - - 1 -
Sweden 1 420M 1 300M
Canada 1 985M - -
  Ontario 1 985M - -
Finland 1 - - -
Domestic 35 (92%) 5.3B (79%) 3 (75%) 300M (50%)
Cross-border 3 (8%) 1.4B (21%) 1 (25%) 300M (50%)
Total 38 $6.7B 4 $600M

Top M&A Advisors

Legal Deals
McCarthy Tétrault
 1
Shearman & Sterling
 1

Deal Values

buy # Total
> $1B 1 $2.0B
$100M to $1B 8 $4.7B
TOTAL $6.7B
Largest AmeriPath, Inc.
$2.0B (2007-04-16)
sell # Total
$100M to $1B 2 $600M
TOTAL $600M
Largest Focus Diagnostics, Inc.
$300M (2016-03-30)

M&A Connections

Deals
Acquired from
Investor(s)
32%
12 (32%)
Strategic(s)
26%
10 (26%)
Divested to
Strategic(s)
100%
4 (100%)

Company Summary

SECTOR

Healthcare Services

Revenue

9,252   7% 2023
9,883   9% 2022
10,788   15% 2021
9,437   23% 2020
7,726   3% 2019
7,531   3% 2018
7,709   3% 2017
7,515   1% 2016
7,493   1% 2015
7,435   5% 2014
7,146   4% 2013
7,382   2012
(millions of USD) Show More Show Less

Employees

50,000

Established

1967

Public

NYSE: DGX

 Subscribe to unlock this and 209,130
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 202K M&A Transactions
  • 205K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Quest Diagnostics

New Jersey Companies , Healthcare Services Companies , United States Companies , New Jersey Healthcare Services Companies , New Jersey Healthcare Services with Acquisitions , New Jersey Healthcare Services with Divestitures

Related Lists for New Jersey Companies

Largest New Jersey Companies , Acquisitive New Jersey Companies , Recently Acquired New Jersey Companies , Recently Sold New Jersey Companies , Private New Jersey Companies , Public New Jersey Companies , Acquired New Jersey Companies , PE Backed New Jersey Companies

Related Lists for Healthcare Services Companies

Largest Healthcare Services Companies , Acquisitive Healthcare Services Companies , Recently Acquired Healthcare Services Companies , Recently Sold Healthcare Services Companies , Private Healthcare Services Companies , Public Healthcare Services Companies , Acquired Healthcare Services Companies , PE Backed Healthcare Services Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal