-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B5KMuJpySsv7M91kmvjEIqYpsTUCqK1cfQyaSGw7GIr799VbNOdW78v5WUdfY/wu tDULgPIMgisrxAHArVIQDA== 0000950117-06-004131.txt : 20061004 0000950117-06-004131.hdr.sgml : 20061004 20061004090314 ACCESSION NUMBER: 0000950117-06-004131 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20061003 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061004 DATE AS OF CHANGE: 20061004 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUEST DIAGNOSTICS INC CENTRAL INDEX KEY: 0001022079 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEDICAL LABORATORIES [8071] IRS NUMBER: 161387862 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12215 FILM NUMBER: 061126815 BUSINESS ADDRESS: STREET 1: ONE MALCOLM AVE CITY: TETERBORO STATE: NJ ZIP: 07608 BUSINESS PHONE: 2013935000 MAIL ADDRESS: STREET 1: ONE MALCOLM AVE CITY: TETERBORO STATE: NJ ZIP: 07601 FORMER COMPANY: FORMER CONFORMED NAME: CORNING CLINICAL LABORATORIES INC DATE OF NAME CHANGE: 19960903 8-K 1 a44531.htm QUEST DIAGNOSTICS INCORPORATED

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

 

FORM 8-K

 

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of Earliest Event Reported): October 3, 2006

 

Quest Diagnostics Incorporated

1290 Wall Street West

Lyndhurst, NJ 07071

(201) 393-5000

 

001-12215

(Commission file number)

 

Delaware

(State of Incorporation)

 

16-1387862

(I.R.S. Employer Identification Number)

 

 

 

 

 

 

 

 

 


 

 

Item 8.01. Other Events

 

The following information is filed pursuant to “Item 8.01 Other Events.”

 

On October 3, 2006, the Company disclosed that it will not be a national contracted provider of laboratory services to UnitedHealthcare beginning January 1, 2007. UnitedHealthcare accounts for approximately 7% of the Company’s revenues. Quest Diagnostics expects to continue to service UnitedHealthcare’s members in certain markets as a contracted provider and in other markets as a non-contracted provider. The Company cannot estimate at this time the financial impact of not being a contracted provider on a national basis.

 

Item 9.01. Financial Statements and Exhibits

 

c.

Exhibit

 

99.1                      Press release of Quest Diagnostics Incorporated dated October 3, 2006 announcing it will not be a national contracted provider of laboratory services to UnitedHealthcare health plans beginning January 1, 2007.

 

 

 


Signature

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

  October 3, 2006  
     
  QUEST DIAGNOSTICS INCORPORATED  
       
  By: /s/ Robert A. Hagemann  
    Robert A. Hagemann
Senior Vice President and
Chief Financial Officer
 

 


 

EX-99 2 ex99-1.htm EXHIBIT 99.1
    Quest Diagnostics Incorporated
1290 Wall Street West
Lyndhurst, New Jersey 07071
Exhibit 99.1
       
   
News From Quest Diagnostics

 

  Quest Diagnostics Contacts:  
  Laure Park (Investors):  201-393-5030  
  Gary Samuels (Media):  201-393-5700  

 

FOR IMMEDIATE RELEASE

 

QUEST DIAGNOSTICS TO NO LONGER BE A NATIONAL CONTRACTED
PROVIDER OF LAB SERVICES TO UNITEDHEALTHCARE EFFECTIVE 2007

 

Quest Diagnostics expects to continue to service UnitedHealthcare members as a non-contracted provider of high quality convenient laboratory services –

 

LYNDHURST, N.J., October 3, 2006 – Quest Diagnostics Incorporated (NYSE: DGX), the nation’s leading provider of diagnostic testing, information and services, announced that it will not be a national contracted provider of laboratory services to UnitedHealthcare beginning January 1, 2007. UnitedHealthcare accounts for approximately 7% of Quest Diagnostics’ annual revenues.

 

Quest Diagnostics expects to continue to service UnitedHealthcare’s members in certain markets as a contracted provider and in other markets as a non-contracted provider. The company cannot estimate at this time the financial impact of not being a contracted provider on a national basis.

 

“In our response to UnitedHealthcare’s request for proposals, we offered to substantially reduce its laboratory costs, while at the same time increasing access and convenience for its members and physicians,” said Surya N. Mohapatra, Ph.D., Chairman and Chief Executive Officer. “Unfortunately, the terms and conditions that were offered by UnitedHealthcare would have been irresponsible for us to accept.”

 

“We believe patients, physicians and employers will continue to insist they have access to quality and convenient laboratory services from Quest Diagnostics, because of our enhanced patient experience, medical quality and the broadest distribution network,” continued Dr. Mohapatra. “We want them to know they have a choice when it comes to selecting a laboratory. Choosing a diagnostic lab with a focus on patients and quality makes a difference for your health.”

 

Conference Call Scheduled

Quest Diagnostics will hold a conference call to discuss the news and respond to questions on October 3, 2006 at 11:00 A.M. Eastern Time. Investors can access the call at 1-888-454-5684, passcode “Investor”. A simulcast of the call and a replay are available via the Internet at:

 


 

www.questdiagnostics.com and registered analysts may access the call at: www.streetevents.com. In addition, a replay of the call will be available later today through 11 P.M. on October 31, 2006 to investors in the U.S. by dialing 866-356-3374. Investors outside the U.S. may dial 203-369-0100. No password is required for either number.

 

Quest Diagnostics is the leading provider of diagnostic testing, information and services that patients and doctors need to make better healthcare decisions. The company offers the broadest access to diagnostic testing services through its national network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics is a pioneer in developing innovative new diagnostic tests and advanced healthcare information technology solutions that help improve patient care. Additional company information is available 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 actual results and outcomes to be materially different. Certain of these risks and uncertainties may include, but are not limited to, competitive environment, changes in government regulations, changing relationships with customers, payers, suppliers and strategic partners and other factors described in the Quest Diagnostics Incorporated 2005 Form 10-K and subsequent SEC filings.

 

###

 

 


 

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