Quest Diagnostics Inc (Quest Diagnostics) is one of the leading providers of diagnostic testing, information and services. The company offers a broad range of diagnostic tests to patients and physicians through a broad network of laboratories and company-owned patient service centers, and facilitates interpretive consultation. The company capitalizes on its core segment: diagnostic information services, innovative solutions, and robust operational infrastructure. However, involvement in lawsuits could be a major cause for concern for the company. Quest Diagnostics could benefit from strategic organic initiatives for COVID-19, inorganic initiatives, and from growing in vitro diagnostics (IVD) market. However, rising competition, rapid technological changes and stringent government regulations could hamper growth prospects of the company.
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