Quest CEO Steve Rusckowski said he expects more hospitals to "be open to discussions" in the months ahead.
Quest Diagnostics CEO Steve Rusckowski answers reporters' questions after taking Gov. Charlie Baker, Lt. Gov. Karyn Polito and Health and Human Services Secretary Marylou Sudders on a tour of the Quest Diagnostics' laboratory facility in Marlborough, MA on March 19, 2020.is eyeing hospital labs and smaller diagnostic facilities for potential acquisition as the coronavirus pandemic sets the state "to help drive industry consolidation," CEO Steve Rusckowski said Thursday.
Much of the health care industry has struggled as the coronavirus has displaced normal health care services. Quest, which is one of the largest coronavirus diagnostic test manufacturers in the country, has played a central role in the U.S. response to the pandemic. But its revenue fell 6.4% during the second quarter from the same period last year as the pandemic disrupted other types of medical testing.
Rusckowski acknowledged the company's struggle to keep up with testing demands amid the recent surge in coronavirus cases across the country. Demand for diagnostic testing has far outpaced laboratories' capacity to process and deliver test results.that it's still able to process tests in a single day for "priority 1" patients, such as severely sick or hospitalized patients.
We need more competition not less. Quest is hit or miss about wait times. Makes me wonder about results
More anti-trust monopolization. Terrible. Quest already acquired a great upstart lab in CT that had much better service. They didn't even last a few years before Quest bought up the competition. Step up please ewarren
// Oops... setting up monopolies with health 'purpose' in mind?
// Oops... setting up monopolies with health 'purpose' in mind.