COVID Stimulus Watch Individual Entry
Note: this award was refunded
Recipient Company:
QUEST DIAGNOSTICS INCORPORATED
Grant Amount:
$6,048,352
Recipient Details
Ownership Structure: publicly traded (ticker symbol DGX)
Facility City: Collegeville
Facility State: PA
Award Details
Award Date: Oct 27, 2020
Award Type: grant
Program Name: Provider Relief Fund - General Distribution ($500,000 and up)
Legislation: CARES
Awarding Agency: Health and Human Services Department
Data Source for Award:
https://data.cdc.gov/Administrative/HRSA-Provider-Relief-Fund-General-Al...
Parent Company Data
Parent Company: Quest Diagnostics
Headquartered in: New Jersey
Parent Sector: healthcare services
Parent Industry: diagnostic testing
Employees (prior to pandemic): 47,000
Accountability Issues Since 2010
Employment-related Penalties: $4,619,075
Government-contracting-related Penalties: $248,790,000
Environmental / Healthcare / Safety Penalties: $763,827
Consumer Protection / Financial / Competition-related Penalties: $513,000
Ratio of CEO Pay to that of Median Worker: 189 to 1
CEO Compensation: $10,131,566
Worker Median Pay: $53,492
Total Federal, State, and Local Subsidies: $25,464,777
Federal Corporate Income Tax Rate: 9.7%
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