Quest Diagnostics Inc has again been named to Fortune magazine’s list of the World’s Most Admired Companies.
Quest ranked second in the "Health Care" category of "Pharmacy and Other Services." The 2009 ranking is the second consecutive year that the company has been included on Fortune’s Most Admired Companies list. The company advanced to second place from third in 2008. The new World’s Most Admired Companies list is widely considered the definitive report card on corporate reputations.
"This prestigious recognition reflects the dedicated efforts of our 43,000 employees to put patients first and provide superior diagnostic services," said Surya N. Mohapatra, PhD, Chairman and CEO of Quest Diagnostics. "We are particularly gratified to have ranked number one in our industry category for long-term investment, which demonstrates support for our strategy and vision."
Fortune’s list of the World’s Most Admired Companies is based on surveys of more than 4,000 executives, directors and securities analysts of companies they admire most in their industry based on nine criteria: innovation, people management, use of corporate assets, quality of management; social responsibility; financial soundness, long-term investment, quality of products and services, and global competitiveness. For 2009, Fortune published one list rather than separate World’s Most Admired and America’s Most Admired lists in order to better represent the competitive landscape faced by today’s companies.
The full list and related stories appear in the March 16 issue of Fortune, available on newsstands on Monday, March 9th, and online.