Vice President, Mergers & Acquisitions

Quest Diagnostics•Secaucus, NJ

About The Position

The Corporate Strategy and M&A Group is focused on driving growth across the business through acquisitions, joint ventures and partnerships. Quest Diagnostics’ strategy is to increase revenue each year by more than 2% through accretive, strategic acquisitions. Acquisition opportunities may include IDN outreach businesses, regional laboratory consolidation and businesses that will provide Quest with new capabilities. Quest has closed significant acquisitions in the last 3 years. In 2024, Quest Diagnostics accelerated international expansion with the acquisition of LifeLabs, a leading Canadian diagnostics testing service provider. In 2023 and 2024, Quest invested in Oncology and Genetics with the acquisition of Haystack Oncology and PathAI assets. Finally, Quest has continued to execute many deals with Health Systems and Independent Labs. The Vice President, M&A will play a key role in this overall effort and will have the opportunity to lead all phases of strategic acquisitions & divestitures including market assessment and target screening, M&A target cultivation, deal structuring, due diligence, contract negotiations and deal closing while continuing to be a guide and touch point during integration. The role is not directly responsible for leading integration of acquired businesses but is expected to influence successful integration to position Quest for successful business outcomes. This leader will play a key role in ensuring proposed deals and structure aligning with Quest Diagnostics’ business model, and risk appetite. He/she will have responsibility for coordinating with other teams as appropriate to ensure acquisition models are accurate, risks to the model are fully identified and accounted for to the maximum extent possible and that due diligence is robust. This will be accomplished by managing work streams and virtual teams on each deal and will help develop and execute negotiating strategies with investment banks and directly with the acquisition target. The Vice President, M&A will also provide expertise to identify and review corporate opportunities aligned with the inorganic growth strategy, will communicate frequently with business leaders across Quest Diagnostics to determine strategic fit and feasibility of a deal, and will vet the structure according to financial targets for profitable growth. This role will develop relationships with key internal and external stakeholders, including banks, other financial institutions and target companies and will help keep these external parties apprised of areas of strategic interest for Quest. The VP will be a relationship builder and influencer, will provide leadership in the sourcing and execution of opportunities, and will monitor and report on post-close performance.

Responsibilities

Lead all phases of strategic acquisitions & divestitures including market assessment and target screening, M&A target cultivation, deal structuring, due diligence, contract negotiations and deal closing while continuing to be a guide and touch point during integration.
Influence successful integration to position Quest for successful business outcomes.
Coordinate with other teams as appropriate to ensure acquisition models are accurate, risks to the model are fully identified and accounted for to the maximum extent possible and that due diligence is robust.
Manage work streams and virtual teams on each deal and will help develop and execute negotiating strategies with investment banks and directly with the acquisition target.
Provide expertise to identify and review corporate opportunities aligned with the inorganic growth strategy
Communicate frequently with business leaders across Quest Diagnostics to determine strategic fit and feasibility of a deal, and will vet the structure according to financial targets for profitable growth.
Develop relationships with key internal and external stakeholders, including banks, other financial institutions and target companies and will help keep these external parties apprised of areas of strategic interest for Quest.
Provide leadership in the sourcing and execution of opportunities, and will monitor and report on post-close performance.

Benefits

Day 1 Medical, supplemental health, dental & vision for FT employees who work 30+ hours
Best-in-class well-being programs
Annual, no-cost health assessment program Blueprint for Wellness®
healthyMINDS mental health program
Vacation and Health/Flex Time
6 Holidays plus 1 "MyDay" off
FinFit financial coaching and services
401(k) pre-tax and/or Roth IRA with company match up to 5% after 12 months of service
Employee stock purchase plan
Life and disability insurance, plus buy-up option
Flexible Spending Accounts
Annual incentive plans
Matching gifts program
Education assistance through MyQuest for Education
Career advancement opportunities