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Laboratory Corporation of America Holdings
Labcorp logo updated December 2020
Company type
Public
Traded as
NYSE: LH
S&P 500 component
Industry
Health care
Founded
September 5, 1978; 45 years ago (1978-09-05) (as Roche BioMedical)
Founder
Matthew Benger
Headquarters
Burlington, North Carolina, U.S.
Key people
Adam H. Schechter (president and CEO)
Services
Clinical laboratory
Revenue
US$12.2 billion (2023)
Operating income
US$726 million (2023)
Net income
US$418 million (2023)
Total assets
US$16.7 billion (2023)
Total equity
US$7.88 billion (2023)
Number of employees
c. 67,000 (2023)
Website
labcorp.com
Footnotes / references [1]
Laboratory Corporation of America Holdings, more commonly known as Labcorp, is an American healthcare company headquartered in Burlington, North Carolina. It operates one of the largest clinical laboratory networks in the world, with a United States network of 36 primary laboratories. Before a merger with National Health Laboratory in 1995, the company operated under the name Roche BioMedical. Labcorp performs its largest volume of specialty testing at its Center for Esoteric Testing in Burlington, North Carolina, where the company is headquartered.[2][3] As of 2018, Labcorp processes 2.5 million lab tests weekly.[4]
Labcorp was an early pioneer of genomic testing using polymerase chain reaction (PCR) technology, at its Center for Molecular Biology and Pathology in Research Triangle Park, North Carolina, where it also performs other molecular diagnostics. It also does oncology testing, human immunodeficiency virus (HIV) genotyping and phenotyping.[2][3]
Labcorp also operates the National Genetics Institute, Inc. (NGI), in Los Angeles, California, which develops PCR testing methods.
Labcorp's ViroMed facility, originally in Minnetonka, Minnesota, until closing this site in 2013,[5] is now housed in Burlington and performs real-time PCR microbial testing using laboratory-developed assays.
Labcorp also provides testing in Puerto Rico and in three Canadian provinces.[2]
In February 2022, Labcorp announced that it has entered into agreements with Ascension, one of the nation’s leading Catholic and non-profit health systems, to manage Ascension’s hospital-based laboratories in 10 states and purchase select assets of the health system’s outreach laboratory business.[citation needed]
Labcorp (ICAO: SKQ, call sign: SKYLAB) utilizes a fleet of eight Pilatus PC-12 and a single Pilatus PC-24 aircraft on nightly runs from Burlington for use on the East Coast.[6] Prior to the acquisition of PC-12 aircraft Labcorp utilized seven PA-31-350's.
^"Laboratory Corp of America Holdings Annual Report for the Fiscal Year Ended December 31, 2023 (10-K)". U.S. Securities and Exchange Commission. February 26, 2024.
^ abcFull Description, Laboratory Corporation of America Hldg LH (NYSE), reuters.com
^ abLaboratory Corp of America Holdings · 8-K, SECInfo.com, Filed On 12/4/01, SEC File 1-11353, Accession Number 920148-1-500043
^"FBI Aware Of 'Reports Of Ransomware Attack' Involving Labcorp Security Breach". WFMY.
^Anderson, Jake (2013-05-08). "Minnetonka Lab Will Lay Off 79 Workers". Twin Cities Business Magazine. MSP Communications, Inc. Retrieved 2016-10-14.
^Williamson, Sarah N. (January 15, 2016). "Fatal 2013 plane crash in Burlington likely caused by pilot disorientation". Greensboro News & Record.
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AIR SASK Canada LVT La Valenciana Taxi Aéreo TAXIVALENCIANA Mexico SKQ Labcorp SKYLAB United States LAL Labrador Airways LAB AIR Canada N6 JEV Lagun Air...
testing Animal testing on non-human primates Animal testing regulations Labcorp Drug Development Great ape research ban Green Scare Huntingdon Life Sciences...
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v t e Contract research organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories...
v t e Contract research organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories...
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Clinical laboratory services includes large multinational corporations such LabCorp, Quest Diagnostics, and Sonic Healthcare but a significant portion of revenue...
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v t e Contract research organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories...
was discovered in crab-eating macaques from Hazleton Laboratories (now Labcorp Drug Development) in 1989. This attracted significant media attention due...
testing Animal testing on non-human primates Animal testing regulations Labcorp Drug Development Great ape research ban Green Scare Huntingdon Life Sciences...
v t e Contract research organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories...
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