Labcorp

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. As of 2018, Labcorp processes 2.5 million lab tests weekly.

Laboratory Corporation of America Holdings
Company typePublic
NYSE: LH
S&P 500 Component
IndustryHealth care
FoundedSeptember 5, 1978 (1978-09-05) (as Roche BioMedical)
FounderMatthew Benger
Headquarters
Key people
Adam H. Schechter (President, Chief Executive Officer)
ServicesClinical laboratory
Revenue
  • US$ 16.12 billion (2021)
  • US$ 3.26 billion (2021)
  • US$ 2.38 billion (2021)
Total assets
  • US$ 20.30 billion (2021)
Total equity
  • US$ 10.27 billion (2021)
Number of employees
over 75,500 (2021)
Websitewww.labcorp.com

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.

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, 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.

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.

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. Prior to the acquisition of PC-12 aircraft Labcorp utilized seven PA-31-350's.

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