Laboratory Corporation of America Holdings

Public Company, Headquarters Location
358 S Main St., Burlington, NC 27215-5837, United States
(336)229-1127, http://www.labcorp.com

Primary SIC: Medical Laboratories, Primary NAICS: Medical Laboratories
Description: Laboratory Corporation of America Holdings was founded in 1971. LabCorp and its subsidiaries operate as an independent clinical laboratory company. All activities are reported in one business segment. Through its national network of laboratories, the company provides clinical laboratory tests used by the medical profession in routine testing, patient diagnosis and in the monitoring and treatment of disease. In addition, the company has specialty testing businesses, such as oncology testing, HIV genotyping and phenotyping, diagnostic genetics and clinical trials. Its clients include physicians, hospitals, managed care organizations, governmental agencies, employers, pharmaceutical companies and other independent clinical laboratories. The company's clinical laboratory testing services are offered in all 50 states, the District of Columbia, Puerto Rico, Belgium and three provinces in Canada. As of December 2008, LabCorp had a network of 36 primary laboratories and more than 1,600 patient service centers along with a network of branches and STAT laboratories, most of them on leased property. The company owns a common laboratory system and a common billing system based in Burlington, North Carolina. Acquisitions by the company include National Genetics Institute, Inc. in 2000; Viro-Med Laboratories, Inc. in 2001; DIANON Systems. Inc. in 2003; US LABS and Esoterix in 2005; Litholink Corporation in 2006; and Tandem Labs in 2008 along with additional partnership units in its Ontario, Canada joint venture.Services: Clinical laboratory services. Finance: Holding company for disease research and development testing laboratories.