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Laboratory Corporation of America Holdings (Labcorp), headquartered in Burlington, North Carolina, provides laboratory services used for diagnosis and healthcare decisions. [1] It operates one of the largest clinical laboratory networks in the world and has operations in over 100 countries; although its operations are primarily in the U.S. [ 1 ]
In 2002, Laboratory Corporation of America Holdings (LabCorp), a clinical lab provider based in the United States, acquired Dynacare Laboratories. [5] LabCorp purchased all of Dynacare's outstanding shares for US$480 million and assumed Dynacare's debt of US$205 million. [5] At the time of purchase, Dynacare medical laboratories provided ...
Quest Diagnostics Incorporated is an American clinical laboratory.A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. [3] Quest also maintains collaborative agreements with various hospitals and clinics across the globe.
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It was known as Hazleton from 1972 to 1990, Corning Lab Services from 1990 to 1996, Covance from 1996 to 2021, and Labcorp Drug Development from 2021 to 2023. History [ edit ]
In 2016, an estimated 60% of revenue was done by hospital labs, with 25% done by two independent companies (LabCorp and Quest). [24] Hospital labs may also outsource their lab, known as outreach, to run tests; however, health insurers may pay the hospitals more than they would pay a laboratory company for the same test, but as of 2016, the ...
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