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Labcorp has been criticized over faulty paternity tests, many of which have resulted in lawsuits. The most notable case was the 2005 false accusation of Washington hairdresser Andre Chreky, who spent $200,000 and years in court proving, despite a false-positive test, that he was not the father.
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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The chains have been closing money-losing stores and transferring prescription files to more profitable locations. Nearly 30% of US drugstores closed in one decade, study shows Skip to main content
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In June 2021, the company changed its name to Labcorp Drug Development. [55] In February 2023, the company was renamed Fortrea Holdings. [56] In July 2023, Labcorp completed the corporate spin-off of the company. [57] In June 2024, the company sold its Endpoint Clinical and Fortrea Patient Access businesses to Arsenal Capital Partners. [58]
FTRE was spun off from Labcorp and replaced SENEA which was no longer representative of the small-cap market space. [51] July 3, 2023: PHIN: PHINIA: LOCO: El Pollo Loco: PHIN was spun off from BorgWarner and replaced LOCO which was no longer representative of the small-cap market space. [51] June 23, 2023: ABR: Arbor Realty Trust: ROCC: Ranger Oil
By 2002, Dynacare, just before LabCorp's takeover, had become the largest central clinical laboratory in western Canada, with a revenue in 2001 of $402.4-million and a profit of $11.7-million. [ 5 ] By June 2020, Dynalife was operating 36 private laboratories in the Edmonton area and northern Alberta and had a contract with the Alberta ...
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