LabCorp

LabCorp is a life science company that provides medical laboratory and genomic testing services. Read more

3,872 Followers on Owler
3,872 Followers on Owler
3,872 Followers on Owler
3,872 Followers on Owler

LabCorp

LabCorp is a life science company that provides medical laboratory and genomic testing services. Read more

Adam H. Schechter's photo - Chairman & CEO of LabCorp

Chairman & CEO

Adam H. Schechter

CEO Approval Rating

77/100

Founded:

1905

Status:

PublicIndependent CompanyNYSELH

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Medpace is LabCorp's top competitor. Medpace was founded in 1992 in Cincinnati, Ohio. Medpace competes in the Medical Research & Laboratories field. Medpace generates $411.5M less revenue than LabCorp.

Syneos Health is perceived as one of LabCorp's biggest rivals. Syneos Health's headquarters is in Morrisville, North Carolina, and was founded in 1999. Syneos Health is in the Pharmaceuticals industry. Syneos Health generates 330% of LabCorp's revenue.

Parexel is one of LabCorp's top competitors. Parexel is a Private company that was founded in Newton, Massachusetts in 1982. Like LabCorp, Parexel also operates in the Medical Research & Laboratories industry. Parexel has 41,000 fewer employees vs. LabCorp.

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LabCorp Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$1.3B

LabCorp's revenue is the ranked 7th among it's top 10 competitors. The top 10 competitors average 4.7B. Over the last three quarters, LabCorp's revenue has grown by 50.3%. Specifically, in Q1 2021's revenue was $4.2B; in Q3 2020, it was $3.9B; in Q2 2020, it was $2.8B.

LabCorp Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

Autoimmune Business Unit and Vectra Rheumatoid Arthritis Assay, Myriad Genetics

May 2021

Source »
undisclosed
-

-

Clinical Ambulatory Laboratory Business, Franciscan Missionaries of Our Lady Health System

Sep 2020

Source »
undisclosed
-

-

Diagnostic Clinical Laboratory Testing Business - South Bend Medical Foundation

Oct 2019

Source »
undisclosed
-

-

Global Nonclinical Contract Research Business, Envigo

Jun 2019

Source »
undisclosed
-
Sciformix Corporation

Jun 2018

Source »
undisclosed
Sciformix is a scientific process outsourcing company that provides process, technology and consulting services to the life sciences industry.

These are all the companies that LabCorp has acquired. LabCorp has acquired 23 companies and its latest acquisition was Autoimmune Business Unit and Vectra Rheumatoid Arthritis Assay, Myriad Genetics in May 2021.

LabCorp Funding History

No recent funding data found related to LabCorp

LabCorp Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

AAD develops and provides on-farm diagnostic test tools for livestock producers to detect subclinical mastitis in animals.
$7M
May 11, 2021
Equity
-
TrakCel is a cellular orchestration platform that provides therapeutic supply chain management solutions for biotechnology and pharmaceutical sectors.
-
Mar 02, 2021
Corporate Round
-
Dorsata is a SaaS-based platform that offers maternity care management solutions for hospitals and healthcare providers.
$5.2M
Apr 08, 2020
Series A
-
Sera Prognostics is a Utah-based women health company that develops diagnostic test kits to predict and manage preterm birth, preeclampsia and pregnancy complications.
$36M
Nov 12, 2019
Series D
-
PathAI is an AI-based platform that develops pathology research solutions to treat and diagnose cancer and infectious diseases.
-
Jul 24, 2019
Equity
-

These are all the companies that LabCorp has invested in. LabCorp has invested 23 companies and its latest investment was Autoimmune Business Unit and Vectra Rheumatoid Arthritis Assay, Myriad Genetics in May 2021.

LabCorp News

May 4, 2021The Business Journals: Greensboro/Winston-Salem/High Point

LabCorp acquires autoimmune testing business from Myriad Genetics

"We've always said that acquiring local laboratories or hospital laboratories or regional laboratorie... See more »
May 4, 2021Pharmabiz

Labcorp introduces novel, noninvasive diagnostic test for NASH, NASHnext in US & Canada

GENFIT, a late─stage biopharmaceutical company, announced the launch of NASHnext, a novel, noninvasiv... See more »
May 4, 2021The Business Journals: Raleigh/Durham

Coming off strong earnings, LabCorp buys autoimmune testing business

"We've always said that acquiring local laboratories or hospital laboratories or regional laboratorie... See more »
April 30, 2021MarketScreener

Labcorp Announces 2021 First Quarter Results Company Raises Full Year Guidance

(marketscreener.com) Labcorp Announces 2021 First Quarter Results Company Raises Full Year Guidance •... See more »
April 29, 2021The Business Journals: Greensboro/Winston-Salem/High Point

With strong Q1 performance, Labcorp CEO predicts the biotech giant will look to acquire other labs

Labcorp CEO Adam Schechter predicts acquisitions in the biotech behemoth's future: "We'll look for op... See more »
April 29, 2021FierceBiotech

LabCorp, still riding the COVID-19 testing wave, exceeds its own expectations with $4.2B Q1 revenue

LabCorp, still riding the COVID-19 testing wave, exceeds its own expectations with $4.2B Q1 revenue a... See more »
April 22, 2021Pharmabiz

Labcorp introduces Covid19 PCR Test Home Collection Kit for fast, convenient, and reliable testing for small companies to return to work

Labcorp, a leading global life sciences company, announced the availability of the Pixel by Labcorp C... See more »

LabCorp Press Releases

March 8, 2021PRWeb

PathAI and Labcorp Broaden Strategic Collaboration to Accelerate Use of AI-Powered Pathology

Integrating AI-Powered Pathology into Drug Development and Clinical Testing of Oncology and Other Dis... See more »
March 8, 2021Korea Newswire

TrakCel Fuels Growth and Increased Market Access Through Strategic Investment Round

TrakCel, a leading supplier of cellular orchestration solutions supporting the cell and gene therapy ... See more »
February 24, 2021StreetInsider

Walgreens to Make Pixel by Labcorp COVID-19 PCR Test Home Collection Kit Available Over-The-Counter at Stores Nationwide

Kit to be available for purchase at Walgreens without a prescription and will allow for greater acces... See more »
February 23, 2021Business Wire

Labcorp is Scheduled to Speak at Citi's 2021 Healthcare Services, Medtech, Tools, & HCIT Virtual Conference

BURLINGTON, N.C.--(BUSINESS WIRE)--Labcorp (NYSE: LH), a leading global life sciences company, today ... See more »
January 6, 2021StreetInsider

Brian Caveney, Chief Medical Officer and President of Labcorp Diagnostics, Named to Modern Healthcare's 100 Most Influential People in Healthcare

BURLINGTON, N.C.--(BUSINESS WIRE)-- Labcorp (NYSE: LH), a leading global life sciences company, today... See more »
January 5, 2021Business Wire

Labcorp Is Scheduled to Virtually Participate at the 39th Annual J.P. Morgan Healthcare Conference

BURLINGTON, N.C.--(BUSINESS WIRE)--Labcorp (NYSE: LH), a leading global life sciences company, today ... See more »
December 23, 2020PRZOOM

Covance, LabCorp's Drug Development Business, Acclaimed by Frost & Sullivan for its Unmatched Breadth of Services to Support Clinical Trials

PRZOOM - Newswire (press release) - Wed, 23 Dec 2020 00:00:00 -0500, Santa Clara CA United States - C... See more »

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LabCorp Headquarters

531 South Spring Street

Burlington, North Carolina27215

877-234-4722

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LabCorp Summary

ABOUT

Overview

LabCorp is a life science company that provides medical laboratory and genomic testing services. LabCorp was founded in 1905. LabCorp's headquarters is located in Burlington, North Carolina, USA 27215. LabCorp's Chairman & CEO, Adam H. Schechter, cur...

CEO

LabCorp's Chairman & CEO, Adam H. Schechter, currently has an approval rating of 77%. LabCorp's primary competitors are Medpace, Syneos Health & Parexel.

Website

labcorp.com

Frequently Asked Questions about LabCorp

  1. When was LabCorp founded?

    LabCorp was founded in 1905
  2. Who is LabCorp's CEO?

    LabCorp's CEO is Adam H. Schechter
  3. How much revenue does LabCorp generate?

    LabCorp generates $1.3B in revenue
  4. How much funding does LabCorp have?

    LabCorp has historically raised $0 in funding
  5. Where is LabCorp's headquarters?

    LabCorp's headquarters is in Burlington North Carolina, USA
  1. How many employees does LabCorp have?

    LabCorp has 61,000 employees
  2. What sector does LabCorp operate in?

    LabCorp is in Medical Research & Laboratories
  3. Who are LabCorp's competitors?

    LabCorp's top competitors are Medpace, Syneos Health, Parexel
  4. Who has LabCorp invested in?

    LabCorp's has invested in companies such as Advanced Animal Diagnostics, TrakCel, Dorsata