Tuesday, August 11, 2015

Laboratory Corporation of America Holdings: One of the World’s Largest Operators of Laboratory Networks

Listed as a component of the Wilshire 5000 and the S&P 500 Indices, Laboratory Corporation of America Holdings is considered as one of the world’s largest operators of clinical laboratory networks. The business is commonly referred to as just LabCorp and is currently headquartered in Burlington, North Carolina.

In the United States alone, the company continues to operate a network of 36 primary laboratories. The company started out as the Roche BioMedical in 1978. The current business is the result of the merger of the latter with the National Health Laboratory in 1995. The company continues to offer leading-edge medical laboratory tests and services. The largest volume of its specialty testing is being conducted in its headquarters at the Center for Esoteric Testing.

On a daily basis, the company is able to conduct tests on more than 470,000 specimens. Applying its advanced expertise in medicine and in laboratory testing, the company continues to offer its customers accurate and efficient methods of reading and testing. LabCorp is best known for their expertise in clinical and anatomic pathology, esoteric testing and in genomics. The company was one of the pioneers in genomic testing using polymerase chain reaction (PCR) technology. Additionally, it continues to offer oncology testing, genotyping, phenotyping and tests for human immunodeficiency virus (HIV). The company has become the trusted name and partner in laboratory testing. Its products and services are offered to healthcare insurance carriers, patients and to healthcare providers. Regardless of the size of the needs for testing, the business has always been up to the challenge in providing their expertise.

Reportedly, the company has more than 220,000 corporate clients across the globe. Its operations are supported by their more than 48,000 employees. LabCorp continues to publicly trade on the New York Stock Exchange using the ticker symbol LH.

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