About LabCorp
LabCorp is a company based in Burlington (United States) founded in 1969 by Matthew Benger.. The company has 70,000 employees as of December 31, 2024. LabCorp has completed 32 acquisitions, including BioDiagnostics, Bode Technology and Chiltern International. LabCorp offers products and services including Lab Testing and OnDemand Testing. LabCorp operates in a competitive market with competitors including Charles River Laboratories, Bright Horizons Family Solutions, Cytel, Precision Medicine Group and Frontage Laboratories, among others.
- Headquarter Burlington, United States
- Employees 70000 as on 31 Dec, 2024
- Founders Matthew Benger
- Stage Public
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Sectors
Business ServicesHealthcare
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Phone
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Website
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Social
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- Legal Name Labcorp Holdings Inc.
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Annual Revenue
$13.01 B6.97as on Dec 31, 2024
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Net Profit
$746 M78.47as on Dec 31, 2024
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EBITDA
$2.04 B19.55as on Dec 31, 2024
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Latest Funding Round
$347 K (USD), Post-IPO
Feb 15, 2025
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Investors
European Union
& 3 more
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Employee Count
70000
as on Dec 31, 2024
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Investments & Acquisitions
BioDiagnostics
& 31 more
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IPO & Listings of LabCorp
LabCorp is a publicly listed company on the NYSE with ticker symbol LH in USA, operating in the Health services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of LabCorp
LabCorp offers a comprehensive portfolio of products and services, including Lab Testing and OnDemand Testing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers medical diagnostics and health testing for various conditions.
Provides self-ordered tests for personal health monitoring.
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Software Development Team
172 people
Leadership Team
143 people
Sales and Marketing
52 people
Product Management Team
38 people
Human Resources and Administration
36 people
Operations Team
33 people
Data Analysis and Operations Team
32 people
Senior Team
29 people
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Funding Insights of LabCorp
- Total Funding Total Funding
- Total Rounds 8
- Last Round Post-IPO — $347,000
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First Round
First Round
(19 Sep 2001)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2025 | Amount | Post-IPO - LabCorp | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - LabCorp | Valuation |
investors |
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| Oct, 2019 | Amount | Post-IPO - LabCorp | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LabCorp
LabCorp has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include European Union, Mill Creek Capital Advisors and The MassMutual Trust Company, F.S.B.. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Wealth advisory and investment services are provided by Mill Creek.
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Founded Year | Domain | Location | |
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Investment firm specializing in active shareholder engagement and value creation strategies.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LabCorp
LabCorp has strategically engaged in corporate development activities, having acquired 32 companies. Notable acquisitions include BioDiagnostics, Bode Technology and Chiltern International. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Comprehensive toxicology research and testing services are provided.
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2012 | ||||
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Mobile applications for women's and family health are provided.
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2012 | ||||
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Scientific equipment and supplies are distributed online by FirstSource.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LabCorp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Labcorp Comparisons
Competitors of LabCorp
LabCorp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Charles River Laboratories, Bright Horizons Family Solutions, Cytel, Precision Medicine Group and Frontage Laboratories, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of drug discovery and preclinical development services
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| domain | founded_year | HQ Location |
Early education and child care services are provided globally.
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| domain | founded_year | HQ Location |
Data analysis and statistical solutions are provided for life sciences.
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| domain | founded_year | HQ Location |
Provider of clinical research, development, and commercialization services for life sciences
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| domain | founded_year | HQ Location |
Early drug development services are provided for pharma firms.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Labcorp
Frequently Asked Questions about LabCorp
When was LabCorp founded?
LabCorp was founded in 1969 and raised its 1st funding round 32 years after it was founded.
Where is LabCorp located?
LabCorp is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Who is the current CEO of LabCorp?
Adam Schechter is the current CEO of LabCorp.
How many employees does LabCorp have?
As of Dec 31, 2024, the latest employee count at LabCorp is 70,000.
What is the annual revenue of LabCorp?
Annual revenue of LabCorp is $13.01B as on Dec 31, 2024.
What does LabCorp do?
Founded in 1969 and headquartered in Burlington, United States, LabCorp operates in the healthcare sector with a focus on laboratory testing. Services encompass routine analyses like blood counts and cholesterol levels, as well as complex diagnostics for genetic disorders, cancer, and rare diseases. These are delivered to physicians, hospitals, managed care organizations, employers, military and law enforcement entities, and pharmaceutical firms. Annual revenues reached 14.76 billion in 2022.
Who are the top competitors of LabCorp?
LabCorp's top competitors include Charles River Laboratories, Cytel and Precision Medicine Group.
What products or services does LabCorp offer?
LabCorp offers Lab Testing and OnDemand Testing.
Is LabCorp publicly traded?
Yes, LabCorp is publicly traded on NYSE under the ticker symbol LH.
How many acquisitions has LabCorp made?
LabCorp has made 32 acquisitions, including BioDiagnostics, Bode Technology, and Chiltern International.
Who are LabCorp's investors?
LabCorp has 4 investors. Key investors include European Union, Mill Creek Capital Advisors, The MassMutual Trust Company, F.S.B., and JANA Partners.
What is LabCorp's ticker symbol?
The ticker symbol of LabCorp is LH on NYSE.
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