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 B (USD)6.97as on Dec 31, 2024
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Net Profit
$746 M (USD)78.47as on Dec 31, 2024
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EBITDA
$2.04 B (USD)19.55as 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.
Offers medical diagnostics and health testing for various conditions.
Provides self-ordered tests for personal health monitoring.
People of LabCorp
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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
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.
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Wealth advisory and investment services are provided by Mill Creek.
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Investment firm specializing in active shareholder engagement and value creation strategies.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Investor details for LabCorp
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Verified entity values are shown only after access is granted.
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.
Investment portfolio details for LabCorp
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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Comprehensive toxicology research and testing services are provided.
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Mobile applications for women's and family health are provided.
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Scientific equipment and supplies are distributed online by FirstSource.
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Complete acquisition details for LabCorp
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Financial Statements - LabCorp
Detailed financials for LabCorp
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- Profit trends
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Labcorp Comparisons
Peer comparison for LabCorp
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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.
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Provider of drug discovery and preclinical development services
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Early education and child care services are provided globally.
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Data analysis and statistical solutions are provided for life sciences.
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Provider of clinical research, development, and commercialization services for life sciences
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Early drug development services are provided for pharma firms.
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Detailed competitors of LabCorp
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Latest news on Labcorp
Complete news archive for LabCorp
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Frequently Asked Questions about LabCorp
LabCorp was founded in 1969 and raised its 1st funding round 32 years after it was founded.
LabCorp is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Adam Schechter is the current CEO of LabCorp.
As of Dec 31, 2024, the latest employee count at LabCorp is 70,000.
Annual revenue of LabCorp is $13.01B as on Dec 31, 2024.
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.
LabCorp's top competitors include Charles River Laboratories, Cytel and Precision Medicine Group.
LabCorp offers Lab Testing and OnDemand Testing.
Yes, LabCorp is publicly traded on NYSE under the ticker symbol LH.
LabCorp has made 32 acquisitions, including BioDiagnostics, Bode Technology, and Chiltern International.
LabCorp has 4 investors. Key investors include European Union, Mill Creek Capital Advisors, The MassMutual Trust Company, F.S.B, and JANA Partners.
The ticker symbol of LabCorp is LH on NYSE.