Laboratory Corporation of America Holdings: Business Overview, Financials & Competitive Analysis
LabCorp provides laboratory services through two segments: Diagnostics Laboratories and Biopharma Laboratory Services. The company is a global life sciences leader that operates a broad network of laboratories, patien...
Cyborg Score thesis
Market-leading diagnostics provider with strong earnings growth, solid analyst coverage, and strategic positioning in high-demand...
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Get Current Report FreeLaboratory Corporation of America Holdings Overview
Pro stress-test →LabCorp provides laboratory services through two segments: Diagnostics Laboratories and Biopharma Laboratory Services. The company is a global life sciences leader that operates a broad network of laboratories, patient service centers and specialty testing sites to deliver diagnostic information and testing solutions supporting patient care and clinical decision-making.
Strategic Profile
Pro stress-test →The company offers various tests including blood chemistry analyses, urinalyses, blood cell counts, thyroid, PAP, hemoglobin A1C, prostate-specific antigens, sexually transmitted diseases, and substance-abuse tests. It serves pharmaceutical, biotechnology, medical device companies, MCOs, employer plans, health insurance providers, hospitals, healthcare providers, and patients.
Competitive Landscape
Pro stress-test →Main competitor is Quest Diagnostics (DGX) with market cap of $20.259B, both operating in Diagnostics & Research industry. LabCorp's diversified services across diagnostic testing and biopharma services provide broader market reach than pure-play diagnostics competitors.
Industry Context
Laboratory Corporation of America Holdings operates in Clinical Laboratory Services & Diagnostics.
Key facts
Founded: 1995 · Headquarters: Burlington, North Carolina, US · Employees: 70,000 · Revenue: $13.76B · Market cap: $22.7B