Bio-Reference Laboratories

BioReference is the third largest full service clinical diagnostic laboratory in the U.S. providing testing and related services to physician offices, clinics, hospitals, long term care facilities, employers, governmental units and correctional institutions. We offer a comprehensive test list focusing on molecular diagnostics, anatomical pathology, genetics, and women’s health. Moreover, through its GeneDx subsidiary, BioReference has an international presence in more than 50 countries around the world. Our client retention is unparalleled in the industry because we are much more than just the provider of quality diagnostics. We have grown primarily as a result of our differentiating business model which is both physician-centric – providing superior service and support – and clinically relevant – providing innovative and disruptive technology to improve patient outcomes. What makes us different from other labs is the added value we bring through personal attention and professional support and the effort we make to understand our clients’ needs. Our success comes from helping clinicians deliver premium services to the patients in their care – through a full menu of cost–conscious testing options and cutting edge technologies with clinically–relevant results, all in a medically and fiscally responsible manner. In addition, BioReference has pioneered the development of business solutions for our clients, providing data and analytics to help them operate at their fullest potential. The Laboratory services multiple markets through several specialized business units, each with its own dedicated sales team and highly-trained support personnel. These include women’s health, oncology, genetics and a lab division focused exclusively on the nation’s expanding Spanish-speaking populations.
Type
Subsidiary
Parent Company
Opko Health
HQ
Elmwood Park, US
Founded
1981
Bio-Reference Laboratories was founded in 1981 and is headquartered in Elmwood Park, US

Bio-Reference Laboratories Office Locations

Bio-Reference Laboratories has an office in Elmwood Park
Elmwood Park, US (HQ)
481 Corporate Dr

Bio-Reference Laboratories Data and Metrics

Bio-Reference Laboratories Summary

Founding Date

1981
Bio-Reference Laboratories is a subsidiary of Opko Health

Bio-Reference Laboratories Financial Metrics

USDFY, 2013FY, 2014

Cash

18 m17.5 m

Inventories

19.1 m20.8 m

Current Assets

294.9 m351.8 m

Total Assets

421.5 m478.9 m

Accounts Payable

61.6 m71.2 m

Current Liabilities

133.8 m144.6 m

Non-Current Liabilities

16.2 m15.4 m

Total Liabilities

149.9 m160 m

Additional Paid-in Capital

39.4 m40 m

Retained Earnings

231.9 m278.6 m

Total Equity

271.6 m318.9 m

Financial Leverage

1.6 x1.5 x
USDFY, 2013FY, 2014

Net Income

45.8 m46.8 m

Depreciation and Amortization

19.7 m25.2 m

Accounts Receivable

(91 m)(51 m)

Inventories

(4.2 m)(1.7 m)

Long-term Borrowings

(464 k)(494 k)

Interest Paid

1.5 m2.4 m

Income Taxes Paid

44.3 m36.5 m

Bio-Reference Laboratories Online and Social Media Presence

Bio-Reference Laboratories Company Life and Culture

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