Laboratory Corporation of America Holdings

OverviewSuggest Edit

Laboratory Corporation of America Holdings operates as an independent clinical laboratory company. It offers a range of clinical laboratory tests used by hospitals, physicians and other healthcare providers and commercial clients to assist in the diagnosis, monitoring and treatment of diseases and medical conditions through the examination of substances in blood, tissues, and other specimens. The Company also provides specialty testing services in the areas of women's health, allergy, diagnostic genetics, cardiovascular disease, infectious disease, endocrinology, oncology, coagulation, pharmacogenetics, toxicology, medical drug monitoring, and pain management, as well as esoteric testing, cancer diagnostics, and other complex procedures. In addition, it provides drug development solutions and laboratory testing services.

TypePublic
Founded1976
HQBurlington, US
Websitelabcorp.com

Latest Updates

Employees (est.) (Dec 2018)61,000(+2%)
Job Openings412
Revenue (FY, 2016)$9.6 B(+12%)
Share Price (Jun 2019)$167.4

Key People/Management at Laboratory Corporation of America Holdings

David P. King

David P. King

Chairman and Chief Executive Officer
Glenn A. Eisenberg

Glenn A. Eisenberg

Executive Vice President and Chief Financial Officer
Lance V. Berberian

Lance V. Berberian

Senior Vice President and Chief Information Officer
Lisa J. Uthgenannt

Lisa J. Uthgenannt

Chief Human Resources Officer
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Laboratory Corporation of America Holdings Office Locations

Laboratory Corporation of America Holdings has offices in Burlington, Lakewood, Maumee, Berkeley and in 134 other locations
Burlington, US (HQ)
531 S Spring St
Albany, US
Albany, NY, USA
Amargosa Valley, US
Amargosa Valley, NV 89020, USA
Arlington, US
Arlington County, Arlington, VA, USA
Ashburn, US
Ashburn, VA, USA
Atlanta, US
Atlanta, GA, USA
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Laboratory Corporation of America Holdings Financials and Metrics

Laboratory Corporation of America Holdings Revenue

Laboratory Corporation of America Holdings's revenue was reported to be $9.64 b in FY, 2016 which is a 11.1% increase from the previous period.
USD

Market capitalization (10-Jun-2019)

16.5b

Closing stock price (10-Jun-2019)

167.4
Laboratory Corporation of America Holdings's current market capitalization is $16.5 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

5.8b6.0b8.7b9.6b

Revenue growth, %

4%44%11%

Cost of goods sold

3.6b3.8b5.8b6.5b

Gross profit

2.2b2.2b2.9b3.2b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2018

Revenue

1.5b1.4b1.5b1.6b1.8b2.3b2.3b2.4b2.4b2.4b2.5b

Cost of goods sold

914.6m913.9m947.8m980.6m1.2b1.5b1.6b1.6b1.7b

Gross profit

547.6m516.8m568.6m571.2m596.0m774.6m762.9m788.4m861.8m

Gross profit Margin, %

37%36%37%37%33%34%33%33%34%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

404.0m580.0m716.4m433.6m

Accounts Receivable

784.7m815.7m1.2b1.3b

Inventories

136.5m139.5m191.0m205.2m

Current Assets

1.4b1.7b2.6b2.5b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

174.1m338.9m479.5m575.7m446.4m619.0m713.0m567.6m299.9m

Current Assets

1.2b1.4b1.6b1.7b2.3b2.6b2.7b2.5b2.5b

PP&E

672.6m733.1m741.2m754.7m1.6b1.8b1.7b1.7b1.7b

Total Assets

6.7b7.0b7.1b7.2b14.2b14.5b14.2b14.5b14.4b14.9b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

575.4m438.7m733.2m512.6m

Inventories

(15.3m)(200.0k)(9.6m)(300.0k)

Accounts Payable

60.8m30.7m(8.7m)(21.2m)

Cash From Operating Activities

818.7m982.4m1.2b739.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

148.7m141.7m137.5m1.0m170.3m359.0m548.6m192.5m381.4m

Depreciation and Amortization

223.1m368.9m128.1m255.1m

Inventories

9.5m(4.8m)4.9m(700.0k)

Cash From Operating Activities

309.8m123.0m727.0m233.8m544.5m522.0m819.0m
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Laboratory Corporation of America Holdings Operating Metrics

FY, 2016

Countries

60

Patient Service Centers

1.75 k
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Laboratory Corporation of America Holdings Revenue Breakdown

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Laboratory Corporation of America Holdings revenue breakdown by business segment: 69.9% from LCD and 30.1% from CDD

Laboratory Corporation of America Holdings Online and Social Media Presence

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Laboratory Corporation of America Holdings News and Updates

Faruqi & Faruqi, LLP is Investigating Laboratory Corporation of America Holdings (LH) on Behalf of its Shareholders

NEW YORK, June 6, 2019 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential misconduct at Laboratory Corporation of America Holdings ("LabCorp" or the "Company") (NYSE:LH). The investigation focuses on whether the Company's Board of...

New Study Focusing on Healthcare Contract Research Outsourcing Market by 2023: Competition Status, Emerging Trends, Growth Factors and Key Players Like IQVIA, PRA Health Sciences, Inc., ICON PLC, and Laboratory Corporation of America Holdings, PAREXEL Int

The Healthcare Contract Research Outsourcing Market report provides complete insights of the market by segmenting the market. Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Esoteric Testing Market Analysis and Forecasts Report 2018-2025 Featuring Key Players - Laboratory Corporation of America Holdings & Quest Diagnostics Incorporated

DUBLIN, Nov. 27, 2018 /PRNewswire/ -- The "Esoteric Testing Market to 2025 - Global Analysis and Forecasts by Technology, Test Type, End User and Geography" report has been added to ResearchAndMarkets.com's offering. The market is expected to reach US$ $ 45,081.6 Mn in 2025 from US$...

Laboratory Corporation of America Holdings Blogs

AMCA DATA SECURITY INCIDENT

Headline (H2):  Information for LabCorp Patients and Providers Intro:  AMCA DATA SECURITY INCIDENT Description:  Updated June 7, 2019 at 11:00 a.m. – On June 4, 2019, LabCorp announced that it has been notified by American Medical Collection Agency (AMCA) about unauthorized activity on an AMCA in…

LabCorp is a UnitedHealthcare Preferred Laboratory Network Provider

Headline (H2):  LabCorp is a UnitedHealthcare Preferred Laboratory Network Provider Intro:  Preferred Lab Network (PLN) Established for UnitedHealthcare Members and Providers Description:  LabCorp’s selection to join the PLN reflects LabCorp’s demonstrated commitment to provide high-quality, high…

LabCorp acquired Medical Neurogenetics (MNG) Laboratories

Headline (H2):  LabCorp acquired Medical Neurogenetics (MNG) Laboratories Intro:  NEUROLOGISTS NOW HAVE A SINGLE-SOURCE LABORATORY SOLUTION Description:  On March 1, 2019, LabCorp acquired Medical Neurogenetics (MNG) Laboratories. By adding MNG’s capabilities in neurology and neurogenetics to Lab…

World’s Most Admired Companies

Headline (H2):  LabCorp Named to FORTUNE Magazine's 2019 List of World’s Most Admired Companies Intro:  World’s Most Admired Companies Description:  LabCorp has been named to FORTUNE magazine's 2019 List of World’s Most Admired Companies, making the annual list for the second consecutive year. Th…

LabCorp In Network for All Major National Plans

Headline (H2):  LabCorp is now in-network for all major national plans Intro:  Providing more access for patients Description:  Effective January 1, 2019, LabCorp is in-network for all major national plans, as a preferred national in-network provider of laboratory services for all commercial and …

Mobile Check-in Now Available

Headline (H2):  Mobile Check-in Now Available Intro:  FAST. EASY. CONVENIENT. Description:  Upon arrival at your lab location, select the "I am here" button found on the confirmation screen from your mobile device. CTA Text:  Learn More CTA URL:  labcorp-precheck-mobile-check-now-available …
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Laboratory Corporation of America Holdings Frequently Asked Questions

  • When was Laboratory Corporation of America Holdings founded?

    Laboratory Corporation of America Holdings was founded in 1976.

  • Who are Laboratory Corporation of America Holdings key executives?

    Laboratory Corporation of America Holdings's key executives are David P. King, Glenn A. Eisenberg and Lance V. Berberian.

  • How many employees does Laboratory Corporation of America Holdings have?

    Laboratory Corporation of America Holdings has 61,000 employees.

  • Who are Laboratory Corporation of America Holdings competitors?

    Competitors of Laboratory Corporation of America Holdings include Quest Diagnostics, Biohit and Dianon Systems.

  • Where is Laboratory Corporation of America Holdings headquarters?

    Laboratory Corporation of America Holdings headquarters is located at 531 S Spring St, Burlington.

  • Where are Laboratory Corporation of America Holdings offices?

    Laboratory Corporation of America Holdings has offices in Burlington, Lakewood, Maumee, Berkeley and in 134 other locations.

  • How many offices does Laboratory Corporation of America Holdings have?

    Laboratory Corporation of America Holdings has 138 offices.