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a former PAML location acquired by LabCorp in the 2017. In September 2010, Labcorp acquired Genzyme Genetics, formerly a division of Genzyme Corporation, with 9 testing laboratories and approximately 1,900 employees, for $925 million in cash. [36] In February 2011, Labcorp acquired the assets of bankrupt Westcliff Medical Laboratory.
In June 2021, the company changed its name to Labcorp Drug Development. [55] In February 2023, the company was renamed Fortrea Holdings. [56] In July 2023, Labcorp completed the corporate spin-off of the company. [57] In June 2024, the company sold its Endpoint Clinical and Fortrea Patient Access businesses to Arsenal Capital Partners. [58]
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By 2002, Dynacare, just before LabCorp's takeover, had become the largest central clinical laboratory in western Canada, with a revenue in 2001 of $402.4-million and a profit of $11.7-million. [ 5 ] By June 2020, Dynalife was operating 36 private laboratories in the Edmonton area and northern Alberta and had a contract with the Alberta ...
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