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Laboratory Corporation of America Holdings (Labcorp), headquartered in Burlington, North Carolina, provides laboratory services used for diagnosis and healthcare decisions. [1] It operates one of the largest clinical laboratory networks in the world and has operations in over 100 countries; although its operations are primarily in the U.S. [ 1 ]
Total sales came in at $3.03 billion, largely in line with analysts' expectations. Labcorp expects 2024 total enterprise revenue to grow in the range of 4.7% to 6.5%. On an adjusted basis, it ...
In 2002, Laboratory Corporation of America (LabCorp) acquired Dynacare Laboratories—one of the Dynacare partners—for US$480-million, while also assuming Dynacare debt worth $205-million. [4] 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 ...
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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It serves patients, pathologists, and the public [1] by fostering and advocating best practices in pathology and laboratory medicine. [2] It is the world's largest association composed exclusively of pathologists certified by the American Board of Pathology, [3] and is widely considered