Laboratory Corporation of America Holdings · Burlington, NC United States ·(NYSE: LH)
Company Description
Phone: 336-229-1127
Fax: 336-436-1205
Rankings
- S&P 500
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This company pricks and prods for profit. Laboratory Corporation of America Holdings (LabCorp) is one of the top providers of clinical laboratory services in the world. LabCorp performs tests on more than 440,000 patient specimens each day on behalf of managed care organizations, hospitals, doctors, government agencies, drug companies, and employers. Its services range from routine urinalyses, HIV tests, and Pap smears to specialty testing for diagnostic genetics, oncology diagnosis and monitoring, infectious diseases, clinical drug trials, and allergies. LabCorp operates some 1,600 service sites across the US that collect patient specimens and ship them to its 35 primary laboratories where tests are performed. To read the full description, subscribe now.
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Key Laboratory Corporation of America Holdings Financials
| Company Type | Public - NYSE: LH Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $4,505.2 |
| 2008 Employees | 28,000 |
Laboratory Corporation of America Holdings Executives
19 executives listed for Laboratory Corporation of America Holdings's Burlington, NC location.
| Title | Name & Bio | Contact |
| Chairman and CEO | David King | Network |
| EVP, CFO, and Treasurer | William Hayes | Network |
| SVP and CIO | Lidia Fonseca | Network |
Competition
Competitive Landscape for Laboratory Corporation of America Holdings
Demand is linked to the number of people receiving medical treatment. The profitability of individual companies depends on efficient operations and good marketing. There are large economies of scale in the operation of medical labs, which can receive samples from a wide geographical area. Small medical labs can compete effectively by providing specialized analyses, or by serving geographical regions with few medical facilities. Imaging centers don't have similar economies of scale because they must be located close to patients, so small firms can compete effectively with large ones in a particular area. The industry is fairly labor-intensive: annual revenue per worker is $140,000. To read the full description, subscribe now.Top Laboratory Corporation of America Holdings Competitors
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