LabCorp - About the company
LabCorp is a public company based in Burlington (United States), founded in 1969 by . It operates as a Provider of laboratory tests for physicians. LabCorp has raised an undisclosed amount in funding. The company has 1511 active competitors, including 62 funded and 196 that have exited. Its top competitors include companies like Charles River Laboratories, Bright Horizons Family Solutions and Cytel.
Company Details
Labcorp is a provider of laboratory tests for physicians. It specializes in providing physicians with laboratory tests. They develop new tests that provide enhanced accuracy and additional clinical information. Their customers include physicians and their patients, hospitals and managed care plans, private employers, military and law enforcement agencies, and pharmaceutical and biotechnology companies. Services offered range from routine testing such as basic blood counts and cholesterol tests to highly complex methods that assist in diagnosing genetic conditions, cancer, and other rare diseases. In 2022, the company recorded annual revenues of $14.76B and a net profit of $1B.
- Website
- Social
- Registered Address
- Burlington, North Carolina
Key Metrics
Founded Year
1969
Location
Burlington, United States
Stage
Public
Latest Funding Round
Investors
Ranked
4th among
Annual Revenue
as on Dec 31, 2023
Employee Count
as on Dec 31, 2022
Investment & Acquisitions
Similar Companies
Exit Details
Public
Legal entities associated with LabCorp
LabCorp is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CIN: 920148 United States, Deadpooled | Mar 07, 1994 | $12.2B (as on Dec 31, 2023) | - | - |
CIN: 201673089 United States, Deadpooled | Dec 31, 2003 | - | 244 (as on Dec 31, 2019) | - |
May 06, 2019 | $5.47M (as on Mar 31, 2024) | 97 (as on Feb 29, 2024) | ||
CIN: 133757370 Belgium, Active | Dec 26, 999 | - | 9321 (as on Dec 31, 2022) | - |
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LabCorp's funding and investors
LabCorp has raised funding over 8 rounds. Its first funding round was on Sep 19, 2001. Its latest funding round was a Post IPO round on Feb 15, 2025 for $347K. 1 investor participated in its latest round, which include JANA Partners, and Mill Creek.
LabCorp has 4 institutional investors including JANA Partners, and Mill Creek.
Here is the list of recent funding rounds of LabCorp:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Feb 15, 2025 | $347K | Post IPO | 7844255 | 7523023 | |
Feb 16, 2021 | Undisclosed | Post IPO | 9346718 | 2206863 | |
Oct 14, 2019 | Undisclosed | Post IPO | 7952254 | 2281218 | - |
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LabCorp's founders and board of directors
The founders of LabCorp is . is the CEO of LabCorp.
Here are the details of LabCorp's key team members:
- : Founder of LabCorp.
- : CEO of LabCorp.
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LabCorp's employee count trend
LabCorp has 9,321 employees as of Dec 22. The total employee count is 7.0% lower than what it was in Dec 21. Here is LabCorp's employee count trend over the years:
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LabCorp's Competitors and alternates
Top competitors of LabCorp include Charles River Laboratories, Bright Horizons Family Solutions and Cytel. Here is the list of Top 10 competitors of LabCorp, ranked by 秘密研究所 score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st | Charles River Laboratories 1947, Wilmington (United States), Public | Provider of drug discovery and preclinical development services | - | , NIH听&补尘辫;听 | 73/100 |
2nd | Bright Horizons Family Solutions 1986, Watertown (United States), Public | Provider of early education and child care services | - | 68/100 | |
3rd | Cytel 1987, Cambridge (United States), Acquired | Provider of data analysis and statistical solutions for the life sciences industry | $2M | Merck, Autonomy Ventures听&补尘辫;听 | 66/100 |
4th |  LabCorp 1969, Burlington (United States), Public | Provider of laboratory tests for physicians | - | JANA Partners, 听&补尘辫;听 | 65/100 |
5th | Precision Medicine Group 2012, Bethesda (United States), Late Stage | Provider of discovery and development services for commercializing precision medicines | $532M | TPG, Oak Investment Partners听&补尘辫;听 | 64/100 |
6th | Frontage Laboratories 2001, Exton (United States), Public | CRO providing early drug development services | $10.2M | 58/100 | |
7th | Precision for Medicine 2013, Bethesda (United States), Late Stage | Company offering specialised R&D and clinical development services for the development of precision medicine based drugs and devices | $150M | TPG, Oak Investment Partners听&补尘辫;听 | 55/100 |
8th | Reliance Life Sciences 2001, Mumbai (India), Funding Raised | Provider of clinical research, regenerative medicine, and specialty pharmaceuticals | - | 54/100 | |
9th |  Rula 2019, Los Angeles (United States), Series A | Online platform offering mental health therapy services | $5.3M | Icon Ventures, Harmony Partners听&补尘辫;听 | 54/100 |
10th |  Tenpoint Therapeutics 2020, Cambridge (United Kingdom), Series A | Developer of engineered cell-based therapeutics to restore vision | $70M | F-Prime Capital, Sofinnova Partners听&补尘辫;听 | 53/100 |
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LabCorp's Investments and acquisitions
LabCorp has made 60 investments in companies including GeneCentric and Outcomes4Me. LabCorp has also acquired 35 companies including North Mississippi Health Services and Personal Genome. Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jun 18, 2025 | Investments | 2011 | Durham, United States | |
May 29, 2025 | Investments | 2017 | Cambridge, United States | |
May 01, 2025 | Investments | 2017 | Phoenix, United States |
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Reports related to LabCorp
Here is the latest report on LabCorp's sector:
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News related to LabCorp
Media has covered LabCorp for a total of 96 events in the last 1 year, 51 of them have been about company updates and 8 about partnerships.
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