LabCorp

About

Labcorp specializes in providing physicians with laboratory tests.

Burlington,North Carolina,United States
10001 - max
https://www.labcorp.com/

Highlights

Details

Last Funding Type: Post-IPO Debt
Last Funding Money Raised: $850M
Industries: Biotechnology,Health Care,Hospital,Life Science,Medical
Founded date: Sep 5, 1978
Number Of Employee: 10001 - max
Operating Status: Active
Stock Symbol: nyse:LH
Legal Name: Laboratory Corporation of America

Labcorp 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.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

$850M

LabCorp has raised a total of $850M in funding over 2 rounds. Their latest funding was raised on Jun 4, 2019 from a Post-IPO Debt round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jun 4, 2019	Post-IPO Debt	$850M	—	—	—	Detail
Jul 15, 1988	IPO	—	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

36

8

LabCorp has made 36 investments. Their most recent investment was on Dec 12, 2022, when KIYATEC raised $18M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Dec 12, 2022 KIYATEC	Series C	$18M	Biotechnology	—
Aug 16, 2022 Prolocor	Seed	$3.20M	Biotechnology	—
Jun 1, 2022 Epic Sciences	Series F	$43M	Biotechnology	—
Feb 3, 2022 Getlabs	Series A	$20M	Health Care	—
Jan 19, 2022 Xcell Biosciences	Series B	$27.50M	Biotechnology	—

Employee Profiles

Number of Employee Profiles

57

LabCorp has 57 current employee profiles, including Executive Kelly Chun

Executive

Executive

Employee

Executive

Executive

Exits

LabCorp has had 3 exits. LabCorp most notable exits include Sera Prognostics , Vivify Health

Date	Company Name	Exit Type	Industry
Jul 14, 2021	Sera Prognostics	IPO	Biotechnology	Detail
Oct 30, 2019	Vivify Health	M&A	Health Care	Detail
Feb 15, 2018	Flatiron Health	M&A	Biotechnology	Detail

Acquisition

LabCorp has acquired 30 organizations. Their most recent acquisition was Allied Clinical Laboratories on Jun 23, 1994. They acquired Allied Clinical Laboratories for $204M.

Date Company Name	Industry	Acquisition Type	Price
Jun 23, 1994 Allied Clinical Laboratories	Health Care	acquisition	$ 204M	Detail
May 1, 2001 ViroMed Laboratories	Health Care	acquisition	—	Detail
May 1, 2001 Path Lab	Health Care	acquisition	—	Detail
Jul 25, 2002 Dynacare	Health Care	acquisition	—	Detail
Nov 11, 2002 Dianon Systems	Health Care	acquisition	$ 598M	Detail