Company Overview Visit labcorp.com website
The Laboratory Corp. of America is a U.S.-based, Fortune 500 company that provides clinical laboratory services and billing services to hospitals, reference laboratories, physicians' practices and other clinical sites across the country.
The company was founded in 1978 by Drs. Norman Steinberg and Leonard Lefkowitz who were medical students at New York University's College of Medicine at the time. The two medical students envisioned setting up a business model which would allow them to provide laboratory testing with the highest quality for patients while offering doctors increased convenience, better access to information about their patients' labs through immediate telephone feedback on test results—and most importantly, lower costs for all involved parties.
Today, LabCorp is as an industry leader in diagnostic medicine. The company has over 45,000 employees, and it performs about 288 million tests every year.