Labcorp, officially known as Laboratory Corporation of America Holdings, is a leading healthcare diagnostics company based in the United States. The company provides a wide range of clinical laboratory services, including testing and analysis of blood, urine, and other bodily fluids for physicians, hospitals, and other healthcare providers. Additionally, Labcorp offers drug development solutions, providing support to pharmaceutical and biotech companies in the development of new drugs and therapies.

Labcorp was founded in 1978 as Roche BioMedical, a subsidiary of Roche, a Swiss pharmaceutical company. In 1995, it became an independent company and changed its name to Laboratory Corporation of America. Its headquarters is located in Burlington, North Carolina.

The company operates over 2200 patient service centers across the United States and has a presence in more than 60 countries worldwide. One of Labcorp's notable subsidiaries is Covance, acquired in 2015. Covance is a contract research organization specializing in providing drug development services.

Labcorp's partnership with Covance enhances its capabilities in the drug development process, offering a comprehensive range of services from preclinical research to post-marketing surveillance. Labcorp is a global leader in the diagnostics industry, with a strong market position and significant global sales. The company employs over 75,000 people worldwide and serves millions of customers annually.

It faces competition from other major players in the diagnostics field, such as Quest Diagnostics and Sonic Healthcare. In recent years, Labcorp has focused on expanding its technology and digital capabilities to improve efficiency and provide innovative healthcare solutions. This includes investments in data analytics, artificial intelligence, and telemedicine.

The company has also been actively involved in COVID-19 testing efforts, partnering with government agencies and healthcare providers to provide widespread testing services. As of the latest available information, Labcorp continues to grow and adapt to the changing healthcare landscape. With its extensive laboratory network, global presence, and commitment to technological advancements, Labcorp remains a key player in the healthcare diagnostics industry