Who Owns Labcorp?
Labcorp is owned by Labcorp Holdings Inc. (NYSE: LH), a life sciences company headquartered in Burlington, North Carolina. The brand covers a national network of more than 2,000 patient service centers, routine and specialty clinical testing, and consumer channels like Labcorp OnDemand. The parent reported $13.95 billion in revenue for fiscal 2025.
Parent Company
Founded
1995
Status
Publicly Traded
Headquarters
Labcorp Timeline
United StatesOfficial Website
Who Owns Labcorp?
- Parent Company: Labcorp Holdings Inc.
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: LH
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Labcorp | Labcorp Holdings Inc. | Brand division |
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History of Labcorp
- Founded: 1995
- Founders: Merger of National Health Laboratories and Roche Biomedical Laboratories
The Labcorp name was created in April 1995, when National Health Laboratories Holdings merged with Roche Biomedical Laboratories in a roughly $1.3 billion combination that formed the nation's largest clinical laboratory operator.
Its roots go further back. The Burlington predecessor, Biomedical Laboratories, was founded in 1969 by brothers James, Thomas, and John Powell and was acquired by Hoffmann-La Roche in 1982. National Health Laboratories grew inside Revlon through the 1970s and 1980s.
The brand expanded with the 2015 acquisition of Covance for about $6.1 billion, which added drug development services, then narrowed again when that business was spun off as Fortrea in 2023. Recent years added the Ovia Health apps in 2021 and the Invitae genetic testing assets in August 2024, bought for $239 million out of bankruptcy.
Today the brand spans routine physician-ordered testing, oncology and rare disease genetics, hospital lab management partnerships, and the Labcorp OnDemand consumer channel, processing hundreds of thousands of specimens a day.
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About Labcorp Holdings Inc.
What does Labcorp own?
Labcorp owns the Labcorp diagnostics network of more than 2,000 patient service centers, the Labcorp OnDemand consumer platform, the Invitae genetic testing business, Ovia Health, and its Biopharma Laboratory Services operations serving drug developers.
Is Labcorp publicly traded?
Yes. Labcorp trades on the New York Stock Exchange under ticker LH and is a member of the S&P 500.
Who founded Labcorp?
Labcorp was formed in 1995 through the merger of National Health Laboratories and Roche Biomedical Laboratories. The Burlington predecessor, Biomedical Laboratories, was founded in 1969 by brothers James, Thomas, and John Powell.
Where is Labcorp headquartered?
Labcorp is headquartered in Burlington, North Carolina, USA.
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How many brands does Labcorp own?
Its principal brands are Labcorp, Labcorp OnDemand, Invitae, and Ovia Health, alongside enterprise brands serving pharmaceutical clients.
Who owns Labcorp?
Labcorp is an independent public company owned by its shareholders, predominantly institutional investors. No parent company controls it.
Did Labcorp buy Invitae?
Yes. Labcorp acquired select assets of Invitae for $239 million in August 2024 after Invitae filed for Chapter 11 bankruptcy, adding its genetic testing portfolio for oncology and rare diseases.
- Founded: 1978
- Headquarters: Burlington, North Carolina, USA
- Company Type: Publicly Traded
- Stock: NYSE: LH
- Revenue: $13.95 billion (FY2025)
- Employees: Approximately 70,000
Where Is Labcorp Made / Based?
- Headquarters: Burlington, North Carolina, USA
Labcorp Categories & Tags
Labcorp Recalls & Controversies
As a large healthcare provider, Labcorp operates under continuous CMS and FDA oversight and periodically settles billing-related matters, as does the entire laboratory industry.
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A 2023 data breach at a third-party vendor exposed information on millions of patients, part of a wider wave of health data security incidents across the sector.
The brand also faces recurring litigation over prenatal and genetic test accuracy, a category of risk common to all diagnostics companies and disclosed as routine litigation in its SEC filings.
Brands Owned by Labcorp Holdings Inc.
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Labcorp Ownership: Pros & Cons
Advantages
- +Public parent's scale funds the largest US lab logistics network
- +In-network status with most major health plans
- +Invitae adds specialty genetics at a distressed acquisition price
- +Broad test menu and service center convenience drive physician loyalty
- +Hospital lab partnerships create recurring acquired volume
Considerations
- -Reimbursement pressure from CMS and insurers compresses test pricing
- -Patient genetic and health data carries breach liability
- -Competition with Quest on price and service is constant
- -Labor costs for phlebotomy and lab staff continue rising
- -Consumer testing depends on ongoing demand for convenience channels
Frequently Asked Questions About Labcorp
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Sources & Further Reading
Competitors to Labcorp
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Labcorp | USA | 2010 | Mass market | United states | All Genders | |
| Ge Healthcare | USA | 2023 | Mass market | Global | All Genders | |
| Quest Diagnostics | USA | 1967 | Mass market | United states | All Genders | |
| Siemens | Germany | 2018 | Premium | Global | All-ages |
Learn More About Competitors
Healthcare PharmaceuticalsInvitae
Owned by Labcorp Holdings Inc.
Medical genetics testing brand acquired by Labcorp for $239 million in 2024, focused on oncology, rare disease, and reproductive health.
genetic-testingdiagnosticsoncology
Healthcare PharmaceuticalsGE Diagnostics
Owned by GE HealthCare Technologies Inc.
Pharmaceutical Diagnostics business of GE HealthCare, producing contrast agents and molecular imaging tracers including Omnipaque, Clariscan, Vizamyl, and Flyrcado used in diagnostic scans worldwide.
pharmaceuticalscontrast-agentsdiagnostics
Healthcare PharmaceuticalsQuest Diagnostics
Owned by Quest Diagnostics Incorporated
The flagship clinical laboratory brand of Quest Diagnostics Incorporated, the largest lab testing provider in the United States.
lab-testingdiagnosticsblood-tests
Healthcare PharmaceuticalsSiemens Healthineers
Owned by Siemens AG
German medical technology and healthcare equipment company providing diagnostic imaging and laboratory diagnostics, owned by Siemens AG.
medical-technologyhealthcarediagnostics
Competitive Analysis
Market Positioning: Labcorp competes with 4 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Labcorp
Looking for brands with different ownership structures? These similar brands are not owned by Labcorp Holdings Inc., giving you alternative choices that support different corporate structures.
Healthcare PharmaceuticalsBand-Aid
Owned by Kenvue
American adhesive bandage brand invented in 1921, owned by Kenvue Inc. Band-Aid is the leading adhesive bandage brand in the United States and is sold in more than 100 countries.
wound-careadhesive-bandagefirst-aid
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Band-Aid is privately owned, unlike Labcorp which is under a publicly traded parent company.
Healthcare PharmaceuticalsTylenol
Owned by Kenvue
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pain-reliefmedicationpharmaceutical
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Tylenol is privately owned, unlike Labcorp which is under a publicly traded parent company.
Healthcare PharmaceuticalsWalgreens
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Walgreens is the largest U.S. pharmacy retail brand, operating roughly 8,000 stores. It went private in August 2025 under Sycamore Partners as a standalone company.
pharmacydrugstoreretail-pharmacy
Privately Owned
Walgreens is privately owned, unlike Labcorp which is under a publicly traded parent company.
Healthcare PharmaceuticalsZocdoc
Owned by Zocdoc, Inc.
Online healthcare marketplace where patients find in-network doctors and book appointments instantly, a private New York company valued at $1.8 billion.
healthcareappointment-bookingdigital-health
Privately Owned
Zocdoc is privately owned, unlike Labcorp which is under a publicly traded parent company.
Healthcare PharmaceuticalsAvaility
Owned by Availity
The largest real-time health information network in the US, owned by a consortium of major health insurers and Novo Holdings.
healthcare-technologyclearinghouseclaims-processing
Privately Owned
Availity is privately owned, unlike Labcorp which is under a publicly traded parent company.
Healthcare PharmaceuticalsBenadryl
Owned by Kenvue
American brand of antihistamine medication used to treat allergies, itching, and cold symptoms, manufactured and marketed by Johnson & Johnson.
antihistamineallergy-reliefcold-medicine
Privately Owned
Benadryl is privately owned, unlike Labcorp which is under a publicly traded parent company.
Labcorp Holdings Inc. Stock Information
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