Labcorp Holdings Inc. is a life sciences company that provides clinical laboratory and drug development services. Its Diagnostics Laboratories segment operates patient service centers and offers a broad menu of routine and esoteric tests, including blood and urine screens, oncology, genetics, and genomic testing, serving physicians, hospitals, health systems, employers, and government payers primarily in the United States. The Biopharma Laboratory Services segment, which includes the former Covance business, provides central laboratory, clinical trial support, and early development research services to pharmaceutical, biotechnology, and medical device companies worldwide. Revenue is generated mainly through fee-for-service billing to third-party payers and patients for diagnostic testing, and through service contracts with biopharmaceutical customers. Labcorp also operates a drug development joint venture with Fortrea. The company is headquartered in Burlington, North Carolina, and competes with Quest Diagnostics and hospital-based laboratories.

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