Labcorp and Providence Expand Strategic Laboratory Relationship
BURLINGTON, N.C., May 16, 2023 /PRNewswire/ -- Labcorp (NYSE: LH), a leading global life sciences company, today announced it entered into an agreement with Providence to expand the longstanding strategic relationship between the two organizations. Through the agreement, Labcorp will acquire Providence Oregon's outreach laboratory business and select assets in Oregon. Providence Oregon will maintain operation and ownership of certain anatomic pathology and genomics outreach testing and its hospital laboratories in the region.
- BURLINGTON, N.C., May 16, 2023 /PRNewswire/ -- Labcorp (NYSE: LH), a leading global life sciences company, today announced it entered into an agreement with Providence to expand the longstanding strategic relationship between the two organizations.
- Through the agreement, Labcorp will acquire Providence Oregon's outreach laboratory business and select assets in Oregon.
- This transaction will build on the more than 20-year relationship between Labcorp and the Providence family of organizations.
- Labcorp currently provides laboratory services to several Providence affiliate medical facilities and reference testing for facilities across multiple states served by Providence in the western United States.