LabCorp get continues to pursue growth through acquisition as it acquired the diagnostic clinical lab testing business of South Bend Medical Foundation. Consequently, LabCorp’s reach just expanded into parts of the Midwest in Indiana, Michigan, Ohio, and Illinois.
Who is South Bend Medical Foundation?
Touted as a community laboratory, South Bend Medical Foundation is a non-profit organization operating since 1910. Their founders were physicians who wanted to ensure a community presence for laboratory testing services at a fair cost. Today, South Bend Medical Foundation carries on this tradition by utilizing the most advanced technology and the brightest staff by working with their clients as partners in patient care. Their services support hundreds of hospitals and thousands of physicians throughout the region.
Laboratory Corporation of America Holdings (LabCorp) represents the largest contract clinical research organization (CRO) in the world once it acquired top 5 CRO Covance.