COVID Stimulus Watch Individual Entry
Recipient Company:
LABORATORY CORPORATION
Grant Amount:
$220,085,400
Recipient Details
Ownership Structure: publicly traded (ticker symbol LH)
Facility City: BURLINGTON
Facility State: NC
Award Details
Award Date: Jul 29, 2021
Award Type: grant
Award Details: Award amount is the total of reimbursements for testing, treatment, and vaccinations. Claims paid for testing: $214,523,005; Claims paid for treatment: $5,562,395; Claims paid for vaccine: $0
Program Name: COVID-19 Claims Reimbursement to Health Care Providers and Facilities for Testing and Treatment of the Uninsured Program ($500,000 and up)
Legislation: CARES
Awarding Agency: Health and Human Services Department
Data Source for Award:
https://data.cdc.gov/Administrative/Claims-Reimbursement-to-Health-Care-...
Parent Company Data
Parent Company: Laboratory Corp. of America
Headquartered in: North Carolina
Parent Sector: healthcare services
Parent Industry: healthcare services
Employees (prior to pandemic): 65,000
Accountability Issues Since 2010
Employment-related Penalties: $2,823,742
Good Jobs First has no data in this category
Environmental / Healthcare / Safety Penalties: $142,001
Consumer Protection / Financial / Competition-related Penalties: $235,000
Ratio of CEO Pay to that of Median Worker: 314 to 1
CEO Compensation: $13,138,362
Worker Median Pay: $41,834
Total Federal, State, and Local Subsidies: $25,558,335
Federal Corporate Income Tax Rate: 24.1%
Violation Tracker
Tax / Subsidy Issues
Contracting Issues
Environment / Safety Issues
Consumer Protection Issues