COVID Stimulus Watch Individual Entry

Note: this award was refunded

Recipient Company:
Laboratory Corporation Of America
Grant Amount:
$18,118,217

Recipient Details

Ownership Structure: publicly traded (ticker symbol LH)
Facility City: Chicago
Facility State: IL

Award Details

Award Date: Oct 27, 2020
Award Type: grant
Program Name: Provider Relief Fund - General Distribution ($500,00 and up)
Awarding Agency: Health and Human Services Department
Data Source for Award:
https://data.cdc.gov/Administrative/HRSA-Provider-Relief-Fund-General-Al...

Parent Company Data

Parent Company: Laboratory Corp. of America
Headquartered in: North Carolina
Parent Sector: healthcare services
Parent Industry: diagnostic services
Employees (prior to pandemic): 65,000

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $2,823,742
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $106,001
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $225,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 314 to 1
CEO Compensation: $13,138,362
Worker Median Pay: $41,834
Tax icon
Total Federal, State, and Local Subsidies: $25,558,335
Federal Corporate Income Tax Rate: 24.1%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources