COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:  Laboratory Corporation Of America Holdings
Parent Company:  Laboratory Corp. of America
Award Date:  Jun 18, 2020
Award Type:  grant
Grant Amount:  $853,346
Awarding Agency:  Health and Human Services Department
Program Name:  COVID-19 Claims Reimbursement to Health Care Providers and Facilities for Testing and Treatment of the Uninsured Program ($500,000 and up)
Award Details: 

The amount is the total of reimbursements for testing and for treatment.

Facility State:  IN
Facility City:  Muncie

Parent Company Data

Ownership Structure:  publicly traded (ticker symbol LH)
Headquartered in:  North Carolina
Parent Sector:  healthcare services
Parent Industry:  diagnostic services
Employees (prior to pandemic):  65,000

Parent Accountability Issues Since 2010

Employment-related Penalties:  $2,823,742
Federal Corporate Income Tax Rate:  24.1%
Environmental / Healthcare / Safety Penalties:  $22,000
Consumer Protection / Financial / Competition-related Penaties:  $225,000
Ratio of CEO Pay to that of Median Worker:  314 to 1
CEO Compensation:  $13,138,362
Worker Median Pay:  $41,834