COVID Stimulus Watch Individual Entry
Recipient Company:
LABORATORY CORPORATION OF AMERICA HOLDINGS
Contract Amount:
$544,875
Recipient Details
Ownership Structure: publicly traded (ticker symbol LH)
Facility Street Address: 531 S SPRING ST
Facility City: BURLINGTON
Facility State: NC
Facility Zip Code: 272155837
Facility NAICS Code: 621511 : Medical Laboratories
Award Details
Award Date: Jan 14, 2021
Award Type: contract
Award Details: Some contracts are funded with emergency and non-emergency funds. The award amount listed here represents only emergency funding for the contract. The total value of the contract may be higher. Award Description: MEDICAL- LABORATORY TESTING
Program Name: Federal Contracts Funded by COVID-19 Relief Funds
Legislation: CARES
Awarding Agency: Health and Human Services Department
Data Source for Award:
https://www.usaspending.gov/search/?hash=25e8378bc443646cf2b174d65218b2ca
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