COVID Stimulus Watch Parent Company Summary

Parent Company Name:  Laboratory Corp. of America
Grant Total:  $54,860,457
Face Value of Loans Total:  $4,372,644

Parent Company Data

Ownership Structure:  publicly traded (ticker symbol LH)
Headquartered in:  North Carolina
Sector:  healthcare services
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
Total Federal, State, and Local Subsidies:  $17,385,585
Details on Accountability data sources

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Individual Award Records:

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Company Grant Amount Loan Face Value Award Date
Laboratory Corporation Of America $18,118,217 Jul 28, 2020
LABORATORY CORP OF AMER $4,372,644 Jul 10, 2020
Laboratory Corporation Of America Holdings $853,346 Jun 18, 2020
Dianon Systems Inc $841,240 Jul 28, 2020

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