Labcorp acquires diagnostic clinical laboratory services from AtlantiCare

BURLINGTON, NC, and TOWNSHIP OF EGG HARBOUR, NJ–(BUSINESS WIRE)–Labcorp (NYSE: LH), a leading global life sciences company, and AtlantiCare, southern New Jersey’s largest healthcare organization, today announced that they have entered into a transaction to extend their long-term strategic relationship. Labcorp will acquire certain assets of AtlantiCare’s clinical outreach business, which serves AtlantiCare’s group of physicians and affiliated physicians and their patients in southern New Jersey. The transaction is the latest in a series of new and expanded collaborations between Labcorp and healthcare systems across the country, demonstrating the value Labcorp brings to improving laboratory services and helping improve patient care.

“Labcorp is strongly focused on creating value for our healthcare system partners, physicians and the broader community,” said Bill Haas, senior vice president of Labcorp’s Northeast Division. “Our multi-year, comprehensive relationship with AtlantiCare is an excellent example of this direction. Through this enhanced outreach relationship, Labcorp reinforces its commitment to AtlantiCare patients and providers to improve health and improve lives in the region, including through increased access to diagnostic testing.

AtlantiCare patients will be able to access Labcorp’s extensive testing menu and services through the company’s extensive network of patient service centers, including Labcorp at Walgreens. Many phlebotomy sites in AtlantiCare medical practices and outpatient collection services will now be managed by Labcorp.

“As a health system, we are committed to evolving the care and services we provide,” said Lori Herndon, MBA, BSN, RN, President and CEO of AtlantiCare. “Our past collaboration with Labcorp has helped us provide comprehensive testing services to meet the growing needs of our community. More recently, this has included Labcorp’s ability to provide critical testing, collections, lab equipment and supplies throughout the pandemic. This collaboration will improve the scope and quality of laboratory services that patients and healthcare providers expect from our two organizations. »

About Labcorp

Labcorp is a leading global life sciences company that provides vital information to help physicians, hospitals, pharmaceutical companies, researchers and patients make informed decisions with confidence. Through our unparalleled diagnostic and drug development capabilities, we deliver insights and accelerate innovations to improve health and improve lives. With over 75,000 employees, we serve customers in over 100 countries. Labcorp (NYSE: LH) reported revenue of $16 billion in fiscal 2021. Learn more about us at www.Labcorp.com or follow us on LinkedIn and Twitter @Labcorp.

About AtlanticCare

AtlantiCare is an integrated healthcare system based in Egg Harbor Township, NJ, with more than 6,000 employees, providers and volunteers serving the community in Atlantic, Burlington, Camden, Cape May and of Ocean in southern New Jersey. Her vision to build communities of health together fuels her mission to make a difference in health and healing, one person at a time, through caring and trusting relationships.

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