Labcorp Named One of the World's Most Admired Companies™ by FORTUNE® Magazine

Rhea-AI Summary

Labcorp (NYSE: LH) has been named to FORTUNE® magazine's list of the World's Most Admired Companies™, recognizing the company's global leadership in innovative laboratory services. Labcorp was one of only five companies in the 'Health Care: Pharmacy and Other Services' industry to achieve Most Admired status, scoring high marks in long-term investment, global competitiveness, and social responsibility. The annual survey is conducted by FORTUNE and Korn Ferry, with top executives, directors, and financial analysts identifying companies with the strongest reputations across nine criteria.

Positive

• Labcorp named to FORTUNE World's Most Admired Companies list
• Recognition of Labcorp's hard work and dedication
• High marks in long-term investment, global competitiveness, and social responsibility

Negative

• None.

BURLINGTON, N.C., Feb. 1, 2024 /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, has once again been named to FORTUNE® magazine's list of the World's Most Admired Companies™, a recognition of the most respected and reputable companies globally.

"Labcorp is honored to be included on this year's FORTUNE World's Most Admired Companies list," said Adam Schechter, chairman and CEO of Labcorp. "This recognition is a testament to the hard work and dedication of Labcorp employees who work tirelessly to help address some of the world's most important health challenges and support our mission to improve health and improve lives."

The annual survey designated Labcorp as one of only five companies to attain Most Admired status in the "Health Care: Pharmacy and Other Services" industry. The company scored high marks in long-term investment, global competitiveness and social responsibility.

The Most Admired Companies™ survey is conducted annually by FORTUNE and Korn Ferry, a global organizational consulting firm. Top executives, directors and financial analysts are asked to identify the companies with the strongest reputations across nine criteria, including quality of management, social responsibility and investment value.

To view the full Fortune 2024 World's Most Admired Companies list, visit https://fortune.com/ranking/worlds-most-admired-companies/2024.

About Labcorp
Labcorp (NYSE: LH) is a global leader of innovative and comprehensive laboratory services that helps doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. We provide insights and advance science to improve health and improve lives through our unparalleled diagnostics and drug development laboratory capabilities. The company's more than 60,000 employees serve clients in over 100 countries, worked on over 80% of the new drugs approved by the FDA in 2022 and performed more than 600 million tests for patients around the world. Learn more about us at www.labcorp.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/labcorp-named-one-of-the-worlds-most-admired-companies-by-fortune-magazine-302050524.html

SOURCE Labcorp

FAQ

What is Labcorp's ticker symbol?

The ticker symbol for Labcorp is LH.

What industry was Labcorp recognized in?

Labcorp was recognized in the 'Health Care: Pharmacy and Other Services' industry.

Who conducted the annual survey for Most Admired Companies?

The annual survey is conducted by FORTUNE and Korn Ferry.

How many companies achieved Most Admired status in Labcorp's industry?

Labcorp was one of only five companies to achieve Most Admired status in the 'Health Care: Pharmacy and Other Services' industry.

What criteria were used to identify the Most Admired Companies?

Top executives, directors, and financial analysts identified companies with the strongest reputations across nine criteria, including quality of management, social responsibility, and investment value.