Labcorp, a global life sciences company based in Burlington, N.C., announced May 9 it will acquire AtlantiCare’s Diagnostic Clinical Laboratory Services.
The AtlantiCare clinical business, based in Egg Harbor Township, serves its physician group and affiliated physicians and their patients across southern New Jersey. Financial terms of the deal, part of the two companies’ long-term strategic relationship, were not disclosed.
As part of the move, AtlantiCare patients will be able to access Labcorp’s services through the company’s network, including Labcorp at Walgreens. Many of AtlantiCare’s physician office phlebotomy sites and outpatient collection services will now be operated by Labcorp, the announcement stated.
Herndon
“Our past collaboration with Labcorp has helped us provide comprehensive testing services to meet the growing needs of our community. Most recently, this has included Labcorp’s ability to provide critical testing, collections, lab equipment and supplies throughout the pandemic,” Lori Herndon, president and CEO of AtlantiCare, said in a statement. “This collaboration will enhance the breadth and quality of laboratory services patients and healthcare providers have come to expect from both of our organizations.”
Bill Haas, senior vice president of Labcorp’s Northeast Division, added that the collaboration will give AtlantiCare patients “increased diagnostic testing access.”
Labcorp currently has more than 75,000 employees and serves clients in more than 100 countries. According to the company, it reported revenue of $16 billion in fiscal year 2021.
