LabCorp Named to FORTUNE Magazine's 2018 List of ‘World’s Most Admired Companies’

Published on : 20 January 2018
Location : USA

BURLINGTON, N.C.--(BUSINESS WIRE)--Jan. 19, 2018-- Laboratory Corporation of America® Holdings (LabCorp) (NYSE: LH), a leading global life sciences company, today announced that it has been named to FORTUNE magazine's 2018 List of World’s Most Admired Companies. The annual survey, conducted by FORTUNE and the Hay Group division of Korn Ferry, a global people and organizational advisory firm, is given to top executives, directors and financial analysts, to identify the companies that enjoy the strongest reputations within their industries and across industries.

“On behalf of our 57,000 colleagues around the globe, I would like to express appreciation at being named among the world’s most admired companies,” said David P. King, chairman and CEO of LabCorp. “Every day, our employees demonstrate their dedication to LabCorp’s important mission of improving health and improving lives. I am proud of every one of them, and it is gratifying that our commitment to patients and all of our valued customers and partners is making a difference in the world.”

Other recent recognition for LabCorp included being named to Forbes’ 2017 ranking of “The World’s Most Innovative Companies,” earning the highest achievable score on the Human Rights Campaign Foundation’s 16th annual scorecard on LGBTQ workplace equality and a designation as a Best Place to Work for LGBTQ Equality, and seeing its Covance Drug Development business awarded the 2017 Frost & Sullivan Asia-Pacific CRO Customer Value Leadership Award.

FORTUNE's World's Most Admired Companies list is the definitive report card on corporate reputations. Hay Group has collaborated with FORTUNE annually since 1997 to identify, select and rank the World’s Most Admired Companies and uncover the business practices that make these companies highly regarded among their peers. To compile the rankings, corporate reputation and performance are measured against nine key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, quality of products and services, and global competitiveness.

The World’s Most Admired Companies list can be found on the FORTUNE website.