Who Founded Labcorp?

National Health Laboratories started as DCL BioMedical, a clinical laboratory business founded in 1968. Revlon acquired it in 1971 and renamed it in 1974; by 1977 it ran testing labs in 13 cities. It went public on NASDAQ in 1988, moved to the NYSE in 1991, and in 1995 combined with Roche Biomedical Laboratories to form Labcorp. James B. Powell, MD, led NHL and became the first CEO of the merged company. (Exact birth year remains publicly undisclosed).

Roche Biomedical Laboratories was Hoffmann-La Roche's US clinical testing subsidiary, based in Burlington, North Carolina. In April 1995 Roche contributed the business plus $186.7 million in cash to National Health Laboratories Holdings in exchange for 49.9% of the combined company, which became Laboratory Corporation of America Holdings. Roche sold its remaining Labcorp shares in 2002. (Exact birth year remains publicly undisclosed).