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Company: Laboratory Corporation of America Holdings
Current Parent Company:
Laboratory Corp. of America
Parent at the Time of the Penalty Announcement:
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Penalty: $19,000,000
Year: 2023
Date: February 7, 2023
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: Labcorp agreed to pay $19 million to resolve allegations that it violated the False Claims Act by its submission of false claims to Medicare.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-District of South Carolina
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: healthcare services
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
