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Labcorp Enters Strategic Lab Relationship With Prisma Health

NEW YORK – Laboratory Corporation of America said Wednesday that it has entered a strategic laboratory relationship with Prisma Health, South Carolina's largest health system.

Under the agreement, Burlington, North Carolina-based Labcorp will acquire parts of Prisma's outreach lab business and will offer technical support to the system's hospital labs.

The deal will give Prisma patients and clinicians access to Labcorp's test menu and national network of patient service centers. Labcorp will also offer expanded health plan coverage, additional access to rural markets, and reduced out-of-pocket costs for some patients. Labcorp said it will collaborate with Prisma to provide same-day STAT testing.

"Labcorp brings the scale and expertise of its internationally recognized laboratory services to help us achieve the next level of service and quality in this highly specialized area," Clarence Sevillian, executive vice president and chief operating officer of Prisma Health, said in a statement.

"Prisma Health is an established leader in providing health care and diagnostic services to South Carolina residents, and its dedication to its patients closely aligns with Labcorp’s mission to improve health and improve lives," Traci Butler, senior vice president of Labcorp Diagnostics’ Atlantic Division, said in a statement.

The deal is expected to close in the second half of 2022. Financial and other terms were not disclosed.