UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
APRIL 4, 2000
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(Date of earliest event reported)
LABORATORY CORPORATION OF AMERICA HOLDINGS
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(Exact name of registrant as specified in its charter)
DELAWARE 1-11353 13-3757370
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
358 SOUTH MAIN STREET, BURLINGTON, NORTH CAROLINA 27215
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(Address of principal executive offices)
336-229-1127
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On April 4, 2000, Laboratory Corporation of America
Holdings-Registered Trademark- (LabCorp-Registered Trademark-)
announced that it signed an extension to its existing agreement
with Aetna U.S. Healthcare to provide laboratory services to
Aetna U.S. Healthcare members. Details of the long-term agreement
were not disclosed.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(c) Exhibit
20 Press release of the Company dated
April 4, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
LABORATORY CORPORATION OF AMERICA HOLDINGS
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(Registrant)
By:/s/ BRADFORD T. SMITH
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Bradford T. Smith
Executive Vice President,
General Counsel, Secretary
and Compliance Officer
Date: April 6, 2000
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Laboratory Corporation of America-Registered Trademark- Holdings
358 South Main Street
Burlington, NC 27215
Telephone: 336-584-5171
Contact: Pamela Sherry LabCorp Shareholder Direct
336-436-4855 800-LAB-0401
www.labcorp.com
LABORATORY CORPORATION OF AMERICA-REGISTERED TRADEMARK- ANNOUNCES
NATIONAL AGREEMENT WITH AETNA U.S. HEALTHCARE
Burlington, NC, April 4, 2000 - Laboratory Corporation of
America-Registered Trademark- Holdings (LabCorp-Registered Trademark-)
(NYSE: LH) announced today that it has signed an extension to its
existing agreement with Aetna U.S. Healthcare to provide laboratory
services to Aetna U.S. Healthcare members. Details of the long-term
agreement were not disclosed.
Effective April 1, LabCorp is one of the preferred national
providers offering clinical laboratory testing to members of
Aetna U.S. Healthcare's PPO, POS and indemnity plans
nationwide. The agreement also provides the majority of Aetna
U.S. Healthcare's HMO members with access to the services
provided by LabCorp.
"We are delighted that Aetna U.S. Healthcare has selected
LabCorp and recognizes the value of providing physicians and
their patients with an alternative for laboratory services,"
said Thomas P. Mac Mahon, President and Chief Executive Officer
of LabCorp. "LabCorp's national network is committed to
providing a full range of quality services to Aetna U.S.
Healthcare."
Laboratory Corporation of America-Registered Trademark- Holdings
(LabCorp-Registered Trademark-) is a national clinical laboratory
with annual revenues of $1.7 billion in 1999. With 18,000
employees and over 100,000 clients nationwide, the company offers
more than 2,000 clinical tests ranging from simple blood analyses
to sophisticated molecular diagnostics. LabCorp leverages its
expertise in innovative clinical testing technology with three
Centers of Excellence. The Center for Molecular Biology and Pathology,
in Research Triangle Park (RTP), North Carolina, develops
applications for polymerase chain reaction (PCR) technology.
Its Center for Occupational Testing in RTP is the world's
largest substance abuse testing facility, and the Center for
Esoteric Testing in Burlington, North Carolina, performs the
largest volume of specialty testing in the network. LabCorp's
clients include physicians, state and federal government,
managed care organizations, hospitals, clinics, pharmaceutical
and Fortune 1000 companies, and other clinical laboratories.
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Aetna U.S. Healthcare is the nation's leading health and
related benefits organization, providing a full spectrum of
products ranging from health maintenance organizations (HMO) to
indemnity health insurance, group life and disability products,
and dental, vision, and pharmacy benefits to approximately 29
million Americans. In addition, Aetna U.S. Healthcare provides
quality measurement and improvement programs and data analysis
for providers and purchasers of health care. To learn more
about Aetna U.S. Healthcare, check out the website at
www.aetnaushc.com.
LabCorp noted that each of the above forward-looking statements
is subject to change based on various important factors,
including without limitation, competitive actions in the
marketplace and adverse actions of governmental and other third-
party payors. Further information on potential factors that
could affect each company's financial results is included in
the Form 10-K for each for the year ended December 31, 1999 and
subsequent SEC filings.
