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Subsequent Events
12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events
20.  SUBSEQUENT EVENTS
On February 9, 2022, the Company entered into agreements to create a comprehensive strategic relationship with Ascension, a Catholic, non-profit health system. Through the expansive strategic collaboration, the Company will manage Ascension’s hospital-based laboratories in 10 states and purchase select assets of the health system’s outreach laboratory business. This long-term relationship will expand the Company’s clinical laboratory services in several states across the country while creating opportunities to enhance care across all clinical areas. The arrangement includes acquisition of certain outreach laboratory assets with a purchase price of $400.0.
On February 18, 2022, the Company closed its acquisition of Personal Genome Diagnostics Inc. (PGDx), a cancer genomics company with a portfolio of comprehensive liquid biopsy and tissue-based products. The addition of PGDx and its technology complements and accelerates Labcorp’s existing liquid biopsy capabilities and expands Labcorp’s oncology portfolio of next-generation sequencing (NGS)-based genomic profiling capabilities. Under the terms of the agreement, Labcorp paid $450.0 in cash at closing and up to an additional $125.0 on achieving future performance milestones.