A giant managed care company will be trying to consolidate medical testing with a single vendor.
The United HealthCare Insurance Company unit of UnitedHealth Group Inc., Minnetonka, Minn., has awarded a 10-year contract with a value of about $3 billion to Laboratory Corp. of America Holdings, Burlington, N.C., LabCorp says.
LabCorp will become UnitedHealthcare’s exclusive national laboratory, and it will develop regional networks for UnitedHealthcare to fill in gaps in its own network, LabCorp says.