Report
Debbie Wang

UnitedHealth Increases Access to Low-Cost Diagnostic Labs LabCorp and Quest

Uncertainty around whether UnitedHealth would terminate its long-standing exclusive contract with LabCorp as the primary in-network diagnostic lab was finally extinguished with the announcement that UnitedHealth would maintain its relationship with LabCorp while also fully bringing on Quest Diagnostics in-network starting in 2019. Although this announcement does not shift our fair value estimates for any of the three narrow-moat companies, the news did provide a lift for LabCorp and Quest, whose...
Underlying
Laboratory Corporation of America Holdings

Laboratory Corporation of America Holdings is a life sciences company that is focused on guiding patient care. The company reports its business in the following segments: LabCorp Diagnostics (LCD) and Covance Drug Development (CDD). LCD is an independent clinical laboratory business. LCD provides a menu of requested and specialty testing through a network of primary and specialty laboratories across the United States. CDD provides drug development, medical device and diagnostic development solutions from early-stage research to clinical development and commercial market access. CDD engages in early development and clinical trials in each therapeutic category.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Debbie Wang

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