LabCorp board authorizes new $250 million stock repurchase program

Laboratory Corporation of America® Holdings (NYSE: LH) today announced that its Board of Directors has authorized a new stock repurchase program under which LabCorp may purchase up to an additional aggregate of $250 million of its Common Stock from time-to-time. LabCorp has purchased a total of $206.6 million of its Common Stock under its previously announced stock repurchase program, $56.7 million of which was completed since the end of the second quarter of 2010.

Any purchases under LabCorp's stock repurchase program may be made from time-to-time in the open market or in privately negotiated transactions and may be initiated and discontinued at any time.