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BioReference Laboratories Inc.

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BioReference Laboratories Inc.
Public
Traded asNASDAQ: BRLI
ISIN🆔
Industryhealthcare
Founded 📆1981
Founder 👔
Headquarters 🏙️Elmwood Park, New Jersey,
United States
Area served 🗺️
Revenue🤑 $715.35 million (As of 2013)[1]
Members
Number of employees
🌐 Websitewww.hooperholmes.com
📇 Address
📞 telephone

BioReference Laboratories Inc. (BioReference) (NASDAQ: BRLI) is a clinical laboratory offering testing services and clinical knowledge management to healthcare organizations and professionals in United States.[2] The company operates its business through a network of about 116 patient service centers located mainly in New York metropolitan super-regional area.[3] The company is the fourth largest full service laboratory in the United States and the largest independent regional lab in Northeastern area.[4] In 2013, it was listed as one of the America's Best Small Companies by Forbes.[5] As of March, 2014, the company has a market capitalization of $693.21 million with an enterprise value of $727.83 million.[1] The company announced a growing revenue in the recorded first quarter of 2014 regardless of reimbursement pressure and impactful weather.[6]

Background[edit]

Through its technology platform of sexually transmitted infections, the company provides its medical test throughout 48 states.[7] It processes about 7.8 million laboratory test requisitions every year.[8] The main competitors of the company include hospital laboratories, physician-office laboratories and other independent clinical laboratories.[9] The company acquired the majority of the assets of Hunter Laboratories.[5] In 2013, it completed the acquisition of GeneDx.[10]

References[edit]

  1. 1.0 1.1 "BRLI Key Statistics | Bio-Reference Laboratories Inc. Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-03-04.
  2. "BRLI: Summary for Bio-Reference Laboratories, Inc- Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-03-04.
  3. "Bio-Reference Laboratories Inc: NASDAQ:BRLI quotes & news". Google.com. Retrieved 2014-03-04.
  4. "Bio-Reference Laboratories, Inc. - Investor Relations Home". Phx.corporate-ir.net. Retrieved 2014-03-04.
  5. 5.0 5.1 "Bio-Reference Laboratories on the Forbes America's Best Small". Forbes.com. Retrieved 2014-03-04.
  6. "Bio-Reference Laboratories, Inc. Reports Revenue Growth Despite Reimbursement Pressure and Impactful Weather" (Press release). Yahoo Finance. 2014-03-04. Retrieved 2014-03-06.
  7. "Bio-Reference Laboratories Reuters". Reuters.com. Retrieved 2014-03-04.
  8. "BRLI stock quote - Bio-Reference Laboratories, Inc. stock price". Reuters.com. Retrieved 2014-03-04.
  9. "BRLI - Stock Quote for BIO-REFERENCE LABS INC - MSN Money". Retrieved 2014-03-04.
  10. "BioReference Laboratories, Inc. Announces Strategic Acquisition of Edge BioSystems' Service Business" (Press release). 2013-08-21. Retrieved 2014-03-04.

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