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Labcorp is closing its Bedford facility, laying off close to 100 positions
The global life sciences and health care company did not explain why it is closing the facility.
The health care company Labcorp has notified the state that it is laying off 94 employees and closing its Bedford facility.
The layoffs will begin on March 9, with most positions eliminated and a few reassigned to remote or nearby worksites.
According to Labcorp’s 2024 annual report, the latest available, the company owned its Bedford facility at 15 Wiggins Ave. It also leased facilities in Westborough and Holyoke.
Labcorp is a global company that provides diagnostic services and drug development for patients and physicians.
The company had nearly 70,000 employees in about 100 countries and supported more than 75% of the new drugs and therapeutic products approved by the FDA in 2024.
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Labcorp also performed more than 700 million tests annually for patients worldwide. The company had nearly 2,200 patient service centers and more than 6,800 in-office phlebotomists located in customer offices and facilities.
The company is headquartered in Burlington, North Carolina, and reported annual revenue of over $13 billion in 2024.
The company did not respond to additional questions about why it is closing the facility.
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