BIOREFERENCE LABORATORIES, INC

BIOREFERENCE LABORATORIES, INC Overview

Company Headquarters: New Jersey, US

Founded: 1981

Workforce: ~350,600

Company Working: BioReference Laboratories, Inc. (BioReference) is one of the largest full service clinical diagnostic laboratories in the US. The company offers testing and related services to long term care facilities, employers, physician offices, clinics, hospitals, governmental units, and correctional institutions. It also provides a wide-ranging test that focuses on molecular diagnostics, anatomical pathology, genetics, and women’s health. BioReference is currently present in nine locations of the US (New York, Massachusetts, California, Texas, and others). It is a wholly-owned subsidiary of OPKO Health, Inc.

Strategy

BioReference Laboratories, Inc. focuses on serving multiple markets through several specialized business units with its dedicated sales team and highly trained support personnel. It provides customized healthcare facilities. The company builds its system around the need of the client and practices collaborative medicine. It continuously makes its clinical pipeline to expand the portfolio of therapeutics and diagnostics services.

Company Snapshot

$966M

Revenue

350,600

Employees

1981

Founded

New Jersey, US

Headquarters

SWOT Analysis

Strengths

Strong R&D investment
Nation’s third largest clinical laboratory

Weaknesses

The company has a history of operating loss
Intellectual property infringement claims

Opportunities

Expansion in the Middle East and Africa
Expanding into other medical markets

Threats

Obtaining and maintaining with the regulatory approval outside the US

Product Offering

BIOREFERENCE LABORATORIES, INC
- Diseases & Testing

Financial Performance

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