Speciality Laboratories

Specialty Laboratories was a premier clinical reference laboratory that provided high-complexity diagnostic testing services to hospitals, clinical laboratories, and pharmaceutical companies. Founded in 1975 by Dr. James Peter, the company specialized in developing proprietary assays for immunology, infectious diseases, and oncology, offering a menu of over 1,000 specialized tests. It played a significant role in the healthcare industry by providing advanced diagnostic tools that were often unavailable at standard commercial labs. Additionally, the company offered centralized laboratory services to support pharmaceutical drug development and clinical trials. In 2005, the company was acquired by Laboratory Corporation of America (LabCorp) for approximately $352 million, integrating its specialized capabilities into LabCorp's national diagnostic network.