Laboratory Corp. Gets Subpoena Over Medicaid

Laboratory Corp. of America Holdings became the second U.S. medical-testing company in a week to be ordered to turn over billing documents for California’s $29-billion Medicaid program.

LabCorp reported the subpoena, received Monday, in a filing with the Securities and Exchange Commission. The Burlington, N.C.-based company said it would cooperate with the California attorney general’s probe.

A spokesman for LabCorp, the second-largest testing laboratory, was not immediately available for comment.

LabCorp fell 91 cents, or 1.5%, to $58.67.