UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

February 22, 2002
------------------
(Date of earliest event reported)


LABORATORY CORPORATION OF AMERICA HOLDINGS
------------------------------------------
(Exact name of registrant as specified in its charter)


   DELAWARE                1-11353             13-3757370
 --------------          -----------         --------------
(State or other         (Commission          (IRS Employer
jurisdiction of         File Number)         Identification
incorporation)                                   Number)


358 SOUTH MAIN STREET, BURLINGTON, NORTH CAROLINA 27215
-------------------------------------------------------
(Address of principal executive offices)

336-229-1127
------------
(Registrant's telephone number, including area code)


ITEM 5. OTHER EVENTS

Laboratory Corporation of America -Registered Trademark-Holdings
(LabCorp -Registered Trademark-)(NYSE:LH) announced that it has entered
into $300 million of new senior credit facilities with Credit Suisse
First Boston, acting as Administrative Agent, and a group of financial
institutions.  The new facilities consist of a 364-day revolving credit
facility in the principal amount of $100 million and a three-year
revolving credit facility in the principal amount of $200 million.  The
new facilities will be used for general corporate purposes, including
working capital, capital expenditures, funding of share repurchases and
other payments and acquisitions.  The Company's previous credit
agreement, under which no loans were outstanding, was terminated upon
the closing of the new facilities.







The terms of the new facilities include financial covenants governing
total leverage and interest coverage as well as negative covenants
limiting restricted payments, subsidiary indebtedness and certain other
items customary for investment grade-rated borrowers.  The facility fee
and interest rate on the new facilities are based on the Company's
senior credit rating as determined by Standard & Poor's, which rating
was recently upgraded to BBB+ from BBB.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
        INFORMATION AND EXHIBITS

(c) Exhibit
20  Press release of the Company dated February 22, 2002.



SIGNATURES

Pursuant to the requirements of the Securities and
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned hereunto duly authorized.

          LABORATORY CORPORATION OF AMERICA HOLDINGS
          ------------------------------------------
                        (Registrant)

               By:/s/ BRADFORD T. SMITH
                  ----------------------------------
                      Bradford T. Smith
                      Executive Vice President
                      and Secretary


Date: February 22, 2002