<ARTICLE> 5 <RESTATED> <CIK> 0000920148 <NAME> LABORATORY CORPORATION OF AMERICA HOLDINGS <MULTIPLIER> 1000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 16,900 <SECURITIES> 0 <RECEIVABLES> 536,500 <ALLOWANCES> 160,000 <INVENTORY> 28,200 <CURRENT-ASSETS> 513,000 <PP&E> 514,400 <DEPRECIATION> 246,500 <TOTAL-ASSETS> 1,627,200 <CURRENT-LIABILITIES> 249,400 <BONDS> 548,900 <PREFERRED-MANDATORY> 541,500 <PREFERRED> 0 <COMMON> 1,200 <OTHER-SE> 163,900 <TOTAL-LIABILITY-AND-EQUITY> 1,627,200 <SALES> 847,400 <TOTAL-REVENUES> 847,400 <CGS> 531,700 <TOTAL-COSTS> 531,700 <OTHER-EXPENSES> 239,200 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 20,500 <INCOME-PRETAX> 54,800 <INCOME-TAX> 20,800 <INCOME-CONTINUING> 34,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 34,000 <EPS-BASIC> 0.08 <EPS-DILUTED> 0.08