LabCorp (NYSE: LH) is now a member of the Standard & Poor’s 500 list.

The company was added at the end of trading on Oct. 29.

“We are very pleased that LabCorp has been added to the S&P 500 and believe this will benefit both our company and our shareholders,” said Thomas Mac Mahon, chairman and chief executive officer, in a statement. “This recognition is a result of the growth of our company and the leadership position we have attained in our industry.”