Ardent Health, Inc. (NYSE: ARDT)

This lawsuit is for anyone who acquired securities in Ardent Health, Inc. (NYSE: ARDT) from July 18, 2024 through November 12, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by delaying the recognition of delinquent accounts as being uncollectable for the purpose of overstating income.

On November 12, 2025, after market hours, Ardent released its third quarter 2025 financial results, revealing a $43 million decrease in revenue. The Company explained it had “recently completed hindsight evaluations of historical collection trends” and as a result, had significantly negatively revised the collectability of certain accounts receivable. Additionally, the Company reported a $54 million increase in professional liability reserves due to “recent settlements and ongoing litigations arising from a limited set of claims between 2019 and 2022 in New Mexico” as well as “broader industry trends, including social inflationary pressures.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Ardent Health, Inc. (NYSE: ARDT) from July 18, 2024 through November 12, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.