Ardent Health, Inc. (ARDT)

Ardent Health went public in July 2024 with an IPO offer price of $16.00 per share. On November 12, 2025, the company reported its Q3 2025 earnings, which led to a significant stock drop due to a decrease in revenue and increased professional liability reserves. On November 18, 2025, Ardent Health announced a share repurchase program of up to $50 million.

Ardent Health has reported strong and consistent demand trends, with admissions growing 5.8% and adjusted admissions increasing 2.9% year-over-year in Q3 2025. Total surgeries also turned positive in Q3 2025, rising 1.4%, driven by a 9.7% rise in inpatient surgeries. The aging population is a significant driver for increased demand.

Ardent Health, Inc. is a for-profit healthcare company based in Brentwood, Tennessee, operating in the Medical Care Facilities and Hospital/Nursing Management industries. It provides a range of healthcare services through its network of hospitals and clinics across the U.S., including general and specialty services, ambulatory facilities, and telehealth services. As of late 2025, the company operates 30 acute care hospitals and approximately 280 sites of care.

Ardent Health Services operates across six states in the U.S.: Idaho, Kansas, New Mexico, New Jersey, Oklahoma, and Texas. The company has a strong presence in mid-sized urban markets, with market strength concentrated in Texas (36.1%), Oklahoma (23.5%), and New Mexico (17.2%). Ardent Health has been expanding its ambulatory care operations through acquisitions.

Ardent Health has received positive recognition for its workplace culture and leadership, winning 12 awards from Comparably in 2025. Nine Ardent Health facilities earned the 2025 Leapfrog Top Hospital awards. However, the company's reputation has been impacted by a securities class action lawsuit filed in January 2026, alleging failures in disclosing material weaknesses in internal controls.

Ardent Health Services is a public company. Equity Group Investments (EGI) acquired majority ownership in August 2015. Ventas owns Ardent's real property interests and a minority stake in the operating company. The University of Texas system owns a 30% share in the UT Health Tyler joint venture, while Ardent Health owns a 70% share. Only 1.70% of Ardent Health's stock is held by insiders.