Investigation Alert: LONG-TERM Investors who lost money with shares of Ardent Health, Inc. (NYSE: ARDT) should contact the Shareholders Foundation

An investigation on behalf of current long-term investors in shares of Ardent Health, Inc. (NYSE: ARDT) concerning potential breaches of fiduciary duties by certain directors and officers of Ardent Health, Inc. was announced.

Investors who are current long term investors in Ardent Health, Inc. (NYSE: ARDT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: ARDT stocks follows a lawsuit filed against Ardent Health, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: ARDT stocks, concerns whether certain Ardent Health, Inc. directors are liable in connection with the allegations made in that lawsuit.

Brentwood, TN based Ardent Health, Inc. owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. Ardent Health, Inc. (NYSE: ARDT) reported that its annual Total Revenue rose from over $5.4 billion in 2023 to over $5.99 billion in 2024, and that its Net Income increased from $53.9 million in 2023 to $210.34 million in 2024.

On November 12, 2025, Ardent Health, Inc. revealed a $43 million decrease in third quarter 2025 revenue. The decrease resulted from revised determinations of accounts receivable collectability after the Company transitioned to a new revenue accounting system and from purported "recently completed hindsight evaluations of historical collection trends." The new system-called the Kodiak RCA net revenue platform-provided management with "additional information to more precisely" determine accounts receivable collectability, including "more timely consideration of payor denial and payment trends." Ardent revealed that the new system "recognizes reserves earlier in an account's life cycle" compared to the Company's prior collectability framework, which "had utilized a 180-day cliff at which time an account became fully reserved." Ardent also announced a cut to 2025 EBITDA guidance of $57.5 million at the midpoint, or about 9.6%, from $575 million - $625 million to $530 million - $555 million because of "persistent industry-wide cost pressures," including "payer denials." In addition, Ardent Health, Inc. recorded a $54 million increase in professional liability reserves "with respect to recent settlements and ongoing litigation arising from a limited set of claims between 2019 and 2022 in New Mexico" as well as "consideration of broader industry trends, including social inflationary pressures."

Shares of Ardent Health, Inc. (NYSE: ARDT) declined from $20.72 per share on October 16, 2024, to $8.28 per share on November 17, 2025.

According to that complaint filed in the U.S. District Court for the Middle District of Tennessee the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 18, 2024 and November 12, 2025, the defendants made false and/or misleading statements and/or failed to disclose that Ardent Health did not primarily rely on "detailed reviews of historical collections" in determining collectability of accounts receivable nor did "management determine[] [when an] account is uncollectible", that Ardent Health's accounts receivable framework "utilized a 180-day cliff at which time an account became fully reserved," which allowed Ardent Health to report higher amounts of accounts receivable during the Class Period, and delay recognizing losses on uncollectable accounts, that consequently, Ardent Health's reported financial position was materially false and misleading, that Ardent Health did not maintain professional malpractice liability insurance in amounts "sufficient to cover claims arising out of [its] operations", and that Ardent Health's professional liability reserves were insufficient to cover "significant social inflationary pressure in medical malpractice cases the past several years," which had been an "increasing dynamic year-over-year" in Ardent Health'sNew Mexico market.

Those who purchased shares of Ardent Health, Inc. (NYSE: ARDT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.