Core Insights - Ardent Health, Inc. experienced a significant decline in share price, dropping over 33% in intraday trading on November 13, 2025, following the announcement of a $43 million decrease in revenue and a $54 million increase in professional liability reserves [1][3]. Financial Performance - The company reported a $43 million drop in revenue for Q3 2025, attributed to new insights from "hindsight evaluations of historical collection trends" and adjustments in estimating accounts receivable collectability [2]. - A $54 million rise in professional liability reserves was noted, linked to adverse prior period claim developments due to recent settlements and ongoing litigation in New Mexico [2]. Legal Investigation - Gibbs Mura is investigating a potential securities class action lawsuit against Ardent Health, focusing on possible violations of federal securities laws following the company's financial disclosures [1][6].
Ardent Health, Inc. (ARDT) Under Investigation After Shares Plummet Over 33%