Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Ardent Health, Inc. for allegedly misleading investors about its business operations and accounts receivable practices during the period from July 18, 2024, to November 12, 2025 [1][2]. Allegations - The lawsuit claims that Ardent Health misrepresented its accounts receivable, stating that it employed an active monitoring process for collectability, which included detailed reviews of historical collections [3]. - Defendants allegedly downplayed the issue of increased claim denials by third-party payors, framing it as a slow payment issue rather than uncollectibility, and did not write off uncollectible accounts [3]. - Contrary to their claims, Ardent Health reportedly did not rely on detailed reviews for determining collectability and instead utilized a 180-day cliff for reserving accounts, allowing for inflated accounts receivable reporting [3]. - The company also allegedly lacked sufficient professional malpractice liability insurance to cover claims, particularly in the context of increasing social inflationary pressures in medical malpractice cases in New Mexico [3]. Next Steps - Shareholders interested in participating in the class action must file motions to serve as lead plaintiff by March 9, 2026, although participation is not required for recovery eligibility [4].
Rosen Law Firm Urges Ardent Health, Inc. (NYSE: ARDT) Stockholders to Contact the Firm for Information About Their Rights