Core Viewpoint - A class action lawsuit has been filed against Ardent Health, Inc. for allegedly misrepresenting its accounts receivable collection practices, leading to inflated financial results during the class period from July 18, 2024, to November 12, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that Ardent stated it used an active monitoring process for accounts receivable collectability, but actually relied on a 180-day cliff method, which allowed for higher reported accounts receivable and delayed loss recognition [1] - Investors who suffered losses on Ardent investments have until March 9, 2026, to request lead plaintiff appointment [1] Group 2: Financial Impact - On November 12, 2025, Ardent announced a $43 million reduction in revenue due to changes in accounting estimates for accounts receivable collectability and a $54 million increase in professional liability reserves related to claims in New Mexico [2] - Following this announcement, Ardent's share price fell by $4.75, or approximately 33.8%, from $14.05 to $9.30 per share [2]
ARDT ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Ardent Health, Inc. Investors