Core Viewpoint - A class action lawsuit has been filed against Ardent Health, Inc. for allegedly misleading investors regarding its accounts receivable and financial reporting [1][2]. Group 1: Allegations - The complaint states that Ardent Health reported inflated accounts receivable and delayed recognizing losses on uncollectable accounts [2]. - It is alleged that Ardent Health did not maintain sufficient professional malpractice liability insurance to cover claims arising from its operations [2]. - On November 12, 2025, Ardent Health disclosed a $43 million decrease in third quarter 2025 revenue due to revised assessments of accounts receivable collectability, leading to a significant stock price drop of nearly 34% [2]. Group 2: Legal Actions - Shareholders who purchased Ardent Health securities between July 18, 2025, and November 12, 2025, may be eligible to participate in the class action [1][3]. - Interested shareholders must submit their papers to the court by March 9, 2026, to serve as lead plaintiff [3]. Group 3: Company Background - Ardent Health, Inc. operates acute care hospitals and other healthcare facilities [1].
Shareholder Rights Law Firm Robbins LLP Urges ARDT Investors to Contact the Firm About Leading the Class Action Lawsuit Against Ardent Health, Inc.