Core Viewpoint - The article discusses a pending securities class action against Ardent Health, Inc. due to allegations of improper accounting practices that misled investors, leading to significant financial losses and a stock price collapse [2][8]. Group 1: Allegations and Legal Proceedings - The litigation centers on Ardent's alleged use of a rigid 180-day cliff for reserving uncollectible accounts, conflicting with prior claims of using detailed historical reviews for receivables valuation [2][8]. - The complaint suggests that Ardent delayed recognizing losses to maintain an artificial earnings quality profile during its initial public company phase [3][8]. - The lead plaintiff deadline for the class action is set for March 9, 2026, and investors who purchased shares between July 18, 2024, and November 12, 2025, are being advised to participate [4][5]. Group 2: Financial Impact and Stock Performance - Following the revelation of the accounting practices, Ardent experienced a 33% stock collapse, with a nearly 34% drop in stock price after disclosures on November 12, 2025 [2][8]. - The company reported a $54 million increase in professional liability reserves and a $42.6 million revenue reduction due to a new accounting method for estimating collectability of accounts receivable [8]. - The allegations also include claims that Ardent did not maintain sufficient professional malpractice liability insurance, contributing to the financial instability [8].
ARDT WRITE OFFS: Hagens Berman Investigating Claims Against Ardent Health (ARDT) Over Alleged $97M Accounting Shock and "180-Day Cliff" Reserves