Ardent Health falls after surprise quarterly loss

Ardent Health

13/11/2025 14:10

** Shares of hospital operator Ardent Health ARDT.N fall 32.4% to $9.50 premarket

** Company posts Q3 net loss of 17 cents per share compared to analysts' estimated profit per share of 41 cents - LSEG data

** Reports Q3 revenue of $1.58 billion compared to estimates of $1.55 billion

** "Professional Fee growth accelerated to 11% in the third quarter. Additionally, payor denials were more pronounced in the third quarter," said CEO Marty Bonick

** "These dynamics drove a shortfall to our third quarter adjusted EBITDA projections and we expect fourth quarter earnings to be below our original targets," Bonick added

** As of September 30, the Company had total cash and cash equivalents of $609 million and total debt of $1.1 billion

** Up to last close, stock down 17.7% YTD

 (Reporting by Siddhi Mahatole)

 ((siddhi.mahatole@thomsonreuters.com))