{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-051634","form_type":"8-K","ticker":"ARDT","cik":"0001756655","company_name":"Ardent Health, Inc.","filed_at":"2025-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.346116+00:00","generated_at":"2026-05-16T21:21:20.078103+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Ardent Health Q3 net loss $23M; cuts 2025 adj. EBITDA guidance to $530-555M","bullets":["Revenue $1.58B (+8.8% YoY); net loss attributable of $23M vs net income $26M in Q3 2024.","Adjusted EBITDA $143M (+46.3% YoY); excludes $43M revenue cut from accounting estimate change.","Professional liability reserves increased by $54M from adverse New Mexico claims (single provider, 2019-2022).","2025 adj. EBITDA guidance revised down to $530-555M (prior $575-615M) on higher professional fees & payor denials.","Workforce optimization, contract renegotiations launched to mitigate pressures; liquidity $904M, net leverage 1.0x."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-051634","json":"https://secwatch.observer/filing/0001628280-25-051634.json","markdown":"https://secwatch.observer/filing/0001628280-25-051634.md","text":"https://secwatch.observer/filing/0001628280-25-051634.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1756655/000162828025051634/0001628280-25-051634-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1756655/000162828025051634/ardt-20251112.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T21:21:20.078103+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}