secwatch.observer — SEC 8-K summary
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Issuer:     Ardent Health, Inc. (ARDT)
CIK:        0001756655
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001628280-25-051634
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ardent Health Q3 net loss $23M; cuts 2025 adj. EBITDA guidance to $530-555M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756655/000162828025051634/0001628280-25-051634-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756655/000162828025051634/ardt-20251112.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-051634

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer