All New Cases & Investigations

Ardent Health, Inc. Class Action Investigation

U.S. Securities Litigation

Leadership Deadline: Upcoming

Ardent Health Investigation Summary

Company Ardent Health, Inc. (NYSE:ARDT)
Relevant Securities All Ardent Securities
Investigation Overview Securities violations relating to the improper accounting for its accounts receivable and professional liability reserves
ARDT Trigger Event November 12, 2025 – Ardent Health revealed that it completed “hindsight evaluations of historical collection trends” that resulted in a $43 million decrease in revenue. Ardent Health also revealed that it increased its professional liability reserves by $54 million because of “adverse prior period claim developments”
ARDT Stock Impact November 12, 2025 – 33% Stock Drop

Ardent Health Investigation Overview

BFA is investigating whether Ardent Health violated the federal securities laws by making false and misleading statements to investors. Investors may be able to file a class action lawsuit to potentially recover losses.

If you lost money on your Ardent Health investment, you are encouraged to submit your information using the form on this page. You may also email ross@bfalaw.com or call 212.789.3619.

Why Is Ardent Health being Investigated for Securities Violations?

Ardent Health, Inc. is being investigated for securities violations following a significant stock drop resulting from potential violations of the federal securities laws. Ardent Health’s stock price decline caused significant losses to investors.

Ardent Health is a provider of healthcare in mid-sized urban communities across the U.S. The Company operates a network of hospitals, ambulatory facilities, and physician practices. During the relevant period, it appears that Ardent Health improperly accounted for its accounts receivable and professional liability reserves.

Why did Ardent Health’s Stock Drop?

On November 12, 2025, Ardent Health reported its Q3 2025 financial results. The Company revealed it had completed “hindsight evaluations of historical collection trends” that resulted in a $43 million decrease in revenue for the quarter.

Ardent Health also revealed that it increased its professional liability reserves by $54 million because of “adverse prior period claim developments” resulting from a set of claims between 2019 and 2022 “as well as consideration of broader industry trends.”

On this news, the price of Ardent Health stock dropped over 33% during the course of trading on November 13, 2025.

Ardent Health (ARDT) Stock Chart

Ardent Health ARDT Stock Chart

NYSE online chart showing the Ardent Health (ARDT) stock drop following the November 2025 announcement.

How Do I Submit My Information?

If you lost money when Ardent Health securities dropped in price, you are encouraged to submit your information using the form on this page to speak with an attorney about your rights.

You can also contact:
Ross Shikowitz
ross@bfalaw.com
212.789.3619

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of any class action lawsuit. The firm will seek court approval for any potential fees and expenses.

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS.

BFA attorneys have been named “Elite Trial Lawyers” by the National Law Journal, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

BFA’s notable successes include a recovery of over $900 million in value from Tesla Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

Attorney advertising. Past results do not guarantee future outcomes.

Frequently Asked Questions (FAQs)

The investigation is about misrepresentations Ardent Health may have made relating to how it accounted for its accounts receivable and professional liability reserves.

Contact BFA at ross@bfalaw.com or through the form on this page. There is no cost to you. We will review your information and determine whether you may have potential legal claims.

All Ardent Health securities are being analyzed as part of the investigation. If you have questions about a particular investment, submit your information to discuss your options. The types of securities that may ultimately be included in any future lawsuit have not yet been determined.

No. You may be eligible to participate whether you sold or still hold your securities. What matters is that you purchased your securities during the class period and were harmed by the alleged misconduct, not whether you still own them.

No. If you’ve experienced a loss, we recommend submitting your information for review.

See additional FAQs here.

References

Photo of Adam C. McCall
Adam C. McCall Associate