LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz reminds investors of the upcoming March 9, 2026 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Ardent Health, Inc. (“Ardent” or the “Company”) (NYSE: ARDT) securities between July 18, 2024 and November 12, 2025, inclusive (the “Class Period”).
IF YOU ARE AN INVESTOR WHO LOST MONEY ON ARDENT HEALTH, INC. (ARDT), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.
What Happened?
On November 12, 2025, after market hours, Ardent released its third quarter 2025 financial results, revealing a $43 million decrease in revenue. The Company explained it had “recently completed hindsight evaluations of historical collection trends” and as a result, had significantly negatively revised the collectability of certain accounts receivable.
Additionally, the Company reported a $54 million increase in professional liability reserves due to “recent settlements and ongoing litigations arising from a limited set of claims between 2019 and 2022 in New Mexico” as well as “broader industry trends, including social inflationary pressures.”
On this news, Ardent’s stock price fell $4.75, or 33.8%, to close at $9.30 per share on November 13, 2025, thereby injuring investors.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Ardent did not primarily rely on “detailed reviews of historical collections” in determining collectability of accounts receivable nor did “management determine . . . [when an] account is uncollectible.”; (2) the Company’s accounts receivable framework “utilized a 180-day cliff at which time an account became fully reserved,” which allowed Ardent to report higher amounts of accounts receivable during the Class Period, and delay recognizing losses on uncollectable accounts; (3) Ardent did not maintain professional malpractice liability insurance in amounts “sufficient to cover claims arising out of [its] operations”; (4) Ardent’s professional liability reserves were insufficient to cover “significant social inflationary pressure in medical malpractice cases the past several years,” which had been an “increasing dynamic year-over-year” in the Company’s New Mexico market; and (5) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired Ardent securities between July 18, 2024 and November 12, 2025, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is March 9, 2026.
Contact Us To Participate or Learn More:
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us:
Frank R. Cruz
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com
