Ardent Health, Inc. Class Action Lawsuit
Company: Ardent Health, Inc.
Ticker: (NYSE) ARDT
Class Action Period: July 18, 2024 - November 12, 2025
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Join the Ardent Health, Inc. Class Action Lawsuit
CLASS ACTION PERIOD
July 18, 2024 - November 12, 2025
Allegations
According to the filed complaint, defendants made false statements and/or concealed that: Ardent Health 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.” Instead, the Company’s accounts receivable framework “utilized a 180-day cliff at which time an account became fully reserved.” This allowed Ardent Health to report higher amounts of accounts receivable during the Class Period, and delay recognizing losses on uncollectable accounts. Because of this, the Company’s reported financial position was materially false and misleading. What’s more, Ardent Health did not maintain professional malpractice liability insurance in amounts “sufficient to cover claims arising out of [its] operations In truth, Ardent Health’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.
Eligibility
To join the lawsuit, you must have experienced a loss on Ardent Health, Inc. shares purchased within the class period specified above.
Lead Plaintiff Deadline
If you suffered a loss in Ardent Health, Inc. during the relevant time frame, you have until March 9, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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