Ardent Health (ARDT) Hit With Securities Class Action Amid Receivables and Reserves Issues Driving 33% Plunge – Hagens Berman
GlobeNewswire Inc.
•
•By Hagens Berman
Ardent Health (ARDT) faces a securities class action lawsuit following Q3 2025 disclosures revealing $90 million in adverse accounting adjustments related to accounts receivable collectability and liability reserves. The company's stock plunged 33% after revealing a $42.6 million revenue decrease and $47.2 million increase in professional liability reserves. Investors allege company leadership failed to disclose material weaknesses in internal controls, instead using a 180-day cliff reserve method rather than the detailed historical collection reviews previously claimed.