Ardent Health Faces Legal Heat Over Financial Disclosures

Ardent Health, Inc. is in hot water. A class action lawsuit has been filed against the company and some of its top executives. This comes after the company's Q3 2025 financial results left investors feeling shortchanged. The lawsuit claims Ardent misled investors about how it handled revenue and reserves. The company had been saying it carefully reviewed past collections to decide which accounts were uncollectible. But the truth, according to the lawsuit, is that Ardent used a simple 180-day rule. After 180 days, an account was considered fully reserved. This all came to light on November 12, 2025. Ardent revealed it had switched to a new accounting method. This change forced the company to cut its revenue by $42. 6 million. The next day, during an earnings call, Ardent's CFO admitted the company had been using the 180-day rule all along. This was a big deal because it meant the company's earlier statements were misleading.On top of that, Ardent also revealed a big increase in professional liability reserves. The company said this increase was $47. 2 million. Investors did not take this news well. The next day, Ardent's stock price dropped by $4. 75, which is a 33% decrease. The law firm handling the case, Hagens Berman, is urging investors who bought Ardent securities between July 18, 2024, and November 12, 2025, to come forward. The firm is investigating whether Ardent knew about problems with its revenue accounting system. Hagens Berman is also encouraging whistleblowers to step forward. The firm says whistleblowers with non-public information could receive rewards. These rewards could be up to 30% of any successful recovery made by the SEC. Hagens Berman is a law firm that focuses on corporate accountability. The firm has a track record of securing big wins for its clients. The firm's team has recovered over $2. 9 billion in cases like this. Investors who want more information about the case can visit the firm's website. They can also contact the firm directly for more details.