Ardent Health Reports Second Quarter 2024 Results
Ardent Health Partners, Inc. (ARDT)
Company Research
Source: Business Wire
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Ardent Health Partners, Inc. (NYSE: ARDT) (“Ardent Health” or the “Company”), a leading provider of healthcare in growing mid-sized urban communities across the U.S., today announced results for the second quarter ended June 30, 2024.Second Quarter 2024 Financial Summary(All comparisons versus the same prior year period, unless otherwise noted)Total revenue of $1.47 billion, an increase of 7.5%Net income of $67 millionNet income attributable to Ardent Health Partners, Inc. of $43 million, or $0.34 per basic and diluted shareAdjusted EBITDA of $122 million, an increase of 20.0%Adjusted EBITDAR of $162 millionAdjusted admissions increased 3.4%Net patient service revenue per adjusted admission increased 4.1%Cash flow from operating activities of $120 million, an increase of $77 millionSubsequent to the end of the quarter, the Company completed its initial public offering ("IPO") of 13.8 million shares of common stock for net proceeds (after underwri
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News
- Ardent Health Appoints Dave Styblo to Lead Investor RelationsBusiness Wire
- Ardent Health to Participate in the Morgan Stanley 22nd Annual Global Healthcare ConferenceBusiness Wire
- Ardent Health Partners, LLC (NYSE: ARDT) was upgraded by analysts at Leerink Partnrs to a "strong-buy" rating.MarketBeat
- Ardent Health Partners, LLC (NYSE: ARDT) is now covered by analysts at Bank of America Co.. They set a "buy" rating and a $22.00 price target on the stock.MarketBeat
- Ardent Health Partners, LLC (NYSE: ARDT) is now covered by analysts at Loop Capital. They set a "buy" rating and a $18.00 price target on the stock.MarketBeat
ARDT
Earnings
- 8/14/24 - Beat
ARDT
Sec Filings
- 8/14/24 - Form 10-Q
- 8/14/24 - Form 8-K
- 8/14/24 - Form SEC
- ARDT's page on the SEC website