Ardent Health, Inc. reported a total revenue of $1.58 billion for the third quarter of 2025, marking an increase of 8.8% from $1.45 billion in the same period last year. For the nine months ending September 30, 2025, revenue reached $4.72 billion, up 8.2% from $4.36 billion in 2024. Despite this growth, the company experienced a net loss attributable to Ardent Health, Inc. of $23.5 million for the third quarter, compared to a net income of $26.3 million in the prior year. For the nine-month period, net income attributable to the company was $90.9 million, down from $96.1 million in 2024.
The increase in revenue was driven by a 5.8% rise in net patient service revenue per adjusted admission and a 2.9% increase in adjusted admissions. However, the company noted a significant accounting change that resulted in a $42.6 million reduction in revenue due to a new technique for estimating the collectability of accounts receivable. This adjustment impacted the overall financial results for the quarter. Operating expenses also rose, totaling $1.58 billion, which included a notable increase in professional liability reserves of $47.2 million due to adverse claim developments in New Mexico.
In terms of strategic developments, Ardent Health completed the acquisition of 18 urgent care clinics in New Mexico and Oklahoma for $27.5 million at the beginning of 2025. This acquisition is part of the company's ongoing efforts to expand its service offerings and geographic footprint. As of September 30, 2025, Ardent operated 30 acute care hospitals across six states, with a total of 4,281 licensed beds. The company employed 1,917 providers, reflecting a 3% increase in affiliated providers compared to the previous year.
Looking ahead, Ardent Health's management expressed optimism about future growth, citing the potential benefits of recent acquisitions and ongoing operational improvements. The company also highlighted its strong liquidity position, with cash and cash equivalents totaling $609.4 million and available liquidity of $903.8 million as of September 30, 2025. This financial stability is expected to support the company's strategic initiatives and operational needs in the coming quarters.
About Ardent Health, Inc.
Ardent Health Partners, Inc. operates a healthcare system focused on providing high-quality inpatient, outpatient, and specialty services across mid-sized U.S. markets. Through a network of 30 hospitals, numerous clinics, and virtual care platforms, it emphasizes consumer-centric, integrated care, leveraging advanced technology and strategic joint ventures. The company aims to expand market share, improve outcomes, and deliver cost-effective, value-based healthcare in growing communities.
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