Ardent Health, Inc. reported significant financial growth in its latest quarterly results, with total revenue reaching $1.645 billion for the three months ended June 30, 2025, marking an increase of 11.9% from $1.471 billion in the same period last year. For the first half of 2025, revenue rose to $3.143 billion, up 8.0% from $2.910 billion in the prior year. The company attributed this growth to a 10.2% increase in net patient service revenue per adjusted admission and a 1.6% rise in adjusted admissions, driven by higher patient volumes in both admissions and emergency room visits.
Operating expenses also increased, totaling $1.523 billion for the second quarter, up from $1.389 billion a year earlier. However, as a percentage of total revenue, operating expenses decreased from 94.4% to 92.6%, indicating improved operational efficiency. The company reported net income of $95.7 million for the quarter, compared to $67.0 million in the previous year, resulting in a net income attributable to Ardent Health, Inc. of $72.9 million, or $0.52 per diluted share, up from $0.34 per share in the prior year.
In terms of strategic developments, Ardent Health completed the acquisition of 18 urgent care clinics in New Mexico and Oklahoma for $27.5 million on January 1, 2025. This acquisition is expected to enhance the company's service offerings and expand its market presence. Additionally, the company has maintained a strong operational footprint, operating 30 acute care hospitals across six states, with a total of 4,281 licensed beds.
The company’s balance sheet remains robust, with total assets of $5.027 billion as of June 30, 2025, compared to $4.956 billion at the end of 2024. Cash and cash equivalents stood at $540.6 million, providing ample liquidity for ongoing operations and future investments. Ardent Health's management expressed confidence in the company's ability to navigate potential challenges, including regulatory changes and market conditions, while continuing to focus on enhancing patient care and operational performance. The outlook remains positive, with expectations for continued revenue growth and strategic expansion in the healthcare sector.
About Ardent Health, Inc.
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