#United States #New York #securities lawsuit #Wolf Haldenstein #Ardent

Important Alert for Ardent, Inc. Investors

Background

Shareholders of Ardent, Inc. (NYSE: ARDT) are urged to take immediate action following a significant federal securities class action lawsuit. Initiated by Wolf Haldenstein Adler Freeman & Herz LLP, this lawsuit targets misconduct leading to misrepresentation of the company's financial viability and market practices.

Details of the Class Action

The lawsuit is designed to protect investors who purchased Ardent shares during the class period running from July 18, 2024, to November 12, 2025. The deadline for affected investors to position themselves as lead plaintiffs is swiftly approaching, with a cutoff of March 9, 2026. Any individual seeking to join this class action is strongly encouraged to do so before this deadline to safeguard their rights as shareholders.

Allegations Against Ardent

The allegations against Ardent focus on several critical issues:

• - Misleading Financial Statements: The lawsuit claims that Ardent’s executives provided materially false information regarding the company's financial conditions. This includes dubious revenue recognition practices and internal accounting weaknesses that potentially misled investors about the company's fiscal health.
• - Substantial Revenue Adjustments: On November 12, 2025, Ardent disclosed a startling $43 million reduction in revenue for Q3 2025. This drop was attributed to changes in accounts receivable collectability assessments due to a recent implementation of a new revenue accounting system, named Kodiak RCA net revenue platform. The earlier framework proved untenable, leading to a rethink of how revenues were recognized, prompting doubts about prior financial statements.
• - Revised Earnings Guidance: The company also slashed its full-year 2025 earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance by $57.5 million, signaling an approximately 9.6% decrease. This revision stems from persisting industry-wide cost pressures, including payer denials which were previously unacknowledged.
• - Increased Liability Reserves: Furthermore, a $54 million rise in professional liability reserves linked to claims from 2019 to 2022 in New Mexico was reported, reflecting broader industry trends towards increased liabilities due to “social inflation.”

Market Reaction

The market reacted swiftly to Ardent’s disclosures, resulting in a significant stock price drop of $4.75 per share — approximately 33.81% — closing at $9.30 on November 13, 2025. Such a dramatic decline underscores the sentiments of investors and the gravity of the accusations.

Wolf Haldenstein's Commitment to Investors

Wolf Haldenstein Adler Freeman & Herz LLP, with over a century of experience in securities litigation, remains devoted to fighting for the rights of investors suffering financial losses due to corporate deceit. Their extensive legal prowess and established track record designate them as a trusted advocate for those impacted by such incidents.

How to Get Involved

Investors with any information regarding Ardent, or those who have been adversely affected by the company’s actions, are encouraged to reach out to Wolf Haldenstein directly. Their contact details include:

• - Phone: (800) 575-0735 or (212) 545-4774
• - Email: [email protected]

Conclusion

In these times of uncertainty, it is pivotal for Ardent, Inc. shareholders to remain vigilant and aware of their rights within the context of this federal securities class action. Join the lawsuit to ensure your voice is heard and your investments are protected.