Summary
Ardent Health has filed to raise $100 million in a U.S. IPO, although the final figure could be as high as $200 million.
Ardent is an acute care hospital owner with facilities primarily in the lower Midwest and Southern U.S. regions.
The firm has grown recently through several acquisitions and is owned by healthcare REIT Ventas.
I'll provide an update when we learn more details about the IPO from management.
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Quick Take
Ardent Health Partners (ARDT) intends to raise gross proceeds of $100 million from a U.S. IPO, according to an S-1 registration statement.
The firm, formerly known as Behavioral Healthcare Corporation, operates a network of hospitals and healthcare facilities, mostly in the lower Midwest and South.
ARDT has grown recently through several acquisitions, so management’s pricing and valuation assumptions will be critical for the IPO’s potential value to investors.
