Ardent Health’s second attempt at an initial public offering didn’t go as well as planned, but CEO Marty Bonick said he still has big plans for growth. Bonick said the company’s growth plans won’t be affected. Brentwood, Tennessee-based Ardent said in recent Securities and Exchange Commission filings it will use proceeds for working capital, capital expenditures and debt repayment, plus expansion through acquiring complementary businesses, products, services or technologies. In an interview, Bonick discussed those plans and why an IPO made sense for Ardent.
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Source: https://www.modernhealthcare.com/finance/ardent-marty-bonick-ipo-equity-group