Ardent Health, which operates hospitals and health care clinics in six states, filed on Friday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal Renaissance Capital estimates could raise up to $500 million. Ardent Health states that it is the fourth largest privately held, for-profit operator of hospitals in the US. The company currently operates in eight mid-sized urban markets across six states, delivering care through a system of 30 acute care hospitals, more than 200 sites of care, and over 1,700 providers, as of March 31, 2024.
Read the full article: Hospital Operator Ardent Health Files for an Estimated $500M IPO //
Source: https://www.renaissancecapital.com/IPO-Center/News/105352/Hospital-operator-Ardent-Health-files-for-an-estimated-$500-million-IPO