Shareholders who lost money in shares of Ardent, Inc. (NYSE: ARDT) Should Contact Wolf Haldenstein Immediately

NEW YORK, Jan. 20, 2026

Nature of the Action:

Federal securities class action alleging violations of the federal securities laws. The lawsuit asserts that Ardent and certain executives made materially false and/or misleading statements and omissions regarding the Company's financial condition, revenue recognition practices, internal accounting controls, and exposure to liabilities.

Key Allegations:

The complaint centers on disclosures made on November 12, 2025, when Ardent revealed:

• A $43 million reduction in Q3 2025 revenue, attributed to revised accounts receivable collectability determinations following the implementation of a new revenue accounting system (Kodiak RCA net revenue platform).
• The new system recognized reserves earlier in the life cycle of receivables, replacing a prior framework that used a 180-day "cliff," allegedly revealing weaknesses in prior revenue recognition practices.
• A reduction in full-year 2025 EBITDA guidance by approximately $57.5 million at the midpoint (about 9.6%), citing persistent industry-wide cost pressures, including payer denials.
• A $54 million increase in professional liability reserves related to recent settlements and ongoing litigation tied to a limited set of claims from 2019–2022 in New Mexico, as well as broader industry "social inflation" trends.

Market Reaction:

Following these announcements, Ardent's stock price fell $4.75 per share, or approximately 33.81%, closing at $9.30 on November 13, 2025.

Lead Plaintiff Deadline:

Investors seeking appointment as Lead Plaintiff must file a motion with the court no later than March 9, 2026.

Why Wolf Haldenstein Adler Freeman & Herz LLP?:

This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.

We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.

Contact:

• Phone: (800) 575-0735 or (212) 545-4774
• Email: classmember@whafh.com
• Contact Person: Gregory Stone, Director of Case and Financial Analysis

Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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SOURCE Wolf Haldenstein Adler Freeman & Herz LLP