One of the newer publicly traded health care companies in the U.S., Ardent Health (NYSE: ARDT), is ramping up its ambulatory care M&A activity. The Brentwood, Tennessee-based Ardent announced Friday the acquisition of 18 urgent care clinics across New Mexico and Oklahoma from NextCare Urgent Care. Financial terms of the transaction were not disclosed. “Expanding our urgent care footprint represents significant progress in our mission to create a consumer-focused ecosystem of care in … [Read more...]
ASC Operator Ardent Health Partners Files IPO Paperwork, Highlights ‘Robust Pipeline of Ambulatory Opportunities’
There might soon be another ambulatory surgery center (ASC) player on the public market. Ardent Health Partners announced Friday that it filed the necessary paperwork to go public with the U.S. Securities and Exchange Commission (SEC). The S-1 filed by Ardent outlined plans to raise $100 million in an initial public offering, though that’s likely a placeholder, with the exact number of shares to be offered and the price range for the proposed offering to be later determined. Ardent Health … [Read more...]