Becker's Healthcare July 18, 2024
Brentwood, Tenn.-based Ardent Health raised about $192 million in a downsized initial public offering, Bloomberg reported July 18.
The for-profit health system sold 12 million shares at $16 per share on July 17, giving it a market value of about $2.2 billion, according to the report. The company had aimed to sell 14.3 million shares at $20 to $22 per share to raise $3.14 billion.
Ardent said it plans to use the proceeds from its IPO to support growth...
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