Brentwood, Tenn.-based Ardent Health reported a net income of $41.3 million (2.8% margin) in the first quarter, up from $27 million (1.9% margin) in the first quarter of 2024, according to financial documents published May 6.
“Ardent delivered solid first quarter 2025 results that reflect the successful execution of our strategic priorities and put us on track to meet our full-year financial targets,” President and CEO Marty Bonick said. “Strong underlying volumes and a heightened flu season drove a 7.6% increase in admissions. Adjusted admissions grew 2.7%, tracking toward the upper end of our 2025 guidance and showing durable demand.”
Four things to know:
1. First-quarter revenue increased 4$ year over year to $1.5 billion and adjusted EBITDA grew 2.5% to $98 million.
2. Ardent continues to make progress executing on its strategic growth initiatives, according to Mr. Bonick. Inpatient volumes were solid, with inpatient surgeries increasing 3.4%, driven by improved transfer center operations. The health system is also driving ambulatory growth through the integration of the 18 NextCare urgent care assets it acquired in January.
3. Mr. Bonick noted that a disciplined focus on operations led to a 60 basis point year-over-year reduction in supply costs, as a percentage of revenue, along with a moderation in the growth of professional fee expenses.
4. Ardent has $1.1 billion in long-term debt and $4.9 billion in total assets.
