Ardent Health prepares for $100M IPO

Nashville, Tenn.-based Ardent Health Services has filed papers with the U.S. Securities and Exchange Commission to prepare for an initial public offering of $100 million, according to Nashville Business Journal.

The filing did not indicate an initial price per share but said that proceeds from the sale will go toward debt payments and possible acquisitions.

Equity Group Investments will remain Ardent's controlling shareholder, and the company will be listed on the New York Stock Exchange with the ticker symbol "ARDT."

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