Ardent Health Partners, Inc. reported a total revenue of $1,449.8 million for the three months ended September 30, 2024, reflecting a 5.2% increase from $1,377.7 million in the same period of 2023. For the nine months ended September 30, 2024, total revenue reached $4,359.8 million, marking a 7.3% increase from $4,063.4 million in the prior year.
Operating expenses for the three months ended September 30, 2024, totaled $1,392.8 million, up from $1,331.8 million in the same period of 2023. For the nine-month period, operating expenses increased to $4,164.0 million from $3,920.7 million in the previous year.
Net income for the three months ended September 30, 2024, was reported at $46.0 million, compared to $38.7 million in the same quarter of 2023. For the nine months, net income rose to $158.8 million from $118.2 million in the prior year. Net income attributable to Ardent Health Partners, Inc. for the three months ended September 30, 2024, was $26.3 million, an increase from $20.8 million in the same period of 2023. For the nine months, this figure increased to $96.1 million from $58.1 million in the previous year.
The company reported net cash provided by operating activities of $195.5 million for the nine months ended September 30, 2024, compared to $154.2 million in the same period of 2023. As of September 30, 2024, cash and cash equivalents stood at $563.1 million, up from $437.6 million as of December 31, 2023.
Total assets as of September 30, 2024, were $4,800.0 million, compared to $4,731.6 million at the end of 2023. Total liabilities decreased to $3,413.1 million from $3,649.2 million as of December 31, 2023. Equity attributable to Ardent Health Partners, Inc. increased significantly to $1,005.9 million, compared to $670.9 million at the end of the previous fiscal year.
About Ardent Health Partners, Inc.
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