Segments

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Segments

Segments

The Company has one reportable segment, which is healthcare services. The healthcare services segment generates revenues

by delivering care to its customers, or patients, through its integrated network of hospitals, ambulatory facilities, and

physician practices. The Company's Chief Operating Decision Maker ("CODM") is its President and Chief Executive Officer,

who regularly reviews financial operating results on a consolidated basis for purposes of allocating resources and evaluating

financial performance. The Company’s CODM manages the operations on a consolidated basis to make decisions about

overall company resource allocation and to assess overall company performance.

The CODM’s assessment of segment performance and allocation of segment resources is based on consolidated net income

attributable to Ardent Health, Inc. The CODM uses this consolidated profitability measure to monitor budget versus actual

results, compare Company profitability period-over-period and make capital investment decisions.

The following table presents the composition of consolidated net (loss) income attributable to Ardent Health, Inc. for the

healthcare services segment, including significant expenses that are regularly provided to and reviewed by the CODM (in

thousands):

		Three Months Ended September 30,		Nine Months Ended September 30,
		2025	2024	2025	2024
Total revenue		$1,576,746	$1,449,817	$4,719,260	$4,359,783
Less:
Employee salaries and benefits		652,993	610,724	1,932,237	1,802,053
Contract labor		23,969	24,499	74,074	78,737
Supplies		275,881	251,862	805,375	769,034
Medical professional fees		121,901	101,004	338,103	295,295
Contract services		183,182	173,219	544,849	515,525
Other segment items (1)		342,298	262,187	933,767	803,000
Net (loss) income attributable to Ardent Health, Inc.		$(23,478)	$26,322	$90,855	$96,139
(1)	Other segment items included in net (loss) income attributable to Ardent Health, Inc. for each of the periods presented primarily consists of rent expense, interest expense, depreciation and amortization, income tax (benefit) expense, other operating expenses, loss on extinguishment and modification of debt, other non-operating losses (gains) and net income attributable to noncontrolling interests.

The measure of segment assets is reported on the unaudited condensed consolidated balance sheets as total consolidated

assets. The accounting policies for the segment are consistent with the consolidated accounting policies provided in Note 2.

As of September 30, 2025 and December 31, 2024, all of the Company’s long-lived assets were located in the United States,

and for the three and nine months ended September 30, 2025 and 2024, all revenue was earned in the United States.