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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents [1] $ 766,238 $ 709,601
Accounts receivable [1] 661,845 686,102
Inventories [1] 110,100 118,593
Prepaid expenses [1] 119,726 112,646
Other current assets [1] 378,896 431,882
Assets held for sale 133,649 0
Total current assets [1] 2,170,454 2,058,824
Property and equipment, net [1] 899,769 935,769
Goodwill [1] 861,856 879,451
Other intangible assets [1] 87,020 89,335
Deferred income taxes [1] 3,201 6,888
Other assets [1] 116,864 111,691
Total assets [1] 5,353,019 5,290,208
Current liabilities:    
Current installments of long-term debt [1] 28,763 23,444
Accounts payable [1] 399,035 457,936
Accrued salaries and benefits [1] 274,135 296,260
Other accrued expenses and liabilities [1] 260,163 268,904
Liabilities held for sale 55,262 0
Total current liabilities [1] 1,017,358 1,046,544
Long-term debt, less current installments [1] 1,069,688 1,075,782
Self-insured liabilities [1] 232,538 241,050
Other long-term liabilities [1] 85,059 76,636
Total liabilities [1] 3,571,336 3,605,244
Commitments and contingencies (see Note 9) [1]
Redeemable noncontrolling interests [1] (7,326) (1,250)
Equity:    
Preferred stock, par value $0.01 per share; 50,000,000 shares authorized; no shares issued and outstanding [1] 0 0
Common stock, par value $0.01 per share; 750,000,000 shares authorized; 140,931,614 and 142,864,171 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively [1] 1,409 1,429
Additional paid-in capital [1] 786,447 788,472
Accumulated other comprehensive income (loss) [1] 5,456 (3,610)
Retained earnings [1] 602,872 501,607
Equity attributable to Ardent Health, Inc. [1] 1,396,184 1,287,898
Noncontrolling interests [1] 392,825 398,316
Total equity [1] 1,789,009 1,686,214
Total liabilities and equity [1] 5,353,019 5,290,208
Nonrelated Party    
Current assets:    
Operating lease right of use assets [1] 318,076 292,651
Current liabilities:    
Long-term operating lease liability [1] 281,402 260,600
Related Party    
Current assets:    
Operating lease right of use assets [1] 895,779 915,599
Current liabilities:    
Long-term operating lease liability [1] $ 885,291 $ 904,632
[1] As of September 30, 2026 and December 31, 2025, the unaudited condensed consolidated balance sheets included total liabilities of consolidated variable interest entities of
$301.7 million and $335.1 million, respectively. Refer to Note 2, Summary of Significant Accounting Policies, for further discussion.