Equity Group-Backed Ardent Health Files for IPO in Second Try

Hospital operator <-rte-company state="{"_id":"00000190-3cfa-d497-a7fb-fcff7af30000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Ardent Health Partners Inc., whose majority owner is Equity Group Investments, has filed again for an initial public offering.

Tennessee-based Ardent filed Friday with the US Securities and Exchange Commission after abandoning a previous IPO plan four years ago. Ardent won’t disclose proposed terms for the share sale until a later filing.

Ardent could seek to raise $400 million or more in the offering, with the company valued at about $5 billion, Bloomberg News <-bsp-bb-link state="{"bbDocId":"SEIR6JDWX2PS","_id":"00000190-3cfa-d497-a7fb-fcff7af40000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">reported this month.

In Friday’s filing, Ardent disclosed net income of $45.9 million on revenue of $1.4 billion for the three ...