Hospital chain Ardent Health Partners files for an estimated $200 million IPO

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Ardent Health Partners, an LBO'd operator of 31 acute care hospitals, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $200 million. The offering is a combination of primary and secondary shares.

The Nashville, TN-based company was founded in 1993 and booked $3.9 billion in historical sales for the 12 months ended September 30, 2018. It plans to list on the NYSE under the symbol ARDT. Ardent Health filed confidentially on October 26, 2018.  Barclays, Citi, J.P. Morgan, BofA Merrill Lynch, Credit Suisse, Goldman Sachs and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Hospital chain Ardent Health Partners files for an estimated $200 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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