2025
Our purposeiscaring for people:our patients,
our communitiesand one another.
To our valued stockholders,
2025 was a year of disciplined execution and renewed focusfor our company. Despite continued industry pressure fromreimbursement dynamics, labor availability, and cost inflation,we advanced our strategy, strengthened our operations, andtook important steps that position us well for the years ahead.
2025
We delivered strong performance on nationally recognizedpatient quality measures while driving steady volume growthacross our markets and expanding our outpatient footprint.At the same time, we reinforced our strong financial positionthrough disciplined capital management. These outcomes
reflect deliberate operating and capital allocation choices focused onstrengthening the core of our system portfolio.
During the year, we introduced targeted initiatives to enhance efficiency andsharpen our organizational focus. Rather than pursuing broad expansion, weprioritized operating consistency, cost discipline, and targeted outpatientgrowth across our existing footprint.
We also continued to invest in our future – advancing our consumer-firstplatform, expanding proven virtual care offerings, and deploying technologythat streamlines workflows and drives better patient outcomes. Theseinvestments improve access and affordability while supporting caregiversand preserving financial flexibility.
Our progress reflects the dedication of our 25,000 team members and2,000 affiliated providers who bring our purpose of caring for people tolife every day and enable us to deliver high-quality care in an evolvinghealthcare landscape.
With the scale to compete and the agility to adapt, we are well positionedto continue building a more resilient, future-ready organization and creatingsustained value for our stockholders.
Thank you for your support.
Sincerely,
Martin J. BonickPresident & Chief Executive OfficerArdent Health
Mark R. SotirChairman of the BoardArdent Health
OurOperating Model
Ardent Health’s Operating Model guides how we lead, grow and deliver care across our markets. Builton four pillars – People First, Consumer Centered, Growth Minded and Value Driven – and groundedin ourArdent Wayvalues, it helps us leverage our unique differentiators to drive excellence andsustainable growth.
PeopleFirst
ConsumerCentered
Caring for the people who care for others
Delivering seamless accessand high-quality care
By investing in new tools and AItechnologies, we are making worksimpler for our 25,000 team memberswhile improving care for patients.
Anchored by a network of 2,000providers, our comprehensive system ofhospitals, outpatient facilities and virtualcare services makes it easy to accesscare when and where it’s needed.
GrowthMinded
ValueDriven
Operating efficiently, sustainablyand with intention
Smart growth that expands our reachand impact
With 30 hospitals and 280 sites of careacross six states, we are leveragingour scale and standardized platform tosupport growth and drive efficiency.
Our focus on fast growing mid-sizedurban markets – supported by adisciplined growth strategy and uniquejoint venture model – positions us forsustained, smart growth.
To learn more about Ardent Health, read our Community Impact Report.Scan the QR code or click here.
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