Financial OutlookThe company is moving from a period of EBITDA growth tailwinds to headwinds, reflecting a meaningful shift in financial outlook.
Medicaid And Exchange CutsIncreasing headwinds from cuts to Medicaid and Accountable Care Act (ACA) exchanges are expected to lower volume growth and increase bad debt.
Regulatory RisksARDT should trade at a discount to publicly traded hospital peers due to its smaller scale, lower-margin profile, greater execution risk in ambulatory, and potential regulatory risks.