Strong Admissions Growth
Admissions grew 7.6% driven by strong underlying growth and heightened flu season, with inpatient surgery growth of 3.4%.
Revenue and EBITDA Increase
First-quarter revenue increased 4% to $1.5 billion. Adjusted EBITDA grew 2.5% to $98 million.
Operational Cost Improvements
Supply costs as a percent of revenue declined 60 basis points year-over-year, with expectations of further margin improvements by 100 to 200 basis points over the next three to four years.
Credit Rating Upgrade
S&P upgraded Ardent Health's credit rating to B+ from B, reflecting improved net leverage and cash flow profile.
Successful Integration of NextCare Clinics
Integration of 18 NextCare urgent care clinics is expected to generate additional downstream volumes in Tulsa and Albuquerque markets.