Ardent Health Announces $50 Million Share Repurchase Program Authorization
Target (NYSE: TGT) received an unsolicited mini-tender offer from TRC Capital to buy up to 1,500,000 shares at $89.00 per share in cash, representing about 0.33% of outstanding shares.
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“This authorization reflects our conviction in the fundamental strength of Ardent’s business and our ability to deliver sustained, long-term shareholder value,” said Marty Bonick, President and Chief Executive Officer. “With a strong balance sheet and significant financial capacity, we are well positioned to act decisively when market conditions present attractive opportunities. The program enhances our flexibility to deploy capital in ways that align with our view of intrinsic value, while continuing to invest in strategic growth initiatives that advance our mission and expand our reach.”
The program will be funded from existing cash resources and does not impact Ardent’s ability to pursue strategic growth opportunities, including mergers and acquisitions, given its strong liquidity position with
About Ardent Health
Ardent Health (NYSE: ARDT) is a leading provider of healthcare in growing mid-sized urban communities across the
View source version on businesswire.com: https://www.businesswire.com/news/home/20251118253892/en/
Investor Contact:
Dave Styblo, CFA
Investor.Relations@ardenthealth.com
(615) 296-3016
Media Contact:
Rebecca Kirkham
rebecca.kirkham@ardenthealth.com
(615) 296-3000
Source: Ardent Health