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Hospital operator Ardent Health pulls planned $100M IPO

Ardent Health Partners LLC will not proceed with a planned IPO of $100 million of its common shares on the New York Stock Exchange.

The company submitted a request for withdrawal of registration statement to the SEC on Jan. 8.

The Nashville, Tenn.-based operator of hospitals and healthcare facilities, which does business as Ardent Health Services, previously planned to list on the U.S. stock exchange under the ARDT symbol.

Ardent initially planned to use net proceeds from the canceled IPO to repay debt and to finance general corporate purposes.