Ardent Health Services, Nashville, said it will delay reporting third-quarter earnings while its audit committee completes a review of accounting procedures at Ardent's Lovelace Sandia Health System in Albuquerque. The company announced in September that the board committee was reviewing accounting practices used to reconcile accounts between Lovelace Sandia's health plan and five hospitals. The audit could delay third-quarter filings until mid-January, Ardent said. The review does not involve third-party or government payers. Ardent built Lovelace Sandia with the 2002 acquisitions of four-hospital St. Joseph Health System and Lovelace Health System, an integrated system with a health plan and hospital. Ardent has 15 acute-care and 20 behavioral-care hospitals. -- by Vince Galloro
Ardent's audit of N.M. unit to delay earnings news
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.