Equity Group-Backed Ardent Health Files for IPO in Second Try

Hospital operator Ardent Health Partners Inc., whose majority owner is Equity Group Investments, has filed again for an initial public offering.

Tennessee-based Ardent filed Friday with the US Securities and Exchange Commission after abandoning a previous IPO plan four years ago. Ardent won’t disclose proposed terms for the share sale until a later filing.

Ardent could seek to raise $400 million or more in the offering, with the company valued at about $5 billion, Bloomberg News reported this month.

In Friday’s filing, Ardent disclosed net income of $45.9 million on revenue of $1.4 billion for the three ...