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The Joint Corp. (NASDAQ: JYNT) is a pioneering company in the chiropractic care industry, transforming the traditional and often misunderstood concept of routine chiropractic care into an accessible and affordable reality. Founded in 1999 by Dr. Fred Gerretzen, The Joint Corp. has grown into the nation's largest provider of chiropractic care through its extensive network of The Joint Chiropractic® clinics. Headquartered in Scottsdale, Arizona, the company operates over 900 locations across 42 states, serving millions of patients annually.
The company operates through two key segments: Corporate Clinics and Franchise Operations. The Corporate Clinics segment includes company-owned or managed clinics, while the Franchise Operations segment covers franchised clinics. This dual approach allows The Joint Corp. to maintain high standards of care and expand its footprint efficiently.
Our Mission: The Joint Corp. aims to improve the quality of life through routine and affordable chiropractic care, eliminating the need for insurance. Experienced, licensed chiropractors develop personalized treatment plans to relieve pain and provide ongoing preventative care. The company's unique business model emphasizes convenience with no appointments required, no insurance hassles, and extended hours, including evenings and weekends.
Achievements and Recent Developments:
- Expansion: Recently, The Joint Corp. debuted its first location in West Virginia, extending its reach to 42 states. This expansion reflects the company's strategy to grow its presence nationwide through both corporate-owned and franchised clinics.
- Financial Performance: For Q3 2023, The Joint Corp. reported revenue of $29.5 million, a 11.3% increase compared to the same period in 2022. The company continues to execute its strategic plan to refranchise or sell a majority of its company-owned clinics, focusing on high-performing locations to drive profitability.
- Community Engagement: The Joint Chiropractic has partnered with Rachel's Challenge, a nonprofit organization dedicated to preventing school violence, to promote wellness and community well-being.
- Innovative Care: The Joint Chiropractic offers concierge-style services in a retail setting, making chiropractic care accessible to everyone from children to seniors. Special promotions, such as the 'Back Friday' offering during peak seasons, enhance the value provided to patients.
With its retail healthcare business model, The Joint Corp. is consistently recognized on various prestigious lists, including Franchise Times' 'Top 500+ Franchises' and Entrepreneur's 'Franchise 500.' The company's innovative approach continues to revolutionize the chiropractic industry, making quality care both convenient and affordable.
The Joint Corp. (NASDAQ: JYNT) will report its fourth quarter 2020 financial results on March 4, 2021, post-market close. Following the announcement, President and CEO Peter D. Holt, along with CFO Jake Singleton, will hold a conference call at 5:00 p.m. ET to discuss the financial outcomes. Interested participants can preregister for immediate access to the call or dial in 20 minutes prior to the start. The live webcast and accompanying slides will be available on their investor relations site for one year, with an audio archive accessible for a week.
The Joint Corp. (NASDAQ: JYNT), the largest provider of chiropractic care in the U.S., has named Bosco Enterprises, LLC as the regional developer for Wisconsin and western Michigan. Managed by Jeff and Laura Bosco, who have been multi-unit franchisees since 2014, this development agreement targets cities including Milwaukee and Grand Rapids. The Joint's membership model eliminates insurance needs, promoting a recurring revenue stream for franchisees. The company's rapid growth and expansion underscore its role in improving access to chiropractic care.
The Joint Corp. (NASDAQ: JYNT) has received recognition from top national ranking lists, highlighting its expanding retail healthcare model and resilience during the pandemic. The company aims to operate 1,000 clinics by 2023 and has seen notable rankings: Forbes named it the 13th Best Small Company, Franchise Times ranked it 17th on its Fast & Serious List, and Entrepreneur placed it 58th in its Franchise 500. This acclaim underscores The Joint's commitment to delivering accessible chiropractic care across the U.S.
The Joint Corp. (NASDAQ: JYNT) has partnered with the University of South Florida (USF) and Vinik Sports Group (VSG) to become the official chiropractor of USF Athletics. This collaboration highlights the importance of chiropractic care in enhancing athletic performance and preventing injuries. The Joint’s president, Peter D. Holt, expressed pride in supporting USF Athletics. With over 550 locations nationwide and more than seven million patient visits annually, The Joint continues to lead in providing affordable chiropractic care without the need for insurance.
The Joint Corp. (NASDAQ: JYNT) has acquired regional developer territories in North Carolina and Georgia for $2.4 million, encompassing 69 franchised clinics and 37 signed agreements for unopened clinics. This acquisition increases the total number of company-owned or managed clinics to 64. The CEO emphasized that this move will enhance margin contributions and reduce expenses related to sales commissions and royalties. The company also aims to open corporate clinics in these mature markets while continuing to expand its franchise operations.
The Joint Corp. (NASDAQ: JYNT), the largest provider of chiropractic care in the U.S., has been ranked #59 in Entrepreneur magazine's inaugural Top Growth Franchises list. This ranking recognizes companies with significant franchise unit growth over a three-year period. The Joint Chiropractic aims to expand its footprint to 1,000 locations by the end of 2023. The ranking showcases its business model and development momentum, emphasizing its strategic growth amidst challenges faced in the franchise sector.
The Joint Corp. (NASDAQ: JYNT) has announced its participation in the Roth Virtual Deer Valley Conference scheduled for December 10-11, 2020. CEO Peter D. Holt and CFO Jake Singleton will conduct one-on-one meetings on December 10 and 11. Investors interested in scheduling meetings should reach out to their Roth representative. Since its inception in 2010, The Joint has transformed chiropractic care accessibility, boasting over 550 locations and seven million patient visits annually.
The Joint Corp. (JYNT) reported impressive financial results for Q3 2020, achieving a 21% revenue increase to $15.4 million compared to Q3 2019. They posted a record net income of $1.6 million, up 160%, and a record Adjusted EBITDA of $2.6 million, up 84%. The clinic count rose to 560 with 22 new clinics opened. Franchise licenses sold increased to 30 from 28 year-over-year. With strong performance, the company reestablished guidance, expecting 2020 revenue between $58 million and $59 million, exceeding 2019 levels.
The Joint Corp. (NASDAQ: JYNT) announced its Black Friday promotion to help individuals handle holiday stress, running from Nov. 23 to Nov. 30. Patients can enjoy two free chiropractic visits with a 10-visit package purchase or four free visits with a 20-visit package purchase. As stress may lead to physical discomfort, chiropractic adjustments aim to improve joint movement and reduce pain. The Joint Chiropractic is recognized for its accessible, no-appointment service model, providing affordable care without insurance hassles.
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