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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. (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.
The Joint Corp. (NASDAQ: JYNT) will report its third quarter 2020 financial results on November 5, 2020, after market close. President and CEO Peter D. Holt and CFO Jake Singleton will discuss the results in a conference call at 5:00 p.m. ET. Interested parties can preregister for the call here. The webcast and presentation will be available for one year in the IR events section.
The Joint Corp. (NASDAQ: JYNT) has partnered with the Miami Hurricanes, becoming their official chiropractor until June 30, 2023. This collaboration aims to support student-athletes by enhancing their performance through routine chiropractic care, which is believed to improve flexibility and decrease recovery times. CEO Peter D. Holt emphasizes the link between chiropractic care and athletic success, noting that many elite athletes utilize these services. The Joint has over 550 locations nationwide and is a leader in affordable chiropractic care.
The Joint Corp. (NASDAQ: JYNT) is promoting Spinal Health Month this October, emphasizing spinal wellness amid increased sedentary lifestyles due to COVID-19. With over 550 clinics nationwide, the company provides affordable chiropractic care, aiming to alleviate pain and enhance mobility. Highlighting statistics from the CDC, CEO Peter D. Holt notes that only 25% of Americans were meeting daily exercise recommendations before the pandemic, underscoring the risk of an inactive lifestyle. Chiropractic adjustments are positioned as a solution for improved structural support and nerve function.
The Joint Corp. (NASDAQ: JYNT) has announced its participation in two upcoming virtual conferences in September 2020. Management will present at the LD Micro 500 Virtual Event on September 2 at 12:00 PM PT, followed by virtual one-on-one meetings. Additionally, The Joint will partake in the Lake Street Best Ideas Growth Conference on September 17, also featuring virtual 1x1 meetings. Presentation materials will be available on the company’s Investor Relations website. The Joint operates over 500 chiropractic clinics nationwide, emphasizing accessible, affordable care.
The Joint Corp. (NASDAQ: JYNT) provided over $1.7 million in free chiropractic care to new patients in June 2020, exceeding its initial estimate of $1 million. Despite the challenges posed by the COVID-19 pandemic, more than 60,000 new patients utilized this offer. CEO Peter D. Holt noted that the pandemic has increased demand for chiropractic services as many Americans face neck and back pain from working from home. The Joint operates over 500 locations and strives to promote wellness through affordable, drug-free care.
The Joint Corp. (NASDAQ: JYNT) will release its second quarter 2020 financial results on August 6, 2020, after market close. President and CEO Peter D. Holt and CFO Jake Singleton will host a conference call at 5:00 p.m. ET to discuss the results. Interested parties can preregister for direct access to the call or dial in 20 minutes prior with specific reference codes. The live webcast and accompanying slides will be available in the Investor Relations section of their website for one year.
The Joint Corp. (NASDAQ: JYNT) has opened two new corporately-managed chiropractic clinics in the Los Angeles area on June 1 and July 1, 2020. This expansion raises the total number of corporate clinics to 63 and regional clinics to 30. CEO Peter D. Holt highlighted the strong performance in Los Angeles, prompting the company's expansion despite previous pauses due to COVID-19. With over 500 locations nationwide and over 7 million patient visits annually, The Joint continues to lead the chiropractic industry by making care more accessible.
The Joint Corp. (NASDAQ: JYNT) announced its participation in the virtual 17th Annual Craig-Hallum Institutional Investor Conference on May 27, 2020. President and CEO Peter D. Holt, along with CFO Jake Singleton, will engage in one-on-one meetings. The company pioneered a retail healthcare model for chiropractic care, boasting over 500 locations and more than 7 million patient visits annually. Recognized on Franchise Times' "Top 200+ Franchises" and Entrepreneur’s "Franchise 500®" lists, The Joint is transforming access to affordable chiropractic care.
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