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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), the largest chiropractic care provider in the U.S., will release its first quarter 2023 financial results on May 4, 2023, post-market close. A conference call featuring President and CEO Peter D. Holt and CFO Jake Singleton is scheduled for 5:00 p.m. EDT to discuss these results. Interested attendees can join the call by calling (833) 630-0823 or (412) 317-1831 around 15 minutes before the start time. Additionally, the live webcast with a slide presentation will be available on their investor relations website and archived for one year. The Joint Chiropractic operates over 800 locations nationwide, promoting accessible and affordable chiropractic care without insurance requirements, and has received various accolades for its business model.
The Joint Corp. (NASDAQ: JYNT) announced that franchisees Noah Stone and Vy Tran have been awarded the prestigious Franchisee of the Year by the International Franchise Association (IFA) at its 63rd Annual Convention in Las Vegas on March 28, 2023. The couple operates nine clinics in Houston, consistently ranking among the top performers for sales and patient acquisition across The Joint's network of over 800 locations. The award highlights their exemplary service to the community and contributions to the franchise industry. Stone also serves on the National Franchisee Advisory Board, showcasing their leadership and commitment to the brand.
The Joint Corp. (NASDAQ: JYNT) has signed its first franchise agreement outside the continental U.S., planning to open two clinics in Puerto Rico, targeting South San Juan and Guaynabo. The first clinic is set to open in Fall 2023. The Comerfords, who have a background in chiropractic care, expressed enthusiasm about bringing affordable chiropractic services to Puerto Rico. The Joint Chiropractic is recognized for its no-appointment, no-insurance model, making it a leader in retail chiropractic care with over 800 locations across the U.S. and ranked among top franchises in various business lists.