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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) 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.
The Joint Corp. (NASDAQ: JYNT) announced that board member James H. Amos, Jr. will not seek reelection at the 2023 Annual Meeting of Stockholders on May 25, 2023. This decision will reduce the board to six members until a replacement is found. Lead Director Matthew Rubel acknowledged Amos's contributions, highlighting a sixfold increase in system-wide sales from $70.1 million in 2015 to $435.3 million in 2022. The company, with over 800 clinics, aims to expand its footprint in the chiropractic industry, despite challenges such as a nationwide labor shortage and inflationary pressures.
The Joint Corp. (NASDAQ: JYNT) reported a strong financial performance for Q4 and the full year 2022, with Q4 revenue increasing by 26% to $27.8 million compared to Q4 2021, and full-year revenue growing 26% to $101.9 million. The company achieved net income of $547,000 in Q4, reversing a loss from the previous year, and total system-wide sales rose 18% to $120.1 million. The clinic count grew to 838 by year-end. For 2023, management projects revenue between $123 million and $128 million and adjusted EBITDA of $12.5 million to $14 million. The company plans to open 100-120 franchised clinics and 8-12 company-owned clinics.
The Joint Corp. (NASDAQ: JYNT), a leading chiropractic clinic operator, will attend the 35th Annual Roth Conference on March 13-14, 2023, at The Ritz-Carlton, Laguna Niguel, CA. President and CEO Peter Holt and CFO Jake Singleton will engage in a fireside chat with analyst George Kelly on March 14 at 9:30 AM PT. They will also host one-on-one meetings on March 13 and 14. Investors interested in participating should reach out to their ROTH representative or contact Kirsten Chapman at LHA Investor Relations. A live webcast of the presentation will be available for 90 days on the company's investor relations website.
The Joint Corp. (NASDAQ: JYNT) will report its fourth quarter and year-end 2022 financial results on March 9, 2023, after the market close. The company, the largest provider of chiropractic care through The Joint Chiropractic network, will hold a conference call at 5:00 p.m. ET on the same day. President and CEO Peter D. Holt and CFO Jake Singleton will discuss the financial results. Participants can listen via phone or access the live webcast, which will be available for one year. The Joint Chiropractic operates over 800 locations nationally and has been recognized in major business rankings, solidifying its position in the chiropractic industry.
The Joint Corp. (NASDAQ: JYNT) has launched its 'Love The Joint' campaign from February 1 to February 28, 2023. This initiative offers a chance for 12 participants to win a year of free chiropractic care through a sweepstakes on Instagram. To enter, participants must follow @thejointchiro, like the campaign post, comment on why they love The Joint, and tag three friends. The winners, three selected each week, will be notified via direct message. The Joint Chiropractic operates more than 800 locations nationwide, providing accessible chiropractic services without the need for insurance.
The Joint Corp. (NASDAQ: JYNT) has been recognized by Franchise Times as one of the top 40 franchises with sustainable growth, ranking 18th in the 2023 Fast & Serious list. This accolade reflects its innovative business model and focus on accessible chiropractic care, catering to the growing consumer preference for personal services. The company operates over 800 clinics nationwide, with more than 12 million patient visits annually, emphasizing no-appointments and affordable care. President and CEO Peter D. Holt highlighted this recognition as a testament to their business strength and ongoing community support.
The Joint Corp. (NASDAQ: JYNT) has been recognized in Entrepreneur magazine's Franchise 500® for 2023, moving up from No. 57 to No. 52. It also secured the top position in the Chiropractic Services category. The rankings highlight The Joint’s success in unit growth, financial stability, and brand recognition. With over 800 locations and more than 12 million patient visits annually, The Joint has established itself as a leader in the chiropractic industry. The company’s model offers affordable, appointment-free care, making it accessible for millions. More information can be found at www.thejoint.com.
The Joint Corp. (NASDAQ: JYNT), a leading provider of chiropractic care, has received multiple accolades from Franchise Business Review. It was named a Top Franchise for 2023, highlighted in the Most Profitable Franchises report, and recognized as a Top Franchise for Veterans. The rankings are based on a survey of 38,000 franchise owners assessing satisfaction and financial opportunities. The company operates over 800 locations, emphasizing affordable and accessible care without insurance requirements. In 2022, it ranked number one on Forbes' Best Small Companies list and number three on Fortune's Fastest-Growing Companies list.
The Joint Corp. (NASDAQ: JYNT) announced a strong FRANdata FUND score of 910 out of 950, indicating low default risk in franchising. This score surpasses the average of 593, making it easier for franchisees to secure favorable financing. The score is derived from 12 credit risk factors, evaluating the likelihood of loan repayment within the franchise system. CEO Peter D. Holt emphasized the importance of this score in attracting entrepreneurs to invest in The Joint Chiropractic, which offers accessible chiropractic care across its 800+ clinics, aiming to simplify patient care without insurance.
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