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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 expanded its corporate portfolio by opening two greenfield clinics and acquiring six previously franchised clinics, raising its total to 126 locations. In 2022, the company opened 16 new clinics and acquired 16 others, enhancing its presence in various states, including Arizona and California. The management highlighted that investments in their corporate portfolio are vital for long-term growth. However, uncertainties related to labor shortages and the impact of COVID-19 on operations remain significant concerns for future performance.
The Joint Corp. (NASDAQ: JYNT), a leader in chiropractic clinics, announced its participation in the 11th Annual Deer Valley Event on December 14-15, 2022, at the Montage Deer Valley Hotel in Park City, Utah. CEO Peter Holt and CFO Jake Singleton will hold one-on-one meetings during the event. Interested investors can reach out to their ROTH representative or contact LHA Investor Relations for details. With over 800 locations and nearly 11 million patient visits yearly, The Joint Chiropractic continues to innovate in accessible healthcare.
The Joint Corp. (NASDAQ: JYNT) has opened its first chiropractic clinic in Wasilla, Alaska, as part of a multi-unit franchise agreement to expand into the state. This marks a significant growth phase for the company, with plans for two additional clinics in Anchorage and another location targeted for fall 2023. With over 800 clinics nationally, The Joint aims to provide affordable chiropractic care without the need for insurance, emphasizing convenience and accessibility for patients.
The Joint Corp. has launched its "Back Friday" promotion, running from Nov. 14 to Nov. 30, offering up to four free chiropractic visits with the purchase of certain visit packages. Customers can gain one additional visit with a 6-visit package, two visits with a 10-visit package, and four visits with a 20-visit package. This initiative aims to alleviate the physical and mental stresses associated with the holiday season, promoting better health through affordable, no-appointment chiropractic care. The Joint is the largest provider in the U.S. with over 800 locations.
The Joint Corp. (JYNT) reported a 27% revenue growth to $26.6 million for Q3 2022 compared to Q3 2021, driven by strong clinic openings and organic growth. System-wide sales rose by 18% to $110.4 million, with a 6% increase in comparable sales. The company achieved a milestone of 805 clinics by the end of the quarter. However, operating income declined to $500,000 from $1.3 million, and net income was $491,000, down from $1.9 million. The company adjusted its 2022 revenue guidance to between $100 million and $102 million, reflecting ongoing challenges.
The Joint Corp. (NASDAQ: JYNT) will release its third quarter 2022 financial results on November 3, 2022, after market close. A conference call hosted by President and CEO Peter D. Holt and CFO Jake Singleton will take place at 5:00 p.m. ET to discuss these results. Interested parties can join the call by dialing (866) 652-5200 or (412) 317-6060. A live webcast and slide presentation will be available on their investor relations page. The Joint Chiropractic is recognized as the largest provider of chiropractic care in the U.S., with over 800 locations and nearly 11 million annual patient visits.
The Joint Corp. (NASDAQ: JYNT) has entered a three-year sponsorship agreement with Wofford College in Spartanburg, SC, becoming the Official Chiropractor of Wofford College Athletics through June 2025. This partnership aims to support the athletic performance of Wofford's student athletes competing in NCAA Division I. The Joint Chiropractic is recognized for its innovative approach to chiropractic care, providing affordable services without insurance barriers. With over 800 locations nationwide and nearly 11 million annual patient visits, The Joint is a leader in the chiropractic industry.
The Joint Corp. (NASDAQ: JYNT) announces that CFO Jake Singleton has been named a finalist for the Arizona CFO of the Year Awards, recognizing exemplary financial management. Under Singleton's leadership, the company has expanded its clinic count by over 60% and achieved nearly 30% annualized growth in system-wide sales, enhancing its position as the leading provider of chiropractic care in the U.S. With over 750 locations, The Joint Chiropractic model offers accessible, affordable healthcare without the need for insurance. This recognition reflects the company's ongoing commitment to quality care.
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