The Joint Chiropractic Expands to Alaska, Signs Franchise Agreement for Three Clinics

Rhea-AI Summary

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.

Positive

• First clinic in Alaska opens, expanding The Joint's footprint to 40 states.
• Multi-unit franchise agreement for three clinics indicates growth potential.
• Plans for additional clinics in Anchorage and another location show commitment to market expansion.

Negative

• None.

-First The Joint clinic opens in Wasilla, Alaska-

SCOTTSDALE, Ariz., Dec. 6, 2022 /PRNewswire/ -- The Joint Corp. (NASDAQ: JYNT), the nation's largest provider of chiropractic care through The Joint Chiropractic^® network, has signed a multi-unit franchise agreement in the state of Alaska for three clinics. The first of the three recently opened in Wasilla, Alaska, with a second clinic planned for Anchorage in the first quarter of next year. The franchisees are targeting fall 2023 for the third location. Alaska extends The Joint's footprint to 40 states.

"Opening in Alaska marks a new phase of growth for our brand," said Peter D. Holt, President and CEO The Joint Corp.

Ron and Julie Kluff, James Petersen, D.C., Toni Petersen and Jerusha Overton are the franchisees growing the brand in Alaska. The Kluffs also own three The Joint locations in Utah, and the Petersons are previous franchisees who have rejoined the brand to develop Alaska. Overton will operate the businesses on behalf of the group.

"Alaska is an incredible place to live and work and has a great need for affordable and convenient chiropractic care. We are excited to fill that need with our new clinic opening in Wasilla - the first of its kind in Alaska," said Dr. Tyler Petersen, D.C.

The Joint Chiropractic is known for its convenient retail setting and concierge-style services including no-appointments, no-insurance hassles, affordable chiropractic care and accommodating hours of operations, including evenings and weekends.

"The opportunity to expand into another new territory is a significant milestone for a brand. The Joint's presence in Alaska marks an exciting new phase of growth for our company," said Peter D. Holt, President and CEO of The Joint Corp.

About The Joint Chiropractic

The Joint Corp. revolutionized access to chiropractic care when it introduced its retail healthcare business model in 2010. Today, it is the nation's largest operator, manager and franchisor of chiropractic clinics through The Joint Chiropractic network. The company is making quality care convenient and affordable, while eliminating the need for insurance, for millions of patients seeking pain relief and ongoing wellness. With more than 800 locations nationwide and nearly 11 million patient visits annually, The Joint Chiropractic is a key leader in the chiropractic industry. Ranked number one on Forbes' 2022 America's Best Small Companies list, number three on Fortune's 100 Fastest-Growing Companies list and consistently named to Franchise Times "Top 400+ Franchises" and Entrepreneur's "Franchise 500^®" lists, The Joint Chiropractic is an innovative force, where healthcare meets retail. For more information, visit www.thejoint.com.

Business Structure

The Joint Corp. is a franchisor of clinics and an operator of clinics in certain states. In Arkansas, California, Colorado, District of Columbia, Florida, Illinois, Kansas, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Washington, West Virginia and Wyoming, The Joint Corp. and its franchisees provide management services to affiliated professional chiropractic practices.

This clinic is owned and operated by TJ Administration Inc.

 

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SOURCE The Joint Corp.

FAQ

What is the significance of The Joint's first clinic in Alaska?

The opening of The Joint's first clinic in Alaska marks a significant expansion of its footprint to 40 states, indicating growth and increased accessibility to chiropractic care.

How many clinics does The Joint plan to open in Alaska?

The Joint has signed a franchise agreement to open three clinics in Alaska, with the first opening in Wasilla, a second planned for Anchorage, and a third targeting fall 2023.

What services does The Joint offer through its clinics?

The Joint offers affordable chiropractic care with no insurance hassles, including convenient hours of operation and a no-appointments policy, aiming to make care accessible to all.

When did The Joint announce the opening of its Wasilla clinic?

The Joint announced the opening of the Wasilla clinic on December 6, 2022.

What is The Joint's approach to chiropractic care?

The Joint utilizes a retail healthcare model to provide chiropractic care, focusing on convenience, affordability, and eliminating the need for insurance.