The Joint Corp. Set to Join S&P SmallCap 600

Rhea-AI Summary

The Joint Corp. (NASDAQ:JYNT) announced its inclusion in the S&P SmallCap 600 effective May 27, 2021. This recognition reflects the company's efforts to enhance access to chiropractic care through a retail model, emphasizing quality and affordability without insurance. President and CEO Peter D. Holt highlighted the commitment of the entire team towards improving patient quality of life. The S&P SmallCap 600 tracks financially viable small-cap companies, showcasing the growth potential of The Joint in the chiropractic industry, which includes over 600 locations and 8 million annual patient visits.

Positive

• Inclusion in S&P SmallCap 600 enhances visibility and credibility.
• Strategic focus on expanding clinics and attracting new patients supports long-term growth.
• Strong operational model with over 600 locations and 8 million annual visits demonstrates market leadership.

Negative

• Potential risks from ongoing COVID-19 impacts on operations and patient demand.
• Relatively volatile nature of small-cap stocks may affect market perception.

SCOTTSDALE, Ariz., May 25, 2021 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ:JYNT), a national operator, manager, and franchisor of chiropractic clinics, announced the company has been selected by the S&P Dow Jones Indices to join the S&P SmallCap 600® effective prior to the opening of trading on Thursday, May 27, 2021.

“We are delighted to be included in the S&P SmallCap 600,” said President and CEO, Peter D. Holt. “The Joint’s mission is to revolutionize access to chiropractic care. We bring quality, convenient, affordable chiropractic care to retail; serve patients seeking pain relief and ongoing health and wellness; and provide essential healthcare services in a convenient membership-based, concierge format. Our strategy to build our brand; increase awareness of the efficacy of chiropractic care; attract new patients; and open more clinics has delivered strong results and positioned the company for long-term growth. Inclusion in this prestigious index is recognition of the unwavering commitment of our entire system – our doctors, wellness coordinators, franchisees, regional developers, and corporate staff – for their dedication to improving the quality of life of our patients."

About The S&P SmallCap 600®
The S&P SmallCap 600® (Ticker: SML) seeks to measure the small-cap segment of the U.S. equity market. The index is designed to track companies that meet specific inclusion criteria to ensure that they are liquid and financially viable. For more information, please visit S&P Dow Jones Indices.

About The Joint Chiropractic
The Joint Corp. revolutionized access to chiropractic care when it introduced its retail healthcare business model in 2010. Today, 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 600 locations nationwide and over eight million patient visits annually, The Joint Chiropractic is a key leader in the chiropractic industry. Named on Franchise Times "Top 200+ 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.

Forward-Looking Statements 
This press release contains statements about future events and expectations that constitute forward-looking statements. Forward-looking statements are based on our beliefs, assumptions and expectations of industry trends, our future financial and operating performance and our growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties that may cause our actual results to differ materially from the expectations of future results we express or imply in any forward-looking statements, and you should not place undue reliance on such statements. Factors that could contribute to these differences include, but are not limited to, the continuing impact of the COVID-19 outbreak on the economy and our operations (including temporary clinic closures, shortened business hours and reduced patient demand), our failure to develop or acquire company-owned or managed clinics as rapidly as we intend, our failure to profitably operate company-owned or managed clinics, and the other factors described in “Risk Factors” in our Annual Report on Form 10-K as filed with the SEC for the year ended December 31, 2020, as updated or revised for any material changes described in any subsequently-filed Quarterly Reports on Form 10-Q or other SEC filings. Words such as, "anticipates," "believes," "continues," "estimates," "expects," "goal," "objectives," "intends," "may," "opportunity," "plans," "potential," "near-term," "long-term," "projections," "assumptions," "projects," "guidance," "forecasts," "outlook," "target," "trends," "should," "could," "would," "will," and similar expressions are intended to identify such forward-looking statements. We qualify any forward-looking statements entirely by these cautionary factors. We assume no obligation to update or revise any forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

Media Contact: Margie Wojciechowski, The Joint Corp., margie.wojciechowski@thejoint.com
Investor Contact: Kirsten Chapman, LHA Investor Relations, 415-433-3777, thejoint@lhai.com 

FAQ

When did The Joint Corp. join the S&P SmallCap 600?

The Joint Corp. was included in the S&P SmallCap 600 effective May 27, 2021.

What does the inclusion of JYNT in the S&P SmallCap 600 mean?

Inclusion in the S&P SmallCap 600 signifies that The Joint Corp. meets specific liquidity and financial viability criteria, enhancing its visibility to investors.

What is The Joint Corp.'s business model?

The Joint Corp. operates a retail healthcare model focusing on affordable chiropractic care without requiring insurance.

How many locations does The Joint Chiropractic have?

The Joint Chiropractic has over 600 locations across the United States.

What are the main challenges faced by The Joint Corp.?

The main challenges include potential impacts from COVID-19 on clinic operations and patient demand as well as the inherent volatility of small-cap stocks.