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The Joint Corp. Acquires Clinic in Los Angeles County

1164 Days ago

- Accelerating Expansion of Company-Owned or Managed Clinics, Represents the Third Added to the Portfolio in 2019 -

SCOTTSDALE, Ariz., March 18, 2019 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ: JYNT), a national operator, manager and franchisor of chiropractic clinics, repurchased a franchised clinic located in West Covina, increasing the number of company-owned or managed clinics to 51.  This is the first clinic buyback and third company-owned or managed clinic added to the portfolio in 2019.    

Peter D. Holt, President and Chief Executive Officer of The Joint Corp., said, “Our 2019 goal is to increase momentum by building our nationwide brand through clinic storefronts, growing system-wide sales, and delivering shareholder value.  Our strategy is to continue to use our regional developer community to drive franchise sales and development and to thoughtfully accelerate our corporate clinic portfolio expansion.  As we focus on clustered locations to leverage existing infrastructure, support and marketing, we capitalized on the opportunity to buy back the West Covina franchise, which is one of 37 clinics in the Los Angeles metropolitan area.”

“We are delighted to expand our footprint in Los Angeles. This is an important market that has demonstrated growing adoption of chiropractic care,” concluded Holt.

About The Joint Corp. (NASDAQ: JYNT)
Based in Scottsdale, Arizona, The Joint is an emerging growth company that is reinventing chiropractic care by making quality care convenient and affordable for patients seeking pain relief and ongoing wellness. Its no-appointment policy and convenient hours and locations make care more accessible, and affordable membership plans and packages eliminate the need for insurance. With over 450 clinics nationwide and over 6 million patient visits annually, The Joint is a key leader in the chiropractic profession. For more information, visit www.thejoint.com or follow the brand on Twitter, Facebook, YouTube and LinkedIn. 

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, Massachusetts, 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.

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

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