|
By: The Joint Corp. | 0 Shares 48 Reads |
January 27, 2023 // Franchising.com // SCOTTSDALE, Ariz. – The Joint Corp. (NASDAQ: JYNT), the nation’s largest provider of chiropractic care through The Joint Chiropractic® network, has been identified as a Top Franchise for 2023 by Franchise Business Review. In addition, The Joint is one of just 50 national franchise brands selected to the publication’s 2022 report on the Most Profitable Franchises, and ranks as one of 80 brands on its list of Top Franchises for Veterans.
“The Joint is honored to again be recognized by Franchise Business Review in these three important categories,” said Peter D. Holt, president and CEO of The Joint Corp. “To receive such high praise from the franchise community is a testament to our strong business model as well as our teams’ focus to provide more communities across the country with affordable, accessible chiropractic care.”
For all three lists, Franchise Business Review analyzed data from 38,000 franchise owners representing more than 360 national franchise brands regarding their overall satisfaction with their brand and their likelihood to recommend it to others. Other factors included annual income of franchise owners and minimum startup capital requirement. The Joint franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including leadership, training and support, operations, franchisor/franchisee relations, and financial opportunity.
About Franchise Business Review
Franchise Business Review (FBR) is a leading market research firm serving the franchise sector. FBR measures the satisfaction and engagement of franchisees and franchise employees and publishes various guides and reports for entrepreneurs considering an investment in a franchise business. Since 2005, FBR has surveyed hundreds of thousands of franchise owners and over 1,200 leading franchise companies.
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 over 800 locations nationwide and more than 12 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 in 2022 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.
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 nationwide labor shortage, which has negatively impacted our ability to identify and recruit qualified chiropractors and other personnel to staff our clinics, inflation, which has led to increased labor costs and interest rates and may lead to reduced discretionary spending by our current and potential patients, the continuing impact of the COVID-19 outbreak, which has caused significant disruption to our operations in the past and may continue to do so in the future in ways that remain unpredictable, our inability to successfully implement our growth strategy if we or our franchisees are unable to locate and secure sites for clinic locations or attract patients to our clinics, a failure to profitably operate company-owned or managed clinics, short-selling strategies and negative opinions posted on the internet which could drive down the market price of our common stock and result in class action lawsuits, our failure to remediate any future material weaknesses in our internal control over financial reporting, which could negatively impact our ability to accurately report our financial results, prevent fraud, or maintain investor confidence, expected new federal regulations and state laws and regulations regarding joint employer responsibility, which could negatively impact the franchise business model, a breach of our IT security systems and those of our third-party service providers (as recently experienced by one of our marketing vendors), which could result in civil liability and a diminished public perception of our security measures, and other factors described in our filings with the SEC, including in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on March 14, 2022 and subsequently-filed current and quarterly reports. 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.
SOURCE The Joint Chiropractic
###
Media Contact:
Margie Wojciechowski
The Joint Corp.
(480) 245-5960 x 210
margie.wojciechowski@thejoint.com
