The Joint Corp. (JYNT), a national operator, manager and franchisor of chiropractic clinics, acquired four franchised clinics increasing the number of company-owned or managed clinics to 55.
One of the purchased clinics is located in Phoenix, AZ and adds to the existing seven corporate clinics in the area that are part of the cluster of 30 clinics in the Phoenix/Scottsdale area. The other three units are in the Savannah, Georgia/South Carolina region and establish a new corporate clinic foothold in a thriving market where 21 The Joint clinics are in operation.
“As laid out in our 2019 guidance, we continue to accelerate our corporate clinic portfolio expansion, emphasizing a clustering strategy,” said Peter D. Holt, President and Chief Executive Officer of The Joint Corp. “This quarter, we are capitalizing on an opportunity to broaden a very successful market in Phoenix. Further, we are thoughtfully entering a proven region with a collection of corporate clinics in the Georgia/South Carolina region. These acquisitions leverage existing infrastructure, support and marketing, as well as enhance our overall company-owned or managed clinic economics.”
Date: 22/07/2019
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Source : Yahoo Finance
