SCOTTSDALE, Ariz., January 27, 2021 / PRNewswire / – The Joint Corp. (NASDAQ: JYNT), the nation’s largest provider of chiropractic care through the Joint Chiropractic® network, continues to receive awards and recognition for its growing business model in retail healthcare. Several of the most established and respected national rankings have recognized The Joint for its proliferation of new clinics, perseverance and resilience during the pandemic.
“Our continued growth and ability to care for patients and provide quality care during a pandemic shows the strength of our business model and reflects our ranking on these much admired industry lists,” he said Peter D. Holt, President and CEO of the Joint Corp. “The Joint Corp. is honored to be recognized by Forbes, Franchise Times and Entrepreneur as we aim to reach 1,000 units by 2023 and provide accessible, high quality chiropractic care to communities across the country.”
The joint was named in the following lists or expanded in its ranking list:
- Forbes 2021 America’s Best Small Business List, with The Joint named number 13 of 100 companies. Forbes’ list of America’s Best Small Cap Companies was compiled using data from FactSet. A search was made for companies with a market value between $ 300 million and $ 2 billion, positive sales growth in the last 12 months and a share price of at least $ 5. Financial institutions, REITs, utilities, and limited partnerships were excluded, as were companies that had been on the stock market for less than a year. The ranking is based on earnings and sales growth over the past 12 months and over 5 years, return on equity of one year and 5 years, and total return of 52 weeks. The data from the last 12 months in the ranking was given more weight.
- Franchise Times Fast & Serious List 2021, ranking of the fastest growing brands, with The Joint Chiropractic moving up 17 places to 17th place compared to the previous year. Franchise Times has developed a formula to identify rapidly growing franchise systems that are also enduring as an antidote to several other rankings that include too many year-long wonders. Regulator Matt Haskin developed a proprietary 10-point formula that includes percentage sales growth, percentage unit growth, dollar sales growth, and numerical unit growth over the past three years. The database for the project is the Franchise Times Top 200+ annual ranking of the largest franchise systems by revenue, published in October. Haskin identified the companies that had submitted information for this project for every three years and then selected those with the above system-wide revenue for analysis $ 40 million.
- The entrepreneur’s 2021 Franchise 500® ranking, with The Joint moving up 20 places to 58th place compared to the previous year. The key factors in evaluating the entrepreneur are costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative rating based on more than 150 data points, and the 500 franchises with the highest cumulative ratings are ranked as the Franchise 500®.
The Joint Chiropractic is the nation’s largest network of uninsured, privately paid chiropractic clinics in The United States. Millions of Americans have found relief from pain because of the benefits of chiropractic’s natural, drug-free approach to health care.
About common chiropractic
The Joint Corp. revolutionized access to chiropractic when she introduced her retail healthcare business model in 2010. Today, the company makes quality of care convenient and affordable, without the need for insurance, for millions of patients seeking pain relief and continued wellbeing. With more than 550 locations across the country and over seven million patient visits per year, The Joint Chiropractic is a leader in the chiropractic industry. Named “Top 200+ Franchises” in the Franchise Times and the entrepreneur’s “Franchise 500®” lists, The Joint Chiropractic is an innovative force where healthcare and retail meet. More information is available at www.thejoint.com. For information on franchise opportunities, visit www.thejointfranchise.com.
The business structure of the Joint Corp.
The Joint Corp. is a clinic franchisor and operator of clinics in certain states. in the 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 for related professional chiropractic practices.
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 about industry trends, our future financial and operational 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 could cause our actual results to differ materially from our expectations of future results expressed or implied in forward-looking statements and you should not place undue reliance on such statements. Factors that could contribute to these disparities include, but are not limited to, the ongoing impact of the COVID-19 outbreak on the economy and our business operations (including temporary clinic closures, reduced business hours, and decreased patient demand), our failure to develop or acquire by Company or Managed Clinics as soon as intended, our failure to operate Company or Managed Clinics profitably and the other factors described under “Risk Factors” in our Annual Report on Form 10-K as filed with the SEC as the year ended December 31, 2019, updated or revised for any material changes described in subsequent quarterly reports on Form 10-Q or other SEC filings. Words such as “anticipate”, “believe”, “continue”, “estimate”, “expect”, “aim”, “aim”, “intend”, “may”, “opportunities”, “plan”, “potentially”, “Short-term”, “Long-term”, “Projections”, “Assumptions”, “Projects”, “Guidelines”, “Forecasts”, “Prospects”, “Goals”, “Trends”, “Should” “Could”, “Would.” “,” will “and similar expressions are intended to identify such forward-looking statements. We qualify forward-looking statements based on these cautionary factors only. We undertake no obligation to update or revise any forward-looking statement for any reason or to update any reason why actual results are material These forward-looking statements may differ from those anticipated in these forward-looking statements, even as new information becomes available in the future. Comparisons of results for current and prior periods are not intended to express future trends or indications of future performance unless expressed as such, and should be viewed as historical data only.
SOURCE The Joint Corp.