The Joint Corp., a franchisor and operator of chiropractic clinics, acquired the rights to open clinics and sell franchise licenses in the regional developer territory of northern New Jersey for $250,000 on March 17. The move, which the franchisor announced March 23, represents four franchised clinics and the opportunity for additional corporate clinics, the company said in the announcement.
“This purchase expands our platform to accelerate growth as we execute our long-standing strategy to open greenfield clinics within clusters,” Peter Holt, president and CEO of The Joint Corp., said in a statement, adding that the company’s goal is to have 1,000 open clinics by the end of 2023.
As of March 17, the company-owned or managed portfolio reached 99 clinics, with three greenfield clinics opened — meaning no clinic had existed in the area previously — since Dec. 31, 2021.
The Joint Corp., headquartered in Scottsdale, Ariz., introduced its retail health care business model in 2010.