Jun. 25 at 11:13 AM
$JYNT Joint Corp. has signed a binding APA for sale of 31 clinics in AZ, NM
The Joint Corp. has signed a binding Asset Purchase Agreement, APA, for the sale of 31 corporate owned and managed clinics in Arizona, AZ, and New Mexico, NM, to Joint Ventures in exchange for cash and the regional developer territory rights of the Northwest region. The sale is expected to close on or before June 30, 2025. In addition, the company refranchised five clinics to Chiro 93 in the Kansas City region.
Joint Ventures, The Joint's largest franchisee, will acquire 31 clinics, increasing its clinic count to 96 clinics located throughout California, Oregon, New Mexico, and Arizona, and agreed to open another 10 clinics in this same region. The Joint to acquire the regional developer rights to the Northwest region, consisting of 46 existing franchised clinics and 30 sites for future clinic development. The Joint sold the five clinics along with future development rights in the Kansas City region to Chiro 93, led by existing franchisee Dr. Clint Morrow, D.C.
