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Joint Q2 Earnings Call Highlights
['Latisha Jones']
Daily Political
In Southern California, ownership has transferred for 32 clinics, while 13 remaining clinics are operated by the buyer under management service agreements.
In the Southeast, ownership has transferred for six clinics, while the buyer operates 15 remaining clinics under management service agreements.
Once the transfers are finalized, The Joint expects to have three company-owned or managed clinics remaining.
Management expects the four completed transactions to reduce regional developer royalties by about $630,000 annually, partly offset by internal territory-management costs.
About Joint (NASDAQ:JYNT)The Joint Chiropractic, Inc, doing business as Joint (NASDAQ: JYNT), is a franchisor and operator of outpatient chiropractic clinics in the United States.