DivestmentMay 1, 2026, 05:01 PM
Joint Corp Sells 45 Clinics for $2.3M, Shifts to Pure-Play Franchisor
AI Summary
The Joint Corp. announced the sale of 45 corporate-owned or managed clinics in Southern California to Elite Chiro Group for approximately $2.3 million. This transaction is a key step in the company's strategy to become a capital-light, pure-play franchisor. On April 27, 2026, 13 clinics were officially closed, with Elite Chiro Group assuming ownership, while operations for the remaining 32 clinics were transferred under a Management Service Agreement pending lease assignments.
Key Highlights
- Joint Corp. sold 45 corporate-owned or managed clinics in Southern California.
- The aggregate purchase price for the clinics is $2.3 million.
- Elite Chiro Group, led by Gadi Emein and Michael Aminpour, is the buyer.
- 13 clinics officially closed on April 27, 2026, with ownership transferred.
- Elite Chiro Group assumed operations for the remaining 32 clinics via a Management Service Agreement.
- The transaction is a key step in shifting to a capital-light, pure-play franchisor model.
- Upon completion, corporate-managed clinics will be reduced to 3 out of 960 total locations.