Joint Corp signs $1.5M APA for 22 SE clinics, terminates $4.5M APA for 45 CA clinics

JOINT Corp

Sold 22 clinics in VA, NC, SC for aggregate purchase price of $1,482,800; buyers are existing franchisees/operators.
Buyers will pay $100K down payment; remaining balance via promissory notes; lease assignments required for closing.
Delivered termination notice on Dec 11 for prior APA to sell 45 Southern California clinics for $4.5M due to buyer's failure to meet conditions.
No penalties for termination; company reiterates belief in franchise community expansion.

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