Joint Corp. agrees to sell 45 Southern California clinics to Elite Chiro Group for $2.3M

JOINT Corp

Total purchase price $2.3M, includes $150k non-refundable down payment; remainder paid into escrow.
Sale covers 45 company-owned/managed clinics in Southern California; clinics will convert to franchise agreements.
Buyer Elite Chiro Group also gets non-exclusive development rights for 10 additional clinics.
Closing for each clinic conditioned on lease assignment; proceeds allocated per clinic schedule.
Seller retains six other California clinics (Midtown Crossing, Inglewood, West Hollywood, Santa Monica, Mission Viejo, San Marcos).

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