How Private Equity Is Buying Up Chiropractic Clinics

Lucas and Luna dig into a quiet but fast-growing corner of healthcare roll-ups: chiropractic clinics. With backing from private equity firms, regional chains like ChiroOne and The Joint Corp are consolidating a fragmented industry of solo practitioners. Lucas walks through the economic logic — stable recurring revenue, low overhead, insurance tailwinds — and why some chiropractors are selling while others resist. Luna asks whether the model actually improves patient care or just boosts billing. Specific numbers: The Joint Corp went from 500 clinics to over 900 since 2020; private equity deal volume in chiropractic grew roughly 25% year-over-year from 2021 to 2025. They also discuss regulatory risks, the rise of cash-pay models, and what the roll-up playbook looks like when applied to a profession that prides itself on independence. A focused look at one niche where the consolidation wave keeps rolling. #PrivateEquity #ChiropracticClinics #HealthcareRollUps #ChiroOne #TheJointCorp #Consolidation #RollUpStrategy #FragmentedIndustry #BusinessPodcast #FexingoBusiness #TheBuyoutShow #HealthcareInvesting #CashPayModel #InsuranceReimbursement #SoloPractitioners #PracticeAcquisition #HealthcareConsolidation #InvestingTrends Keep every episode free: buymeacoffee.com/fexingo