| Type | Public (NYSE: MED) |
|---|---|
| Industry | Weight loss |
| Founded | 1980 |
| Headquarters | Owings Mills, Maryland, USA |
| Key people | Bradley T. MacDonald, Chairman Michael S. McDevitt, CEO |
| Products | Medifast diet |
| Revenue | $165.62 million USD (2009) |
| Operating income | $19.37 million USD (2009) |
| Net income | $11.96 million USD (2009) |
| Employees | 365 (2010) |
| Website | www.medifast1.com |
Medifast, Inc. (NYSE: MED) is an American nutrition and weight loss company based in Owings Mills, Maryland. The company owns five subsidiaries: Jason Pharmaceuticals, Inc. (Jason), Take Shape for Life, Inc. (TSFL), Jason Enterprises, Inc., Jason Properties, LLC and Seven Crondall, LLC. Medifast produces, distributes, and sells weight management and disease management products, including the Medifast weight-loss program.
Medifast, Inc. was founded by William Vitale, M.D. in 1980.[1] His products were sold directly to doctors, who in turn prescribed them to their patients.
The products are now available directly to consumers, and the company is publicly traded on the New York Stock Exchange (symbol: MED).
In October 2010, Medifast was named the #1 Small Company in America by Forbes Magazine in the list of "America's 100 Best Small Companies." This was the third consecutive year that Forbes has recognized Medifast, which advanced to number 16 on the list in 2009, compared to number 85 in 2008.,[2][3]