Medifast

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Medifast, Inc.
TypePublic (NYSEMED)
Founded1980
HeadquartersOwings Mills, Maryland, USA
Key people

Michael C. MacDonald, Chairman and CEO

industry = Weight loss
ProductsMedifast diet
Revenueincrease $165.62 million USD (2009)
Operating incomeincrease $19.37 million USD (2009)
Net incomeincrease $11.96 million USD (2009)
Employees365 (2010)
Websitewww.medifast1.com
 
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Medifast, Inc.
TypePublic (NYSEMED)
Founded1980
HeadquartersOwings Mills, Maryland, USA
Key people

Michael C. MacDonald, Chairman and CEO

industry = Weight loss
ProductsMedifast diet
Revenueincrease $165.62 million USD (2009)
Operating incomeincrease $19.37 million USD (2009)
Net incomeincrease $11.96 million USD (2009)
Employees365 (2010)
Websitewww.medifast1.com

Medifast, Inc. (NYSEMED) 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.

The company is public with a 2012 market capitalization of $250 million dollars.

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]

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