Medifast Net Worth is$328 M Sales
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Company Name: Medifast, Inc. / company logo
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.
The company is public with a 2012 market capitalization of $250 million dollars.
Medifast, Inc. was founded by William Vitale, M.D. in 1980. 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.,
In September 2012, Medifast's subsidiary, Jason Pharmaceuticals, paid a $3.7 million USD civil penalty as part of a consent decree with the United States Department of Justice and the Federal Trade Commission. The government agencies said that advertisements for the "Medifast 5 & 1 Plan" low-calorie diet told consumers they could "lose up to 2-5 pounds per week.", and that these weight-loss claims did not have a reasonable basis of support in scientific evidence.

Medifast Latest News

Medifast – Thank You To All My Counselors

I just came out of my Medifast Center meeting and I wanted to write because I love my counselor. Her name is SAM and she works at the San Marcos location. I couldn’t have done all that I have accomplished with my weight goals and getting healthy without ...
Posted: October 21, 2016, 12:25 pm

Form 8-K MEDIFAST INC For: Oct 17

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ¨ Written communications pursuant to Rule 425 ...
Posted: October 17, 2016, 6:34 am

Spark Users on Medifast

I am in a Get in Shape program that uses Medifast products during the weight loss and transition portion of the plan. I am using this in conjunction with Spark People. I am looking for others who are doing to same thing to try to start a group of support.
Posted: October 17, 2016, 6:18 am
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