medifast

Medifast
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Medifast, Inc. Type  Public (NYSE: MED)
Founded  1980
Headquarters  Owings Mills, Maryland, USA
Key people
Michael C. MacDonald, Chairman and CEO
industry = Weight loss
Products  Medifast diet
Revenue  Increase $165.62 million USD (2009)
Operating income  Increase $19.37 million USD (2009)
Net income  Increase $11.96 million USD (2009)
Employees  365 (2010)
Website 
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.
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]
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.[4]
References
    Jump up ^ Medifast History
    Jump up ^ Press Release
    Jump up ^ Forbes America's 100 Best Small Companies
    Jump up ^ David Ingram (September 7, 2012). "Medifast unit settles false ad claims for $3.7 million". Reuters. Retrieved 2012-09-09.
External links
    Medifast Official Site
Categories:
    Companies listed on the New York Stock Exchange
    Companies based in Baltimore County, Maryland
    Low-carb diets
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Medifast
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Medifast, Inc. Type  Public (NYSE: MED)
Founded  1980
Headquarters  Owings Mills, Maryland, USA
Key people 
Michael C. MacDonald, Chairman and CEO
industry = Weight loss
Products  Medifast diet
Revenue  Increase $165.62 million USD (2009)
Operating income  Increase $19.37 million USD (2009)
Net income  Increase $11.96 million USD (2009)
Employees  365 (2010)
Website 
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.
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]
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.[4]
References
    Jump up ^ Medifast History
    Jump up ^ Press Release
    Jump up ^ Forbes America's 100 Best Small Companies
    Jump up ^ David Ingram (September 7, 2012). "Medifast unit settles false ad claims for $3.7 million". Reuters. Retrieved 2012-09-09.
External links
    Medifast Official Site
Categories:
    Companies listed on the New York Stock Exchange
    Companies based in Baltimore County, Maryland
    Low-carb diets
Navigation menu
    Create account
    Log in
    Article
    Talk
    Read
    Edit
    View history
    Main page
    Contents
    Featured content
    Current events
    Random article
    Donate Blood and save lives
Interaction
    Help
    About Wikipedia
    Community portal
    Recent changes
    Contact page
Tools
Print/export
    This page was last modified on 13 July 2013 at 16:23.
    Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy.
    Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.
    Privacy policy
    About Wikipedia
    Disclaimers
    Contact Wikipedia
    Developers
    Mobile view
    Wikimedia Foundation
    Powered by MediaWiki