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
