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  • Medifast, Inc

 Medifast facts

  • 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 loss and other health-related products through websites, multi-level marketing, telemarketing, franchised weight loss clinics, and medical professionals
  • The company is public with a market capitalization of $405 million, as of October 2014
  • Medifast was founded in 1980 by William Vitale, a medical doctor
  • His products were sold directly to other doctors, who in turn prescribed them to their patients
  • The company is publicly traded on the New York Stock Exchange (symbol: MED)

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