Medifast

A weight loss and nutrition company established in Baltimore, Maryland, is called Medifast, Inc. Through websites, telemarketing, multi-level marketing, franchised weight loss clinics, and multi-level marketing, Medifast manufactures, distributes, and sells weight loss and health-related products.

In 1980, physician William Vitale launched Medifast. He offered his goods directly to other medical professionals, who then combined behavioral counseling techniques with his medications when prescribing them to their patients. The business is traded openly on the New York Stock Exchange (symbol: MED). Vitamin Specialties Corp. became HealthRite (the precursor of Medifast) on July 17, 1995.

The market capitalization of Medifast was $1.08 billion as of March 2023. By market capitalization, Medifast is now the 4501st most valuable company in the world. The most recent financial reports from Medifast indicate that the company's current revenue (TTM) is $1.59 billion. The company generated $1.52 billion in revenue in 2021, an increase from $0.93 billion in 2020.

Founded: 1981
Headquarters: Baltimore, Maryland, United States
Website: medifastinc.com