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Balance Sheet Cash Flow Statement 11445 Cronhill Dr. Owings Mills, MD 21117 MD Tel. 410-581-8042 Fax 410-581-8070 |
Type: Public
On the web:
http://www.medifast.net
Employees:
290
Employee growth: 18.4%
Medifast is helping people slim down and shape up. The company develops, manufactures, and markets health and diet products under its Medifast brand name. The products, which are manufactured by Medifast subsidiary Jason Pharmaceuticals, include food and beverages (meal replacement shakes, bars), as well as disease management products for diabetics. Medifast sells its wares direct to consumers online and through doctor's offices. Its Take Shape for Life subsidiary distributes the products through a direct marketing and sales network of independent distributors (often people who have had success with Medifast) whom the company calls Health Coaches.
Key numbers for fiscal year ending December, 2008:
Sales: $105.4M
One year growth: 25.9%
Net income: $5.4M
Income growth: 41.6%
Officers:
Chairman: Bradley T. (Brad) MacDonald
CEO, CFO, and Director: Michael S. McDevitt
President, COO, and Director: Margaret MacDonald-Sheetz
Competitors:
Herbalife Ltd.
Jenny Craig
Weight Watchers International
