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Medifast history
Medifast company history timeline
William Vitale, a medical doctor, founded Medifast in 1980.
On July 17, 1995, HealthRite (predecessor of Medifast) changed its name from Vitamin Specialties Corp.
In 2001, the company changed its name to Medifast, Inc.
In 2002, Retired Marine Colonel Bradley T. MacDonald and Chairman of the Board at the time, along with clinical specialist Doctor Wayne Scott Andersen, created Take Shape For Life as a personal Coach to Client system and the company’s “Habits of Health System.”
As a testament to its significant growth and success, the company goes public for the first time on the American Stock Exchange (AMEX). In 2006, Medifast joins the New York Stock Exchange (NYSE) as it continues to grow in sales and earnings.
Medifast first formed their Scientific Advisory Board in 2008.
In July 2017, Medifast changed the name of its subsidiary Take Shape For Life to Optavia and introduced a new line of products, Optavia Essentials, directly sold from Coaches to clients.
The company is public with a market capitalization of $1.4 billion, as of May 2018.
**Based on full year revenue as of Q3 2021.
© 2022 MEDIFAST INC. All rights reserved.
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Medifast competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| TheStreet | 1996 | $62.5M | 800 | - |
| Alliance Data | 1996 | $5.7B | 8,000 | 23 |
| Cintas | 1968 | $9.6B | 40,000 | 2,470 |
| McKesson | 1833 | $309.0B | 80,000 | 521 |
| Express Scripts Holding | 1986 | $100.1B | 26,600 | - |
| HEALTHWAYS, INC | - | $481.3M | 1,000 | 9 |
| Coventry Health Care | 1986 | $14.1B | 14,400 | 1 |
| UnitedHealth Group | 1977 | $400.3B | 300,000 | 9,783 |
| Rite Aid | 1962 | $24.1B | 50,000 | 9 |
| Danaher | 1969 | $23.9B | 80,000 | 2,056 |
Medifast history FAQs
Zippia gives an in-depth look into the details of Medifast, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Medifast. The employee data is based on information from people who have self-reported their past or current employments at Medifast. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Medifast. The data presented on this page does not represent the view of Medifast and its employees or that of Zippia.
Medifast may also be known as or be related to Medifast, Medifast Inc, Medifast Inc., Medifast, Inc and Medifast, Inc.