Founded in 1981 and headquartered in Baltimore, Maryland, Medifast, Inc. is a public company listed on the NYSE under the ticker MED. The company's core mission is to promote lifelong transformation through healthy habits. Medifast manufactures and distributes a variety of weight loss, weight management, and healthy living products under the OPTAVIA brand. Their offerings include bars, shakes, soups, and other consumable health products, targeting markets in the United States and the Asia-Pacific region.
Key figures affiliated with Medifast include Daniel R. Chard, who serves as Executive Chairman and CEO. The company has achieved significant financial milestones, with revenues reaching approximately $1.6 billion in 2022. Medifast's impact is notable in the health and wellness industry, particularly through its OPTAVIA program, which emphasizes holistic wellness over quick fixes. The company is also a component of the S&P 600, underscoring its financial stability and market influence.
