Medifast Ranks 16th on Forbes' List of America's Best Small Companies
OWINGS MILLS, Md., Oct. 14, 2013 /PRNewswire/ -- Medifast, Inc. (NYSE: MED), a leading United States manufacturer and provider of clinically proven, portion-controlled weight-loss products and programs, today announced it was named on Forbes' 35th annual list of America's Best Small Companies. Ranked 16th this year, Medifast has been recognized four years in a row, previously ranking #10 in 2012, #12 in 2011 and #1 in 2010.
"It's a true honor to be recognized again by Forbes as one of the Best Small Companies in America," commented Michael MacDonald, Chairman & Chief Executive Officer, Medifast, Inc. "Our team at Medifast remains very focused on consistent growth and profitability year after year as we work to meet our clients' weight-loss and weight-maintenance goals."
The Forbes Best Small Companies in America list highlights public companies with sales under $1 billion. Companies are ranked based on return on equity, sales growth, and earnings growth over the past year and the past five years. Forbes also factored in stock performance versus each company's peer group during the last 12 months.
Medifast products and programs have been recommended by over 20,000 doctors since 1980. Clients can expect to lose 2-5 pounds per week for the first two weeks and 1-2 pounds per week thereafter on the Medifast 5 & 1 Plan.
Medifast (NYSE: MED) is the leading easy-to-use, clinically proven, portion-controlled weight-loss program. The company sells its products and programs via four unique distribution channels: 1) the web and national call centers, 2) the Take Shape For Life personal coaching division, 3) Medifast Weight Control Centers, and 4) a national network of physicians. Medifast was founded in 1980 and is located in Owings Mills, Maryland. For more information, log onto www.MedifastNow.com.
SOURCE Medifast, Inc.