It was established in 1980 by William Vitale, a restorative specialist. His items were sold straightforwardly to different specialists, who thus endorsed them to their patients.
It is an American nourishment and weight reduction organization situated in Owings Mills, Maryland. The organization possesses five backups: Jason Pharmaceuticals, Inc. , Take Shape forever, Inc. , Jason Enterprises, Inc., Jason Properties, LLC and Seven Crondall, LLC. Medifast delivers, disperses, and offers weight reduction and other wellbeing related items through sites, multi-level advertising, telemarketing, diversified weight reduction centers, and restorative experts. The organization is traded on an open market on the New York Stock Exchange.
On July 17, 1995, HealthRite changed its name from Vitamin Specialties Corp. In October 2010, Medifast was positioned number 1 on Forbes magazine's rundown of "America's 100 Best Small Companies". The organization was positioned eighteenth as of the 2014 rundown.
In September 2012, Medifast's backup, Jason Pharmaceuticals, paid a $3.7 million USD common punishment for false publicizing. The Federal Trade Commission and United States Department of Justice said that ads for the "Medifast 5 and 1 Plan" low-calorie eat less carbs told shoppers they could "lose up to 2-5 pounds for every week.", and that these weight reduction claims did not have a sensible logical premise, and were unverified. Under the settlement, any future cases made by the organization must be sponsored by no less than one human clinical study.