Company Recognized as One of the Top
500 Companies with the Highest Compound Annual Revenue Growth
Between 2018 and 2021
BALTIMORE, April 3,
2023 /PRNewswire/ -- Medifast (NYSE: MED), the global
company behind one of the fastest-growing health and wellness
communities, OPTAVIA®, today announced that it has been
ranked by Financial Times as one of The Americas' Fastest Growing
Companies based on compound annual growth in revenues from 2018 to
2021.
"Medifast has been a leader in the health and wellness industry
for more than 40 years, during which time our simple yet
comprehensive approach has resonated with more than two million
people," said Dan Chard, Chairman
and CEO of Medifast. "Over the years, we have evolved how we
support people on their health journeys – now through our
integrated Coach model – while remaining rooted in our strong
scientific and clinical heritage. I am excited by the opportunities
ahead as we continue to look to evolve our offerings and expand
into new frontiers to help even more people transform their
lives."
Medifast grew revenue from $274.5
million in 2016 to $1.6
billion in 2022. Thousands of public companies across 20
countries were examined to determine the top 500 companies in the
Americas that have achieved the highest compound annual growth in
revenues between 2018 and 2021. The data was collected through
candidate applications as well as desk research of official
sources, including publicly available earnings presentations,
investor relations, websites and annual reports.
The company's growth is fueled by its OPTAVIA program, a
solution for those looking for a holistic lifestyle change.
OPTAVIA offers a proprietary healthy habit system,
clinically proven plans and scientifically developed products all
backed by the support of an independent Coach and Community of
thousands of others on similar journeys.
About Medifast:
Medifast (NYSE: MED) is the global company behind one of the
fastest-growing health and wellness
communities, OPTAVIA®, which offers
scientifically developed products, clinically proven plans and the
support of independent OPTAVIA Coaches and a Community
to help Customers achieve Lifelong Transformation, One Healthy
Habit at a Time®. As the publicly traded market leader by revenue
in the U.S. $7 billion weight management industry, the
company has impacted more than 2 million lives through its
Community of OPTAVIA Coaches, who teach Customers how
to develop holistic healthy habits through the proprietary Habits
of Health® Transformational System. Medifast was recognized in 2022
as one of America's Best Mid-Sized Companies by
Forbes, in 2020 and 2021 as one of FORTUNE's 100
Fastest-Growing Companies and was named to Forbes' 100
Most Trustworthy Companies in America list in 2017. For more
information,
visit MedifastInc.com or OPTAVIA.com and
follow @Medifast on Twitter.
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SOURCE Medifast