Medifast announced that it has been ranked by Financial Times as one of The Americas’ Fastest Growing Companies. The ranking is 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’s revenues reached $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, backed by the support of an independent Coach and Community of thousands of others on similar journeys.
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