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Company Description (as filed with the SEC)
Medifast, Inc. (the “Company” or “Medifast”) is a Delaware corporation, incorporated in 1993. Our fiscal year ends December 31 and all references to this year refer to the fiscal year ended December 31, 2013. The Company’s operations are primarily conducted through seven of its wholly owned subsidiaries, Jason Pharmaceuticals, Inc., Take Shape For Life, Inc., Jason Enterprises, Inc., Medifast Franchise Systems (“MFSI”), Inc., Jason Properties, LLC, Medifast Nutrition, Inc. and Seven Crondall, LLC. The Company is engaged in the production, distribution, and sale of weight loss and weight management products and other consumable health and diet products. Medifast product lines include weight loss and management, meal replacement, and vitamins. The Company has one modern, Food and Drug Administration (“FDA”)-approved manufacturing facility located in Owings Mills, Maryland. MARKETS Over the past 30 years, obesity in the United States has risen dramatically. ... More ...