Medifast, the parent company for direct selling organization OPTAVIA, has been named to Financial Times’ list of The Americas’ Fastest Growing Companies. Companies included in this list were ranked by compound annual growth in revenues from 2018 to 2021.
Medifast was ranked #258 for its revenue growth from $274.5 million in 2016 to $1.6 billion in 2022, beating out powerhouse brands like Netflix, Twitter and Tesla.
“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, Medifast Chairman and Chief Executive Officer. “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.”