BNET Industries

Market Cap:$424.1M
Last Fiscal Year Sales:$83.7M
  • Public
  • US
Dow Jones Description

Mfg and distribution of weight and disease management products.

Chairman, CEO & CFO
Bradley T. MacDonald
Number of Employees 290
Contact Information

11445 Cronhill Dr

Owings Mills, Maryland 21117-2220

mymedifast.com

(410) 581-8042

NAICS Code All Other Miscellaneous Food Manufacturing: 311999

Recent Events

  • Medifast Q3 Profit Rises; EPS Up 109%

    10/29/09 - Financial Announcement - View Story

  • Latest Skinny on Diet Stocks

    7/29/09 - Bond / Stock Rating - View Story

News & Analysis

medifast inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Michael S. McDevitt President
Rick Logsdail President, Take Shape for Life
Robert Hallock General Counsel & Corp Vice President
Meg McDonald HR Director
Wayne Andersen Medical Director

Board of Directors

Name (plus bio) Position
Bradley T. MacDonald Chairman, CEO & CFO
Donald F. Reilly Board of Directors
George Lavin Board of Directors
Joseph D. Calderone Board of Directors
Marty T. Travis Board of Directors
Mary T. Travis Board of Directors
Michael C. MacDonald Board of Directors
Michael J. McDevitt Board of Directors
Scott Zion Board of Directors

Organization Position Status
Medifast, Inc. Chairman, CEO & CFO Current
Medifast, Inc. Chairman & CEO Current

Organization Position Status
Medifast, Inc. President Current
Medifast, Inc. Board of Directors Current

Organization Position Status
Medifast, Inc. President, Take Shape for Life Current

Organization Position Status
Medifast, Inc. General Counsel & Corp Vice President Current

Organization Position Status
Medifast, Inc. HR Director Current

Dr. Wayne Andersen's passion for life and fascination with medicine began at an early age. As an Air Force child growing up in Spain, he placed mice under anesthesia and operated, removing their spleens and then observing how they responded to infections. In high school, living in Japan, he observed the profound effect that the low-fat Asian diet had on creating much lower levels of obesity, cancer, and heart disease, than in Western cultures. He also recognized how important family, keeping life-long friends, and a life of meaning and purpose was to these people in grounding their health and longevity. This desire for knowledge and understanding drove Dr. Andersen to become the first in his family to enter college and graduate with honors from the University of Florida with a degree in Science. Ultimately, he went to medical school at the University for the Health Sciences in Kansas City, where he was valedictorian of his graduating class. Dr. Andersen did his internship at Grandview Hospital where he was selected as the Outstanding Intern of the Year. He was to become a leading internal medicine specialist in cardiology or pulmonology, but decided instead to enter the emerging subspecialty of critical care. He insisted that to truly take care of an extremely sick person, you needed to be well-versed in all organ systems and how they relate to each other when a patient is sick as well as healthy. He trained in open heart surgery at Cleveland Clinic and then went on to train for two years at Jackson Memorial Hospital at the University of Miami, considered to be the premier training program in the country in surgical intensive care. Dr. Andersen became the tenth physician Board Certified in Critical Care and went back to the institution where he began his post graduate training, to set up the open heart program and surgical intensive care unit. It was here that Dr. Andersen developed a profound understanding of the pivotal role that nutrition plays in disease and health. For eighteen years, Dr. Andersen directed the Surgical Critical Care Program at Grandview and was Chairman of the Department of Anesthesiology. In 2000, he made a monumental decision to leave his hospital-based practice to devote his full energy to helping people to become and to stay healthy. Dr. Andersen is currently Medical Director of Medifast, Inc., an innovative leader in the production, distribution and sale of weight management and health management products marketed under the brand name Medifast. Involved with Johns Hopkins in collaborating studies to show the efficacy of meal replacements, Dr. Andersen's goal is to provide simple, convenient means for people to lose weight and maintain a healthy lifestyle. As the chief architect of Take Shape for Life, Dr. Andersen has built an integrated support system that helps people make the necessary changes in their lifestyles to create optimal health. Using a team approach of health professionals working with Certified Health Advisors, Dr. Andersen says we can provide leading edge nutritional solutions, medical support and the support of caring individuals, to provide the necessary one-on-one interaction so vital in changing peoples' lives. This Take Shape for Life physician-led health network is gathering tremendous momentum.

Organization Position Status
Medifast, Inc. Medical Director Current
Dr. Wayne Andersen Current
Molecular-Research.Net Current
Life Corporation Chief Architect Former

Organization Position Status
Medifast, Inc. Board of Directors Current

Organization Position Status
Medifast, Inc. Board of Directors Current

Organization Position Status
Medifast, Inc. Board of Directors Current

Organization Position Status
Medifast, Inc. Board of Directors Current

Organization Position Status
Medifast, Inc. Board of Directors Current

Michael C. Mac Donald is senior vice president, operational effectiveness for Xerox Corporation. He was named to this position in September 2008 and leads the integration of Xerox Mortgage Services and Xerox Litigation Services with other units of the company. Mac Donald is a senior vice president of the corporation, appointed in July 2000. He was previously president of Xerox Marketing Operations, responsible for corporate marketing, xerox.com, advertising, brand, public relations, and corporate communications. Mac Donald joined Xerox in 1977 as a field sales representative and has held several senior positions in sales, marketing and general management. He was president, Marketing & Global Accounts from 2004 - 2007. Prior to that, he was president, North American Solutions Group, responsible for all products, services and solutions sold by the Xerox direct sales force in the United States and Canada. He has also served as that group's senior vice president of marketing and chief of staff. After receiving a bachelor's degree in political science from Rutgers University in 1975, Mac Donald attended Iona College's John C. Hagen Graduate School of Business. He completed executive business and management programs at Columbia University and Harvard in 1992 and 1998, respectively. Mac Donald is a board director of Medifast, PAETEC, and the Jimmy V Foundation.

Organization Position Status
Xerox Corporation Corporate Senior Vice President & President, Marketing Operations Current
Paetec Holding Corp. Director Current
Restructuring and Reorganization Advisory, Private Director Current
Medifast, Inc. Board of Directors Current
Rochester Institute of Technology Board of Directors Current
PAETEC Corp. Board of Directors Current
Xerox Corporation President, Global Accounts Former
Rutgers University bachelor of arts degree in political science Former

Organization Position Status
Medifast, Inc. Board of Directors Current

Organization Position Status
Medifast, Inc. Board of Directors Current
Bristol-Myers Squibb Company Former
Denison University Bachelor of Arts Degree Former

Executive News

  • Medifast, Inc. Added to the Russell 3000 Index

    PR Newswire - 6/30/09 - View Story

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     MED $27.57 +0.88 (3.30% )
Average Volume 784,005
Shares Outstanding 15.38M
Market Cap 424.1M
Year High 28.67
Year Low 3.35
Earnings Per Share 0.66
P/E Ratio 41.77
Dividend N/A
Yield N/A
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