Tranche Update on Medifast, Inc.'s Equity Buyback Plan announced on December 9, 2013.
November 05, 2021 at 02:03 am IST
Share
From July 1, 2021 to September 30, 2021, the company has repurchased 117,677 shares, representing 1.01% for $26.27 million. With this, the company has completed the repurchase of 1,868,311 shares, representing 15.24% for $147.58 million under the buyback announced on December 9, 2013.
Medifast, Inc. is a health and wellness company. The Company provides a habit-based and coach-guided lifestyle solution OPTAVIA, which provides people with a comprehensive approach to help them achieve lasting optimal health and wellbeing. OPTAVIA's lifestyle plans deliver clinically proven health benefits as well as evidence-based tools, including scientifically developed products and a framework for habit creation reinforced by independent coaches and community support. Through a collaboration with the virtual primary care provider LifeMD, Inc (LifeMD), OPTAVIA customers have access to board-certified affiliated clinicians and medications, such as GLP-1s, that support treatment plans for obesity and other health conditions. OPTAVIA Coaches introduce customers to a set of healthy habits, and offer OPTAVIA-branded products, including Fuelings as well as OPTAVIA ACTIVE, a line of essential amino acid supplements and protein powders. Its operations are conducted through its subsidiaries.