Skip to content
Subscriber Only

Medifast Newest Target of Activist Investor Engaged Capital

Medifast Inc., the weight loss program provider, should grow its health coaching network and accelerate franchising, according to activist investor Engaged Capital LLC.

Engaged, the activist fund founded by Glenn Welling, has amassed a 5.7 percent stake in Medifast, according to a regulatory filing today. Owings Mills, Maryland-based Medifast trades at a 40 percent discount to peers Nutrisystem Inc. and Weight Watchers International Inc., and would be an acquisition target should it continue to languish, Engaged said.