SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported) November 7, 2003

                                 MEDIFAST, INC.
             (Exact name of registrant as specified in its charter)

               Delaware                    000-23016             13-3714405
- ----------------------------------  ------------------------ ------------------
(State or other jurisdiction        (Commission File Number)  (IRS Employer
 of incorporation or organization)                                 Ident. No.)

11445 Cronhill Drive, Owing Mills, Maryland                   21117
- -------------------------------------------         ------------------------
(Address of principal executive offices)                   (Zip Code)

        Registrant's telephone number, including area code (410)-581-8042
                                                           --------------


         (Former name or former address, if changed since last report.)
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Item 5.  Other Events

         Jason Properties,  LLC, a wholly owned subsidiary of Medifast, Inc. has
purchased  the  assets  of KOW,  Inc.  located  in  Gulf  Breeze,  Florida.  The
acquisition includes equipment,  inventory,  trademarks,  and licenses for fifty
Hi-Energy clinics.  The clinics are located primarily in the southeastern region
of the  United  States.  The  purchase  price was $1.5  million  in cash,  which
included  selected  liabilities,  capital  expenditures,  costs  of  assets  and
miscellaneous fees.

         Seven  Crondall,  LLC, a real estate  limited  liability  company and a
wholly owned  subsidiary  of Medifast,  Inc. has signed a purchase  agreement to
acquire real estate located at 9791 Pintail Plaza St.  Michaels,  Maryland.  The
acquisition   was  purchased   for   investment   and  corporate   purposes  for
approximately $2 million.  The investment will be financed with an interest only
mortgage at Libor plus two percent.

         Mercantile Safe Deposit and Trust of Baltimore,  Maryland have approved
an increase in the Medifast,  Inc.  Secured Line of Credit from $1 million to $5
million.  The Line of Credit is at Libor plus two percent. The increased Line of
Credit will be used to finance equipment, inventory and receivables of Medifast,
Inc.  as its  business  is  expected  to expand and grow in 2004  because of the
scheduled  TV  advertising  campaign.  The Line of Credit  will also  assist the
Company in funding the newly  acquired  Consumer  Choice  Systems and  Hi-Energy
divisions.


                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                 MEDIFAST, INC.

Dated:  November 7, 2003

                                        /s/  Bradley T. MacDonald
                                        --------------------------------------
                                        Bradley T. MacDonald
                                        Chairman and Chief Executive Officer