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This brand name is ideally suited to a healthcare or health organisation.
The name "MedLyfe" has seven letters and just two syllables. Two syllable names make popular global brands. Two syllable names are used by established brands like Delta, Buffer and Boeing.
This domain was first registered in May 2009. Older domains have an advantage when ranking in search engines.
Medlyfe.com is a dot com domain. Dot com domains are synonymous with websites. When you own a dot com, it is much easier to rank for your own name in search engines.