death care business
Sometimes I can get going about a subject and give you my opinion before you have even had a chance to read the article and form an opinion on your own. Like everybody, my experiences that I have lived slant the opinions that I profess. And, while I grew up and operated as a 4th…
Read MoreThe state of Colorado has been a hotbed of funeral home and crematory acquisitions in the last couple of years. Many of the larger players in the death care space, Service Corporation International, Park Lawn Corporation, and Foundation Partners Group, have all made acquisitions in the state during that time frame. It was announced on…
Read MoreLast week I read this article from the Minneapolis Star Tribune focused on the Fortune 500 company, General Mills. General Mills is a Minneapolis based company – and has been for a long time – which leads to much media coverage for them in the state of Minnesota. The article pertained to the fact that…
Read MoreAustralian funeral customer Jane Sinclair has created a little bit of a stir down under by calling for more transparency in the way that client families are charged for funeral services. Ms. Sinclair, according to this article from ABC Australia, complained months after the services were performed for her mother. She is quoted as saying…
Read MoreEarlier in May both of America’s leading casket companies reported their 2019 fiscal year 2nd quarter financials. Those companies, Hillenbrand, which is the parent company of Batesville Casket Company, and Matthews International, which is the parent company of Aurora Casket Company, reported declining sales of caskets. You can see Hillenbrand’s 2Q report here and you…
Read MoreAustralian public company funeral services provider InvoCare announced over the weekend that they successfully completed an underwritten institutional placement of A $65 million (about $US 46 million). You can read about and see a news clip from the Australia Finance News Network here. InvoCare says that the capital raise will be applied to their strategic…
Read MoreIt’s Monday morning and I thought I would bring you some news that hit the wire over the weekend. Nothing new about this news. . . if anything it continues to reinforce the facts that cremation is increasing, people are still paranoid about funeral homes, and less caskets are being sold in America. Here’s is…
Read MoreIn a release from Globe Newswire that you can read here, Security National Financial Corporation’s wholly owned subsidiary, Memorial Mortuaries and Cemeteries, announced the acquisition of two funeral homes in Utah. Security National Financial Corporation is a Utah based public company and is engaged in three business segments — life insurance, cemetery and mortuary, and…
Read MoreAfter Life Mortuary Services opened last October and according to this article from the Memphis Commercial Appeal it is believed to be the first Memphis mortuary service to be owned and operated by black women. According to co-owner Dana Taylor, “It’s probably because it’s been a male-dominant field, and it’s been that way for years. …
Read MoreOn January 31 Matthews International, parent company of Matthews Cremation and Aurora Casket, reported its first quarter of fiscal year 2019 which covers the period of October 1, 2018 to December 31, 2018. You can read the press release from Matthews here. As a company the consolidated sales totaled $374.2 million as compared to $369.5…
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