Invocare
You can read this article from Australia’s Market Herald that announced that Australia’s largest human funeral and cremation provider finalized a deal to purchase two pet cremation business in the country for a combined price of US $36.44 million ($49.8 million in Australian dollars). We learned that last week, InvoCare, purchased Family Pet Care and…
Read MoreYou have heard me say many times that small funeral home operators can learn a lot from watching what the public companies are doing in the business. I’m also of the opinion that those of us in North America can learn much from what our colleagues in Australia and Great Britain are doing. . . …
Read MorePropel Funeral Partners, the Australian and New Zealand based operator of funeral homes and crematoria, reported last week that their revenue for the latest 9 month period had been AUS $ 85.0 million ($55.25 m in U.S. $) as compared to AUS $69.9 million (US$ 45.24 m) for the prior year. That is a 22%…
Read MoreTo roll into the weekend we thought we would give you some food for thought in the funeral industry from almost 10,000 miles apart. Our articles today come from the investment community in both the United States and Australia. Both are good, well thought out articles that deal with the world of death care in…
Read MoreMost people in the death care profession know that StoneMor, Inc. has, for the last couple of years, been on what they term an “operational turnaround”. The company, based just outside of Philadelphia, is said to be the second largest, next to Service Corporation International (SCI), death care company in North America. The death care…
Read MoreThe headline from a Motley Fool piece that you can read here states, “InvoCare delivers solid profit and dividend growth in FY2019”. Australia’s largest funeral and cremation provider recorded revenue growth of 4% for the year which led to a 19.6% increase in after tax operating earnings. For the year, InvoCare brought in revenue of…
Read MoreAn article that you can see here from Choice indicates that Australian funeral market leader InvoCare will back down on an “administrative fee” that is added to all funeral statements. According to the article, InvoCare’s Keiron Humbler, when asked about the removal of this fee commented, “That’s the plan”. Funeral Director Daily first told…
Read MoreAustralia’s largest purveyor of death care services, InvoCare, has been accused by some of irregularities in the way that it handles its invoicing. According to this article from Choice.com, InvoCare routinely includes a $320, plus taxes, “administration fee” on invoices. Again, according to the Choice.com article, the administration fee functions somewhat as a “late…
Read MoreSometimes the way we communicate is overlooked and can, over time, creep costs upward and move operational productivity down at the same time. Things like internet services and the providers that we use need to be reviewed every so often. InvoCare, which operates 290 funeral locations and 16 cemeteries across Australia, New Zealand, and Singapore…
Read MoreThere are a lot of reasons that businesses, including funeral homes, change operational and ownership hands. Sometimes a single proprietor gets a price that he just can’t turn down. Sometimes a single proprietor just wants to retire and either has no family to go into the business or family that wants to pursue other goals…
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