Funeral Director Daily
Australian 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…
Last October we brought you a story about an Austin, Texas, funeral home where the Texas Department of Banking (TDB) had opened an investigation. You can read about that story concerning the Austin-Peel and Son Funeral Home here. The investigation was opened because the TDB had reason to believe that the funeral home had illegally…
I saw an article earlier this week from Seeking Alpha that you can read here that retailer Nordstrom’s sales increased year over year for the year 2018 by 2.3%. What really hit me about the number though was as I read farther into the article I found out that Nordstrom’s brick and mortar stores suffered…
Every so often someone asks me what I think of the funeral/cremation/cemetery companies that are in the public ownership realm. So, today I will start giving you my opinions of what I think each is trying to, or should try to accomplish. Each in this series of write ups will be my day to be…
The common held belief in the funeral and cremation services business is that people will always need death care professionals to execute the lawful disposition of the deceased. However, another trend that has been taking place over the past ten years is that a larger percentage of the client families that you serve will be…
In the aftermath of the devastating tornado that hit the southeast portion of the United States, the Alabama Mortuary Response Team has been called into action. According to this article from the Cullman Times, at least 23 individuals have died as a result of the twister. The tornado struck Sunday and according to the article…
It’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…
In 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…
Two articles were recently written about an article that was published by Dr. Nathan Yu and colleagues in the Journal of American Medicine (JAMA) on February 26. The JAMA article was a case report dealing with a 69 year old man with pancreatic cancer who was treated with nuclear medicine at an Arizona hospital in…
