Finance
Foundation Partners Group, the Orlando based company that has grown by acquisition to over 140 locations of funeral homes, cremation centers, and cemeteries across the United States announced earlier this week that they had acquired the Clark Legacy Center of Kentucky. According to this press release from Foundation Partners, the acquisition will add three locations…
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The other day we received a press release announcing that “The Domani Group joins forces with Homesteaders Life Company”. In that release, which you can read here, it announced “The Domani Group, a leader in preneed and aftercare solutions for funeral homes, is pleased to announce it is joining forces with Homesteaders Life Company.” This…
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It was only two years ago that many of us were introduced to a major player in the global private equity industry named Providence Equity Partners. According to this article which appeared on the American Funeral Association blog in December 2018, Providence had made inquiries into many companies in businesses that I will define as…
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With today being the last day in the business calendar of the first eight months of the year and April to June reports all in, I thought it might be a good time to find out where the Death Care Index is sitting in relation to the stock market in general. The Death Care Index,…
Read MoreTo our readers: Before we get into our feature article of the day I want to apologize to readers who did not receive distributed copies of Funeral Director Daily last Wednesday and Thursday. Unfortunately, we ran into issues where we simply outgrew our former distributor of Funeral Director Daily emails, Twitter, and Facebook postings. The…
Read MoreSecurity National Financial Corporation (SNFC) is a diverse, but integrated company. They are diverse in that they have three distinct segments – Mortgages, Life Insurance, and Cemeteries/Mortuaries – under their umbrella. They are an integrated company in that all segments report together to bring a bottom line to the company. And, the integration was good…
Read MoreToronto based Park Lawn Corporation (PLC) reported its 2nd Quarter 2020 financial situation last week. In it they reported great success on revenue growth and Adjusted Net Earnings. CEO Brad Green commented on the financial report in saying, “We have grown together as an organization and are poised to continue with our projected growth targets.” …
Read MoreIn today’s Afternoon Edition we will bring you a myriad of different news from different parts of the death care spectrum. We lead off with an article from the United Kingdom that highlights that country’s largest provider of funeral services and cremations, Dignity PLC. As you may know, the British Competition and Markets Authority (CMA)…
Read MoreWhen Joe Redling was appointed CEO of StoneMor, Inc. the company was in fast decline, revenues were washing away, and losses were mounting. That was June of 2018, only two years ago, and now, although far from being in the clear and a profit machine, there is hope at the end of the tunnel. StoneMor,…
Read MoreThe 2nd Quarter of 2020, that period that encompasses the months of April, May, and June, was looked at as a quarter which would produce financial results that would be unique, maybe in the entire last century, simply because it was the first 3-month period of the COVID-19 pandemic. As the United States went into…
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