Finance
Seeking Alpha contributiing author Daniel Jones published an article this week titled, “Service Corporation International: You might want to hold this one until your last breath”. It is a very interesting article that uses both SCI financial data and United States birth and death data to make a case that SCI, as a…
Funeral Director Daily recently learned that Rollings Funeral Service, based in Georgia, made a couple of acquisitions involving more than 100-year old family funeral homes. Over the summer they purchased the McCombs Funeral Home of Jackson and Cape Girardeau, Missouri, — a firm that was founded in 1906. And more recently in October, Rollings…
In this press release issued last week you can read that PlotBox has acquired MIS (sometimes referred to as HMIS). The PlotBox website brings about this statement about the integration of the companies, “ (this transaction) bring(s) one of the industry’s most comprehensive capabilities – from PlotBox’s cloud-native mapping, operations, records, and financial…
Since they sold Batesville in February 2023, Hillenbrand Industries has been out of the Death Care business. But, if you are a long-time member of the Death Care community the name Hillenbrand has been synonymous with the funeral profession since 1906 when John A. Hillenbrand purchased the Batesville Casket Company and founded “Hillenbrand”…
There is a lot happening in the Death Care world. . . especially when it comes to Death Care businesses changing hands. We recently learned that Funeral Partners, one of Great Britain’s largest Death Care providers with approximately 280 locations across the country may be up for sale. And, it may be a…
I learned through an article from Sky News and in this article from KillBait that Epiris, the private equity firm that acquired London area-based Direct Cremation provider Pure Cremation just over two years ago, is beginning a process to sell the company. Pure Cremation, arguably the most financially successful start-up in Death Care…
According to the Milestone Funeral Partners website, which you can access here, and information placed on social media, the Maine-based funeral home operator and consolidator added four funeral home businesses to their number in the last couple of months. Announced on August 8 on the company website was information about the acquisition of the…
Maybe there is something to the ongoing prediction that a whole lot of funeral homes will be changing hands in the next 3 to 5 years. Barely after we were able to get a press release from Park Lawn Corporation out about a funeral home/cemetery expansion in New Mexico we received this press…
According to this press release from Park Lawn Corporation, the funeral home and cemetery consolidator added what they call their Taos Memorial Gardens adjacent to their existing DeVargas Funeral Home in Taos, New Mexico. In a prepared statement from the press release Park Lawn Corporation Chief Executive Officer Jennifer W. Hay made this…
This article from Yahoo Finance will inform you that the major indexes of the American stock market all closed at record highs last Friday. During the same week the 3rd Quarter of the year closed and the Funeral Director Daily Death Care Index (DCI) reported a close that indicated a 3.60% increase for…
