DALLAS, Feb. 14, 2017 /PRNewswire/ — Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Weerts Funeral Home, Inc., headquartered in Davenport, IA, and Riverbend Cremation Service, LLC, in Bettendorf, IA, to Service Corporation International, headquartered in Houston, TX. The acquisition closed February 1,…
Localnews24 reports that Memphis funeral home R. Bernard Funeral Services is offering drive thru viewings. The family owned funeral firm opened in January and has held four drive-thru viewings. The funeral home also offers live stream viewing so that out of town family members can participate. You can watch the video below https://youtu.be/aM2m2bqLrPQ Funeral Director…
“I think it would be great to eliminate this tax. For people, at the end of life, to have further tax put upon them seems to be too much for people who already spend their whole life being taxed” Funeral Director John Kohl of Parker Kohl funeral home as quoted in Southernminn.com Southernminn.com reports that…
The Dallas Post reports that the Luzerne County has increased the fee for a cremation permit from $35 to $60. The increase will offset a $50,000 proposed budget increase for autopsy expenses relating to drug overdoses. There were 1,872 cremations in 2016 in Luzerne County, up from 1872 cremations in 2015. Funeral Director Daily’s take:…
Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, issued fourth quarter 2016 financials. Here are the highlights. Quarterly revenue increased by 5% to $809 due primarily to an increase in cemetery preneed revenue. SCI funeral home revenues were flat. Net income declined by 11% to $66 million…
BUSINESS
With a history from livery service to modern funeral home. . . Key West funeral home changes hands
At Funeral Director Daily we hear about a lot of funeral homes that change hands. We can’t report on all of them, but some family funeral homes have such unique historical characteristics that we…
Pricing is relative, but one low-cost provider can beat us all up
Inflation has set in. . . I recently had to install a new air conditioning condenser to our existing HVAC combination unit. An air conditioning condensor, like a funeral or cremation expense, is something…
The Trust Factor
Over my years as a funeral director the confidentiality that I kept for my client families was always paramount in my mind. Being a funeral director in a small community just led itself to…
FINANCE
Park Lawn withdraws Carriage Services offer
Yesterday Park Lawn Corporation issued a press release stating that “it has declined to participate further in Carriage Services, Inc.’s (NYSE: CSV) (“Carriage”) previously announced strategic review process and that it has withdrawn its…
Seeking Alpha on SCI: “Negative scenario could be favorable for this industry consolidator”
This morning’s edition of Funeral Director Daily looked at the situation that death care companies could be in if inflation and the high interest environment we are in stay with us for some…
Looking Forward: Will interest rates and inflation continue to affect your operation?
We know where we have been as interest rates and inflation have moved upwards in the last two years. . . but, do we know where we are headed with those items and…
REGULATIONS
Global Green Burial Alliance to form. . . .offers introductory webinar today
Funeral Director Daily (FDD) was recently notified that a group has been working to bring together what they call the “Global Green Burial Alliance” (GGBA). FDD received a statement out of Australia earlier…
Federal Trade Commission’s review of the “Funeral Rule” marches on
Tomorrow, Thursday, September 7, 2023, you can join a public workshop led by the Federal Trade Commission (FTC) regarding the new proposals to the “Funeral Rule”. The workshop, taking place in Washington, DC,…
Paying for your funeral with your HSA. Why not?
Last December I was welcomed into the world of Medicare. Prior to that I had either had my health insurance paid for by the business I was working for or, since I sold our…
CEMETERY
The Hispanic population and Death Care
I recently saw an e-mail alert from the American Heart Association with an odd title. The title of this particular e-mail information item was “Caregiving a concern as U.S. Hispanic people age faster…
Global Green Burial Alliance to form. . . .offers introductory webinar today
Funeral Director Daily (FDD) was recently notified that a group has been working to bring together what they call the “Global Green Burial Alliance” (GGBA). FDD received a statement out of Australia earlier…
A solution at the cemetery
According to this article in the Sarnia Observer Harold Sonnenberg has been pretty busy as the superintendent of Greenwood Cemetery in Waterford, Ontario, Canada. What’s happened there happens all over North America…
CREMATION
Pricing is relative, but one low-cost provider can beat us all up
Inflation has set in. . . I recently had to install a new air conditioning condenser to our existing HVAC combination unit. An air conditioning condensor, like a funeral or cremation expense, is something…
Private Equity claims another death care provider
While most of us have been anticipating some news on the acquisition front from Australia and the proposed takeover of InvoCare by TPG Capital or waiting for some news on the North American…
Permanent Memorialization: What does it mean in today’s world?
On the same day last week three different articles or press releases came to my inbox and those pieces of literature formed a mental Venn Diagram for me about cremation and memorialization. The articles,…
PRENEED
Advertising to bring results
If you want to grow your business — whether through at-need or pre-need — there are some basics you need to understand about the consumer mind. You also need to understand how to reach…
Are funeral homes “underestimating” the value of convenience to our consumers?
I’ve never been a procrastinator about planning or getting things done. However, the world around me has changed over the last couple of decades and because of that, and today’s convenience in purchasing, …
Paying for your funeral with your HSA. Why not?
Last December I was welcomed into the world of Medicare. Prior to that I had either had my health insurance paid for by the business I was working for or, since I sold our…
PRODUCTS
Pricing is relative, but one low-cost provider can beat us all up
Inflation has set in. . . I recently had to install a new air conditioning condenser to our existing HVAC combination unit. An air conditioning condensor, like a funeral or cremation expense, is something…
Meeting Katrina Spade
English poet Oscar Wilde is thought by some as first using the phrase that “Imitation is the most sincere form of flattery”. In today’s world of economics and commerce one might also believe…
More from the floor. . . . Supplier news from the NFDA Convention
My favorite time annually at the National Funeral Directors Convention (NFDA) is when I get to roam the Expo Hall among all of Death Care’s suppliers and just visit. Sometimes it is about new…
