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
Knowing the value of the “Front-Line” worker
Over the last couple of weeks I’ve had the opportunity to visit with many from the “Death Care” or “Funeral” industry. Those discussions made me realize that our profession has came a long…
Banks report “Weaker loan demand”, Consumers pull back on credit: What does that mean for your funeral home?
During this week I read two articles and when I did I wondered how the subject of each might affect funeral homes and the funeral business going forward. The articles included this one…
The “Tom Johnson Memorial Classic” raises over $150k in three days
Last week I again had the privilige to attend what is now known as the “Tom Johnson Memorial Classic“. The “Classic” is part golf, part Death Care, but is really all about “Relationship…
FINANCE
Security National Financial Cemetery/Mortuary earnings rise 71%
There is no other way to say it other than to say that Security National Financial Corporation (SNFC) had a blow-out 1st Quarter of 2024 when it comes to Earnings. The company’s Earnings…
SCI settles California issue, looks forward to moving ahead with insurance funded preneed there
Earlier in May the Attorney General of the State of California issued a press release which you can read here announcing an agreement with Service Corporation International (SCI) over an eight-year dispute on…
Park Lawn enters 2024 “Leaner” and more reliant on the “Funeral side”
Park Lawn Corporation revealed their 1st Quarter of 2024 financials last week and you can access them here. The 1st Quarter of 2024 marks the first quarter of operations for the company coming…
REGULATIONS
Lots of issues. . . and opportunities in the cemetery business
When I think of the cemetery in my little community in Minnesota. I’m guessing, like a lot of other communities that grew up in the American “Land Rush”, the city cemetery came…
SCI settles California issue, looks forward to moving ahead with insurance funded preneed there
Earlier in May the Attorney General of the State of California issued a press release which you can read here announcing an agreement with Service Corporation International (SCI) over an eight-year dispute on…
Federal Trade Commission bans “Non-Compete” agreements
“This rule affects every segment of the American economy and in a simple 3-2 vote destroys billions of dollars in value that employers have spent in compensation for a covenant not to compete”. …
CEMETERY
Lots of issues. . . and opportunities in the cemetery business
When I think of the cemetery in my little community in Minnesota. I’m guessing, like a lot of other communities that grew up in the American “Land Rush”, the city cemetery came…
Here’s a unique way to blend land preservation with urn burials
Funeral directing company A.W. Lymn of Nottinghamshire, Great Britain, has been giving the green light to construct an ancient style facility for the disposition of cremated human remains. As this article maintains, “they…
County governments seem to have lots of problems, are human remains another one?
Funeral Director Daily recently learned through this article from Public Media for Central Pennyslvania that Centre County will be building a 160-unit columbarium in Zion, Pennsylvania, to house urns that have went…
CREMATION
Here’s a unique way to blend land preservation with urn burials
Funeral directing company A.W. Lymn of Nottinghamshire, Great Britain, has been giving the green light to construct an ancient style facility for the disposition of cremated human remains. As this article maintains, “they…
Our take: Post-Cremation products are here to stay
One of my friends attended the latest convention of the International Cemetery, Cremation, and Funeral Association (ICCFA) and reported to me that “there were a crazy amount of post-cremation product vendors exhibiting available options”. And,…
Take a cue from Apple. . . Sell more services
Apple has been seeing sales of its iPhone declining. The product, which makes up about 1/2 of the company’s sales, dropped in sales revenue another 10% in the last quarter according to…
PRENEED
SCI settles California issue, looks forward to moving ahead with insurance funded preneed there
Earlier in May the Attorney General of the State of California issued a press release which you can read here announcing an agreement with Service Corporation International (SCI) over an eight-year dispute on…
Banks report “Weaker loan demand”, Consumers pull back on credit: What does that mean for your funeral home?
During this week I read two articles and when I did I wondered how the subject of each might affect funeral homes and the funeral business going forward. The articles included this one…
Take Ring Ring Marketing for a Test Drive
When it comes to technology I am a confessed “Novice”. And personally, with Social Media I am pretty quiet too. . . . or maybe my life is dull enough that none of…
PRODUCTS
Here’s a unique way to blend land preservation with urn burials
Funeral directing company A.W. Lymn of Nottinghamshire, Great Britain, has been giving the green light to construct an ancient style facility for the disposition of cremated human remains. As this article maintains, “they…
Our take: Post-Cremation products are here to stay
One of my friends attended the latest convention of the International Cemetery, Cremation, and Funeral Association (ICCFA) and reported to me that “there were a crazy amount of post-cremation product vendors exhibiting available options”. And,…
Take a cue from Apple. . . Sell more services
Apple has been seeing sales of its iPhone declining. The product, which makes up about 1/2 of the company’s sales, dropped in sales revenue another 10% in the last quarter according to…
