Tag: crematories

Business Products

The new casket merchants seek to raise funds

The Cremation Association of North America (CANA) says the 2020 cremation rate in the United States was 56.1%.  That same reliable group says that within the next decade – in 2030 – the national cremation rate will rise to 72.8%.  Considering the fact that the vast majority of cremations in the United States do not use a traditional casket. . . . you might say that the casket business looks pretty bleak in the future. In addition, Hillenbrand Industries, parent […]

Finance

Propel Funeral Partners raises capital, announces Share Purchase Program

Propel Funeral Partners of Australia and New Zealand announced last week, in this announcement, that they had raised $AU 50.2 million via a placement with institutional investors.  They also announced that they are offering eligible existing shareholders the opportunity to purchase a total of up to $AU 10 million via a share purchase plan. Here’s what Albin Kurti, Managing Director of Propel said in the release, “We are delighted by the support received from Propel’s existing institutional shareholders and to […]

Finance

Park Lawn Corporation announces three acquisitions

Toronto-based Park Lawn Corporation, a funeral home and cemetery owner and operator, announced in this press release last week that it had acquired three businesses which constitute an addition of six stand-alone funeral homes, one stand-alone cemetery, three combination funeral home/cemetery properties, and five event centers.  All businesses are located in their growing North Carolina and Tennessee market areas. The companies acquired include Pugh Funeral Homes and New Hope Memorial Gardens in North Carolina, Smith Funeral & Cremation Service and […]

Business Cremation

Foundation Partners Group fuels growth through cremation

Recently Foundation Partners Group (FGP) issued this press release pertaining to an article which focused on their business and their business growth.  It was pointed out that Orlando-based FGP, companywide, is approaching a 90% cremation rate in a death care world where the overall cremation rate (in the United States) is close to approaching 60%.  In essence, Foundation Partners Group locations have a heavy cremation mix in their business. According to Chief Financial Officer Thomas Kominsky, quoted in the press […]

Cremation Preneed Regulations

Death care receives criticism on three continents

I’ve operated and managed a thriving funeral home.  If you’ve been there and done it. . . you know it is 24/7/365. . . .not many days go by when you don’t worry about something.  And, I’ve dealt with grieving family members, regulators, and the consumer movement too.  When you operate a community funeral home, there is a lot to do. . . . . and a lot of people who will tell you how to do it better — […]

Business

The convention conundrum

Funeral directors have always liked conventions.  I have great memories of Minnesota Funeral Directors Association (MFDA) conventions going back to the 1960’s.  My dad always attended for a day and for his family it was an opportunity to get to the big city (Minneapolis) stay at the downtown Radisson Hotel, and probably get to take in a Minnesota Twins afternoon game on Day 2 before heading for home that evening. My father worked a lot. . . taking care of […]

Business Finance

Independent operators. . . . .know your value

Back in 1990 I spent about three days north of Vancouver, British Columbia, along the Campbell River fishing for salmon with a group of funeral industry people.  One of the days was spent in a small fishing boat with a gentleman about thirty years my senior who had spent almost his entire funeral service career as an acquisition target expert for the large corporate entities.  Suffice it to say, I listened and learned a lot about the mergers and acquisition […]

Cremation Regulations

Air quality limits lifted in Los Angeles County

Citing “a threat to public health” the South Coast Air Quality Management District relaxed rules pertaining to cremation in Los Angeles County last week.  The ruling, according to this article from National Public Radio, will lift limits on the number of cremations that can be conducted monthly by crematory operators. An official for the agency was quoted as saying, “The current rate of death is more than double that of pre-pandemic years, leading to hospitals, funeral homes, and crematoriums exceeding […]

Cremation Preneed

The continued growth of Direct Cremation

Some trends become tidal waves.  This article from Great Britain insurer SunLife takes into account what they saw in 2020 as reported in their “Cost of Dying” report.  You can access the company’s synopsis of the Great Britain death care market here. One of the findings, which is more than likely pandemic induced, but also a growing trend for the future, is that the percentage of Direct Cremations is growing rapidly.  According to the report, as we read it, Direct […]

Finance

Dignity Plc 9-month report: More services, more revenue, less profit

Dignity plc, the United Kingdom’s only publicly listed provider of funeral related services released its report on the first nine months of its 2020 business year earlier this week.  You can read highlights of that report here in a short synopsis of such from Reuters. In essence, the number of deaths in Great Britain increased approximately 15% over the same period of one year ago. Dignity Plc saw their services for January -September 2020 grow to 61,200 from 52,100 in […]