Wednesday

The Death Part Of Death And Taxes

Benjamin Franklin famously wrote "Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes." We don't get out of this world alive, to be a bit more blunt. Sobering, yet a fact of life that needs to be taken into account by us all; there will come a time when we need to avail ourselves of the services of a funeral parlor of some kind. The top two US funeral companies - Service Corp International and Stewart Enterprises Inc -  are aware of this of course, and of the fact the the Silver Tsunami is well underway; boomers galore are retiring and eventually...
Large-scale consolidation in the highly fragmented funeral business has long been on the cards, with the industry looking to sell more pre-planned funeral contracts to the 76 million baby boomers in the United States.
Service Corp, which failed in a bid to take over Stewart in 2008, said on Wednesday the combined company would have a backlog of future revenue exceeding $9 billion from pre-planned bookings.
The group would own 1,653 funeral homes and 515 cemeteries in 48 states, eight Canadian provinces and in Puerto Rico, and have proforma revenue of nearly $3 billion.
Reuters

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