Funeral Consumer Advocate
Monday, June 6, 2011
The largest funeral and cremation provider in North America, Houston-based Service Corporation International, has taken steps to increase their size. The company (NYSE:SCI) has officially announced the purchase of 70% of the outstanding shares of The Neptune Society.
It’s no secret, traditional funerals are not as popular as they once were. Cremation has been on the rise for many years, actually becoming the dominant choice. There are a number of reasons, one of which is price. Of course, with funeral homes struggling to find ways to revive revenue streams, we could have seen this move by SCI coming. Now, more than ever, it appears to be a battle over controlling consumer choices.
Read the full article at Funeral Consumer Advocate