FTC Releases List of 91 Properties to be Divested In SCI/Stewart Acquisition

December 23, 2013
Advertisement

Service Corporation International, the country’s largest funeral services provider, said Monday it has agreed to sell off 91 properties to resolve the Federal Trade Commission’s antitrust concerns about its acquisition of Stewart Enterprises, the second-largest funeral provider.

The announcement came as SCI, the dominant player in the U.S. funeral business, said it had completed the $1.4 billion deal, which is expected to give the company roughly 15 percent of the overall market and annual revenue of nearly $3 billion.

The FTC said it had worked with attorneys general from several states to examine how local markets for funeral and cemetery services would be affected by the deal and had found 59 communities in which the merger was likely to “substantially lessen competition.”

Each of those markets is highly concentrated, the FTC said, and the deal “would enable the merged firm unilaterally to raise prices charged to consumers in these local markets and would substantially increase the risk of collusion between SCI and the few remaining competitors in the affected local areas.”

Advertisement

1

2

3

4

5

6

7

8

Ryan Thogmartin

CEO at DISRUPT Media and ConnectingDirector.com
Ryan Thogmartin is the Owner and CEO of DISRUPT Media.

DISRUPT Media is a full-service creative agency built for the now. We partner with death care companies to drive deep-rooted brand loyalty and measurable leads through social media.

More Fans. More Conversations. More Leads.

Ryan is also the founder of ConnectingDirectors.com. ConnectingDirectors.com is the leading online daily publication for funeral professionals with a reader base of over 45,000 of the most elite and forward-thinking professionals in the profession. With ConnectingDirectors.com Ryan has created a global community through an online platform allowing funeral professionals to Stay Current. Stay Informed and Stay Elite.
Advertisement

You may be interested

UPDATE ON HUGE FUNERAL INDUSTRY CIVIL LAWSUIT | FUNERAL nation 101 – CHANGE MAKERS
FUNERAL Nation
3 views
FUNERAL Nation
3 views

UPDATE ON HUGE FUNERAL INDUSTRY CIVIL LAWSUIT | FUNERAL nation 101 – CHANGE MAKERS

CDFuneralNews - January 21, 2018

On this episode, we talk with a death care attorney who is handling a high profile civil lawsuit affecting thousands…

Funeral Cribs Episode 5 – Sunset Memorial Park, Alabama
News
404 views
News
404 views

Funeral Cribs Episode 5 – Sunset Memorial Park, Alabama

CDFuneralNews - January 18, 2018

The Sunset Memorial Park Funeral Home has had one major goal in mind from the time it started until now,…

Blog Archives Decedent’s Final Tweets… And They are Heartbreaking
Humor
380 views
Humor
380 views

Blog Archives Decedent’s Final Tweets… And They are Heartbreaking

Justin Crowe - January 16, 2018

The digital age has created some fascinating unprecedented scenarios concerning legacy. Facebook chronicles our lives, so when my kids are…

Comments