Funeral Industry News

StoneMor Buying More Cemeteries, Funeral Homes

April 29, 2011

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StoneMor Buying More Cemeteries, Funeral Homes

Cemetery and funeral home owner StoneMor Partners announced plans Thursday to add nine cemeteries and 10 funeral homes for a total purchase price of $10.5 million.

Levittown, Pa.-based StoneMor (NASDAQ:STON) did not disclose the locations. It did say the cemeteries had 1,530 interments last year and the funeral homes had about 1,300 services performed.

StoneMor owns and operates 260 cemeteries and 58 funeral homes in 27 states and Puerto Rico.