Mega Death: Meet the Company That’s Taking Over the Funeral Industry

SCI has 1,800 funeral homes and cemeteries in the U.S. and Canada, 20,000 employees and a market capitalization of $4 billion. Should a company this large have this much control over how we care for the dead?

“‘We are going to be poised to benefit from the aging of America, the baby boomers,’ Foley said. Deaths in the U.S. are forecast to increase at an average annual rate of 1.1 percent over the next five years. At SCI, earnings per share rose 26 percent in the first half of 2013. ‘This growth,’ Foley said, ’was driven in large part due to the strong flu season’—i.e., a lot of old people got sick and died last winter.”

Source: Businessweek
Published: Oct 25, 2013
Length: 14 minutes (3,673 words)
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