Photo: White Lady Funerals (InvoCare)
The Financial review has just published an interesting article (6/8/2018) about the fierce competition for funeral businesses by two ASX-listed operators (InvoCare & Propel Funeral Partners) looking to expand their market share and start to drive price tags up.
Why consumers and family owned funeral homes should be concerned?
Peter Erceg, Founder of eziFunerals said, “These latest acquisitions by InvoCare and Propel Funeral Partners may be good news for shareholders, but not for grieving families and independents”.
“InvoCare and Propel Funeral Partners are reporting higher and higher profits as they continue to increase their footprint and buy out small operators to increase their market share, at the expense of consumers”, he said.
According to eziFunerals, “unless consumers know who owns their local funeral home and shop around, they will continue to hit with rising costs and a lack of choice. This is not in the interests of grieving families and family owned funeral homes”.
eziFunerals is a free consumer advocacy and funeral planning platform that supports individuals and families cope with end of life decisions, death and funerals. We are an independent, Australian-owned and operated company, and are not a subsidiary of any other corporation. We are not part of any other funeral company. Founded by consumers frustrated by how difficult it was to get independent information, eziFunerals supports consumers plan a funeral, compare prices and select the right funeral director anywhere, anytime.