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Private equity firms are investing in health care from cradle to grave, and in that latter category quite literally. A small but growing percentage of the funeral home industry — and the broader death care market — is being gobbled up by private equity-backed firms attracted by high profit margins, predictable income, and the eventual deaths of tens of millions of baby boomers.
Private equity is buying up funeral homes, enticed by a large industry with reliable income that is still mainly populated by small businesses.
BENNINGTON — The E.P. Mahar Funeral Service has been acquired by the Rollings Funeral Service, becoming the second longtime funeral business in Bennington to join the Georgia-based group.
3 hrs ago Pictured (front row) are Matt Porter, Funeral Director; Sandy Meyer, Secretary; Mike Porter, Funeral Director; (back row) Gary Solgere, Funeral Assistant; Logan Alloway, Intern; Ed Dwenger, Funeral Assistant.Photo provided GREENSBURG - Co-owners and father and son duo Mike and Matt Porter of Porter-Oliger-Pearson Funeral Home are proud to share the news of their funeral home’s partnership with Rollings Funeral Service, a family organization owned by the husband and wife team of Greg and Debbie Rollings of Tyrone, Georgia. In looking for a new partner, both Porters wanted someone w...