NihanД±N HayatД±
Essay Preview: NihanД±N HayatД±
Report this essay
Pennsylvania, Osiris owned and operated 22 cemeteries and four combination funeral home/cemetery facilities, all within the United States. In August 1995, the company purchased MHI Group, Inc., an operator of 13 funeral homes, four cemeteries, and three crematories in the state of Florida, and five additional properties in Colorado. One of the most significant properties involved in this transaction was the Star of David funeral home/cemetery facility that served a large Jewish community in Fort Lauderdale, Florida. During late 1995 and early 1996, the company concluded two more major acquisitions, including the Shipper Group and Ourso Investment Corporation. Shipper Group owned and operated a total of seven cemeteries in the New York/New Jersey area, including Beth Israel Cemetery in Woodbridge, New Jersey. Beth Israel Cemetery was the largest cemetery serving the Jewish community in the state of New Jersey. Ourso Investment Corporation, located in Louisiana, was the owner of 15 funeral homes, two cemeteries, and a growing life insurance business. The Loewen Group expected high returns from Ourso, which had annual revenues of more than $70 million, within a very short time.
In addition to aggressive expansion of its network of funeral homes and cemeteries in North America, in the early 1990s the company established The Loewen Childrens Foundation, a nonprofit organization formed to promote and support hospice care for terminally ill children in both Canada and the United States. The company was also a founding sponsor of Canuck Place, the first freestanding hospice facility to care for terminally ill children and the needs of their families in North America.
The Loewen Group became the second largest provider of death care services in North America, ranked along with the leader in the industry, Service Corporation International, and third place Stewart Enterprises. These three companies, however, represented less than 8 percent