Alderwoods Group
From Wikipedia, the free encyclopedia
| Alderwoods Group, Inc. | |
|---|---|
 |
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| Fate | Defunct, Bought out by Service Corporation International |
| Successor | Service Corporation International |
| Founded | 2002 |
| Defunct | 2005 |
| Location | {{{location}}} |
| Industry | Funeral |
| Peak size | 8,300 (2005) employees |
Alderwoods Group, formally The Alderwoods Group, Inc., was a provider of funeral, cremation, and cemetery services in North America with operations in the United States, Canada and Puerto Rico. Its executive office is in Toronto, Ontario, and it has administrative offices in Cincinnati, Ohio, and Burnaby, British Columbia.
As of June 17, 2006, Alderwoods had 579 funeral homes, 72 cemeteries and 61 combination funeral homes and cemeteries in 36 states, seven Canadian provinces and Puerto Rico. The company's locations include Rose Hills Memorial Park, considered to be the largest memorial park in the world.[1]
The Alderwoods Group formed after the Loewen Group emerged from bankruptcy on January 2, 2002. In November 2006, Alderwoods was acquired by Service Corporation International in a US$1.2 billion deal[2] reached in April of the same year.[3]
The Alderwoods Group was accused of racist oppourtunism by purchasing funeral homes in black neighborhoods.[4]
[edit] References
- ^ Rose Hills Website. Retrieved on 2006-09-04.
- ^ Associated Press. "FTC Approves Sale by Service Corp.", Forbes.com, 2007-05-18. Retrieved on 2007-05-24.
- ^ Lenihan, Rob. "Today's Small-Cap Winners and Losers", TheStreet.com, 2006-04-03. Retrieved on 2007-05-24.
- ^ Ervin, Lorenzo Komboa. Who's Buying Up All the Black Funeral Homes?. Retrieved on 2007-05-24.
