FTC Approves Proposed Divestiture in Matter of Service Corporation International

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Commission approval of proposed divestiture: Following a public comment period, the Commission has approved several divestitures related to Service Corporation International’s (SCI) recent acquisition of Alderwoods Group. In the FTC’s consent agreement and order allowing the transaction to proceed with conditions, SCI and Alderwoods were required to divest a range of funeral home and cemetery services companies, and have petitioned the Commission for approval. By a vote of 5-0, the FTC has now approved the companies’ request to divest SCI’s Parnick Jennings Funeral Home and Cremation Service in Cartersville, Georgia, to Pinnacle Funeral Service, LLC, which is a collaboration of Vineyard Financing, LLC, and Greg Rollings, who will serve as Pinnacle’s president. (FTC File No. 061-0156, Docket No. C-4174; the staff contact is Elizabeth A. Piotrowski, Bureau of Competition, 202-326-2623; see press release dated November 22, 2006.)

Copies of the documents mentioned in this release are available from the FTC’s Web site at http://www.ftc.gov and from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.

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