As the number of deaths in Australia increases each year, so too does the number of funeral businesses. There are now an estimated 900 funeral businesses in Australia, with the industry employing approximately 7,600 people. This does not include many third-party services. Although funeral businesses were traditionally structured around family-owned and operated private companies, this has changed since the 1990’s. In recent years there has been significant industry consolidation which has seen the emergence of a number of multi- branded companies such as InvoCare Limited.
InvoCare Limited is currently listed on the Australian stock exchange and owns and operates funeral homes, cemeteries and crematoria in Australia and Singapore.
It is the largest provider of funeral services and the largest operator of private cemeteries and crematoria in Australia. It operates up to 230 funeral homes trading under different brands and 12 cemeteries and crematoria nationally. InvoCare Limited is also one of Australia’s largest suppliers of pre-paid funeral plans.