Service Corporation International, a company that owns and operates cemeteries and funeral homes, will be coming to the Tampa area. SCI, founded in 1962, has been in the process of acquiring several of its competitors in recent years, and in December 2013, the Federal Trade Commission gave the go ahead for the company to buy Stewart Enterprises for $1.4 billion.
Stewart brings an additional 217 funeral homes to SCI's holdings and gives the company 24 percent of the market share in the Tamp Bay area. This could mean an increase in pricing for local consumers. According to a report on Bloomberg Businessweek, SCI was already priced above independently owned funeral homes in 2013, with an average cost of $6,256. The average cost of services at an independent funeral home was $4,405.