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Rose Hills Memorial Park sold mortuary to business managers.


Rose Hills Memorial Park Rose Hills Memorial Park is a large cemetery located in Whittier, California. History
Rose Hills began in 1914 as a small cemetery, consisting of 18 acres. At that time, Rose Hills served as the local burial grounds for Whittier.
 sold mortuary mor·tu·ar·y
n.
A place, especially a funeral home, where dead bodies are kept before burial or cremation.
 business to managers

WHITTIER - Rose Hills Memorial Park Association, the non-profit owner of both the largest cemetery cemetery, name used by early Christians to designate a place for burying the dead. First applied in Christian burials in the Roman catacombs, the word cemetery came into general usage in the 15th cent.  and the largest single-location mortuary in the nation, agreed to sell its for-profit mortuary operation last week for an undisclosed sum to its three top managers.

Dennis C. Poulsen, president of Rose Hills Mortuary; Sandy V. Durko, senior vice president; and Kendall Ken·dall , Edward Calvin 1886-1972.

American biochemist. He shared a 1950 Nobel Prize for discoveries concerning the hormones of the adrenal cortex.
 E. Nungesser, vice president; and Kendall E. Nungesser, chief financial officer, bought the mortuary under a partnership named PDN (1) (Packet Data Network) See packet switching.

(2) (Premises Distribution Network) The network that connects a customer's ADSL transceiver (ATU-R) to the Service Modules (PCs, routers, set-top boxes, etc.). See DSL.
 Inc.

"Effectively, nothing will change except that they (the three managers) will now be operating the mortuary on their own behalf, and will continue to operate the cemetary on the association's behalf," said Lloyd Greif, a vice president of Sutro & Co., which represented the three managers in the deal.

The non-profit, tax-exempt association decided to sell its for-profit mortuary because "having a for-profit subsidiary did not sit well with the members of the association," Greif explained.

No outside bids were seriously considered, he said because the association wanted to retain its close ties to the mortuary.
COPYRIGHT 1990 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Los Angeles Business Journal
Date:May 7, 1990
Words:180
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