Danaher
Makes equipment and supplies for labs, hospitals and scientists.
📖 Its story
The company was born in 1969 as a real estate business. In the 1980s, brothers Steven and Mitchell Rales took it over and changed it completely. They kept buying tool and science companies until it became a big health company.
💵 How it makes money
It sells instruments, diagnostic tests and supplies for making medicines and doing research.
🤯 Fun fact
Its name comes from Danaher Creek, in Montana, where the Rales brothers got the idea while on a fishing trip.
👍 The good part
Labs need its supplies again and again, so they buy from it often.
⚠️ The risk
When labs spend less, like after the pandemic, its sales can go down.
🧠 Did you get it?
Where does the name Danaher come from?
🗂️ Quick facts
- Founded in: 1969
- Founded by: Steven and Mitchell Rales (turned it into Danaher in 1984)
- Home: Washington, D.C., USA
🔎 How to find it on the stock market
- Search the internet for DHR stock.
- You can also find it in your parents' investing app with the letters DHR.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in Danaher. Ask your mom or dad to join the list.
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