Cavaliers owner Dan Gilbert suffered a stroke, is resting comfortably after an emergency procedure – Crains Cleveland Business

Cavaliers owner Dan Gilbert suffered a stroke, is \resting comfortably\ after an emergency procedure - Crain\s Cleveland Business
Cavs owner Gilbert awake after stroke, CEO says
Quicken Loans founder Dan Gilbert suffered a stroke in the hospital Sunday and had a catheter-based procedure immediately, the company confirmed late Monday.

Following the procedure, the billionaire businessman was moved to the intensive-care unit to recover, Quicken CEO Jay Farner said in a statement, which revealed further details about what had sent the 57-year-old to seek medical treatment.

"He received immediate medical attention and is currently recovering comfortably," said a statement issued by the Quicken Loans family of companies following inquiries from The News. "Our collective thoughts and prayers are with Dan for a speedy recovery."

“Dan is awake, responsive and resting comfortably,” Farner said. “Dan and his family are immensely grateful to the doctors and nurses whose early intervention is already paying dividends toward his recovery.”

Update: Gilbert Stays in Hospital After Catheter Procedure for Stroke; Cancels Mackinac Appearance

Farner said Gilbert, who is responsible for much of downtown Detroits recent growth and also owns the NBAs Cleveland Cavaliers, had not been feeling well Sunday morning and a family friend took him to the hospital, reported previously as Royal Oak Beaumont. 

Dan was not feeling well Sunday morning so he was taken to the hospital by a family friend. While under care at the hospital, he suffered a stroke and was immediately taken in for a catheter-based procedure, then moved to recovery in the Intensive Care Unit.

“Dan Gilbert and his family are grateful for the outpouring of support,” he said. “We appreciate the communitys concern.”

Update, 9:57 p.m. Monday:  Quicken Loans founder Dan Gilbert underwent a catheter-based procedure after suffering a stroke Sunday. He remained at Beaumont Hospital in Royal Oak, according to a Monday night statement from Quicken Loans CEO Jay Farner:

Farner said more updates will come as additional details are learned. He added that Gilberts companies will continue to operate normally. 

His emergency hospitalization comes a few days before the mogul was due to attend the Detroit Regional Chamber's annual Mackinac Policy Conference on Mackinac Island. Bill Emerson, vice chairman of Quicken Loans, will fill in Wednesday afternoon.

Gilbert had been expected to deliver a keynote speech on Wednesday at the annual Mackinac Policy Conference on Mackinac Island. Bill Emerson, vice chairman of Quicken, will take his place. 

We will update the public as additional details become known. Thanks to the strong culture and leadership Dan has built and grown, business at the Rock Family of Companies will continue under the normal, everyday direction of their respective CEOs.

Dan was not feeling well Sunday morning so he was taken to the hospital by a family friend, Quicken Loans Chief Executive Officer Jay Farner said in an emailed statement. While under care at the hospital, he suffered a stroke and was immediately taken in for a catheter-based procedure, then moved to recovery in the intensive care unit.

Gilbert, 57, is founder and chairman of Quicken Loans, majority owner of the NBA Cleveland Cavaliers and a significant owner of downtown Detroit real estate. He was admitted to Royal Oak Beaumont Hospital early Sunday morning.

Gilbert, 57, is a prominent Michigan real estate investor who bought several buildings in Detroit during the last U.S. recession and moved his company from the suburbs to the city, helping spark a revival in the Motor Citys downtown core. Hes been refashioning his citys downtown into a place that appeals to fast-growing, innovative businesses.

He purchased a majority stake in the Cavaliers basketball team in 2005, winning the franchises first NBA championship with superstar LeBron James just over a decade later. Closely held Quicken Loans has grown to become the largest home mortgage lender in the U.S. and Gilberts personal fortune now totals about $8.9 billion, according to the Bloomberg Billionaires Index.

Dan is awake, responsive and resting comfortably. Dan and his family are immensely grateful to the doctors and nurses whose early intervention is already paying dividends toward his recovery.

Through Rock Ventures, Gilbert has invested in more than 100 companies, including casinos in Baltimore and Cincinnati, thoroughbred racetracks in Ohio and Kentucky and technology startups, according to its website.

Billionaire developer Dan Gilbert is hospitalized Sunday night with "stroke symptoms," according to The Detroit News.

Gilberts companies will continue under the normal, everyday direction of their respective CEOs, Farner said.

To contact the editors responsible for this story: Chua Baizhen at bchua14@bloomberg.net, Katrina Nicholas, Peter Vercoe


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