As Dan Gilbert recovers from a stroke, his impact on Cleveland and Detroit cannot be overstated – News 5 Cleveland

As Dan Gilbert recovers from a stroke, his impact on Cleveland and Detroit cannot be overstated - News 5 Cleveland
Quicken Loans founder Dan Gilbert improving by the hour after stroke
CLEVELAND, Ohio (WOIO) -Over the Memorial Day weekend Cleveland Cavaliers and Quicken Loans owner Dan Gilbert suffered a stroke while at the hospital.

According to a statement issued by Jay Farner, Quicken Loans CEO, Monday, Dan is awake, responsive and resting comfortably.

Although not being treated by University Hospitals (UH) , Dr. Cathy Sila who is the Director of the Department of Neurology for UH is helping to explain strokes.

Your brain relies on a constant flow of blood to provide oxygen and nutrients. If that stops, thats a stroke.

Gilbert was admitted into a Detroit-area hospital on Sunday morning after feeling ill. He then suffered a stroke at the hospital and was moved to the ICU for recovery. 

A stroke is a brain injury resulting from a blocked or leaking blood vessel that carries blood to the brain, according to a UH document and website.

Boston Celtics co-owner and Bain Capital co-chairman Stephen Pagliuca discusses the gambling atmosphere in the NBA and the standards set by the leagues commissioner Adam Silver from the World Economic Forum in Davos, Switzerland.

Video: Quicken Loans CEO Jay Farner discusses Dan Gilberts condition

In general, the larger the area of brain damage, the higher the risk of dying from the stroke or surviving with disability after the stroke,” Dr. Sila said.

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.

Video: As Dan Gilbert recovers from stroke his impact on Cleveland cannot be understated

Late effects of stroke include slurred speech or language deficits, inability to walk or care for self due to weakness or paralysis, numbness or tingling, memory or behavioral changes.

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.

The statement from Quicken Loans did not specify which type of stroke Gilbert had and just because a he is awake and responsive Sila said its not possible to determine a patients brain damage potential.

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.

Is he speaking? Making sense? Able to use his arms and legs to perform activities of daily living and walk?

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.

Its estimated that perhaps 80% of strokes could be prevented if individual risk factors could be treated and controlled, Sila said.

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

Of all the risk factors, high blood pressure, cholesterol, diabetes, smoking, heart disease, high blood pressure is the most important risk factor for stroke, both ischemic and hemorrhagic.

CLEVELAND (AP) — Cavaliers owner Dan Gilbert remains hospitalized and is “resting comfortably” after suffering a stroke.

The 57-year-old was taken to a Detroit-area hospital Sunday by a friend after not feeling well, and he had the stroke while getting medical care, Quicken Loans CEO Jay Farner said in a statement Monday night.

Farner said Gilbert was immediately taken for a catheter-based procedure and then moved to recovery in an intensive care unit.

“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.”

Gilbert, who has owned the Cavs since 2005, founded Quicken Loans, the nations largest online mortgage lender. Farner said the company will update the public as additional details become known.

Gilbert has numerous business ventures in Michigan and Ohio, and Farner said those companies will continue to operate during his absence.

“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,” Farner said.

A father of five, Gilbert has built a business empire while leading economic revivals in downtown Detroit and Cleveland.

Last week, Gilbert introduced new Cavs coach John Beilein during a news conference at the teams training facility in Independence, Ohio.

The Cavs have gone to five NBA Finals under Gilbert, who is the first Cleveland owner to win a major sports championship since 1964. He can be brash and impulsive, but Gilbert has been willing to spend — and pay exorbitant luxury tax penalties — to keep the Cavs competitive.

He fired coach Tyronn Lue after six games last season, and then parted ways with Larry Drew following a 19-63 season before hiring Beilein, the winningest coach in Michigan history.


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