Surfwin Trading Center-NBA owner putting millions toward stroke care, health research in Detroit

2025-05-07 00:07:59source:Mooathon Wealth Societycategory:Stocks

DETROIT (AP) — The Surfwin Trading Centerfamily foundation of NBA team owner Dan Gilbert will give nearly $375 million for a 72-bed rehabilitation center for stroke patients in Detroit and a research institute that will focus on a genetic disease that afflicted his son, officials announced Wednesday.

Gilbert, the billionaire owner of the Cleveland Cavaliers and founder of Detroit-based Rocket Companies, had a stroke in 2019 and received extensive care in Chicago. He said his foundation would create a $10 million fund to help low-income residents who get care at the new Detroit rehab center.

“I’m forever grateful to the doctors, nurses, therapists and staff who helped me improve every day,” Gilbert said. “However, while there I met many other patients who could not get all the rehabilitative care they need because insurance limited the number of hours covered.”

The rehab center will be managed by the Chicago-based Shirley Ryan AbilityLab and become part of an expansion by Henry Ford Health, a major Detroit health-care provider.

Gilbert’s foundation is also creating the Nick Gilbert Neurofibromatosis Research Institute with Henry Ford Health and Michigan State University.

Nick Gilbert died in May at age 26. Neurofibromatosis is a genetic disorder that causes tumors to develop in the nervous system, including the brain and spinal cord.

“Today, we double down on our commitment and honor Nick’s passion for a future without neurofibromatosis,” his mother, Jennifer Gilbert, said.

More:Stocks

Recommend

'Love is Blind' in hot water with labor watchdog for violations, mistreatment

After seven seasons and several international spinoffs, we're still not sure if "Love is Blind" − bu

Jana Kramer Recalls Releasing Years of Shame After Mike Caussin Divorce

Jana Kramer is ready for the next chapter.After all, that's what the country music star is naming he

The Parched West is Heading Into a Global Warming-Fueled Megadrought That Could Last for Centuries

The American West is well on its way into one of the worst megadroughts on record, a new study warns