Quicken Loans co-founder Dan Gilbert suffered a stroke on Sunday, according to a statement released by the company.
Gilbert, 57, is “awake, responsive and resting comfortably,” according to a statement released by Jay Farner, Quicken Loans CEO.
“Dan was not feeling well Sunday morning so he was taken to the hospital by a family friend,” Farner said in the statement. “While under care at the hospital, he suffered a stroke and was immediately takin in for a catheter-based procedure, then moved to recovery in the Intensive Care Unit.”
Farner said that operations at Quicken Loans would continue as normal.
Gilbert founded what eventually became Quicken Loans in 1985 with $5,000 he earned from selling pizzas in college, according to a Forbes report. He sold the company to Intuit in 1999 for $320 million, then bought it back for $64 million in 2002, according to Forbes.
Gilbert also owns the Cleveland Cavaliers basketball team.