PEERAGE NEWS

LANDMARK 11 MILLION DOLLAR GIFT FROM PHILANTHROPIST MILES NADAL WILL NAME RENOWNED INSTITUTION THE MILES NADAL HEART CENTRE

An 11 million dollar gift from philanthropist Miles Nadal will see Mount Sinai Hospital’s specialized cardiology program gain increased prominence and resources. Miles Nadal has been a leader, sponsor and supporter to Mount Sinai for over two decades, with personal donations totalling over 14 million. The Miles Nadal Heart Centre is a destination cardiology centre in the Greater Toronto Area that brings together the hospital’s expertise and specialties in distinct patient populations, such as women with heart disease who are pregnant or wishing to become pregnant; care for advanced-stage heart failure patients and treatment for patients with sleep apnea and breathlessness.

The Miles Nadal Heart Centre will be propelled by research to better understand heart function in these different populations, such as the difference in men’s and women’s hearts. With a strong academic research mandate, the Centre will also be home to Canada’s only research-dedicated cardiac catheterization lab – the Mecklinger-Posluns Cardiac Catheterization Research Laboratory. The Centre uses state-of-the-art imaging to look at the mechanics of the heart and is at the international forefront of understanding heart disease.

Heart disease is the number one killer of Canadians, with nearly 1.5 million Canadians diagnosed annually with heart disease, one-third of these are in heart failure, which is the primary reason that people over age 65 are hospitalized. Heart failure debilitates patients with extreme weakness, chronic fatigue and fluid retention, and is usually fatal. This is an often overlooked area of care that The Miles Nadal Heart Centre is uniquely poised to address, as they care for the 99 per cent of heart failure patients who will never get a transplant.

The landmark gift will also support Sinai Health System’s capital development initiative, Renew Sinai which is transforming the hospital’s facilities and growing it’s internationally recognized clinical and research programs. In recognition, the unit that cares for hospitalized patients with heart failure will be named the Kelly Nadal Cardiac In-Patient Unit. Construction throughout the hospital has already begun on the largest redevelopment in its history.

Miles Nadal has had a long history with Mount Sinai Hospital and has always inspired and motivated others to give. More than two decades ago, he established Leadership Sinai, a young professionals group that raises money for Sinai Health. He also founded Sinai Health Foundation’s longest running event the Mount Sinai Golf Classic now in its 24th year. Combined, these initiatives have raised over $20 million.

Quotes:

“As the CEO and as a cardiologist who spent over twenty years caring for our cardiology patients, I am very pleased to express our gratitude on behalf of our patients and staff for this very generous gift.” Dr. Gary Newton, President and CEO, Sinai Health System.

“A philanthropic leader, Miles has not only been extraordinarily generous with his gift, but has also consistently inspired others to support exceptional care and research. We are very grateful.” Brent Belzberg, Chair of the Board, Sinai Health System.

“Miles and the Nadal family have always been strategic and generous philanthropic leaders in our community, focused on supporting outstanding talent in every area of giving. The generosity of this gift will propel our growth and expertise in this important area of care.” David Cynamon and Howard Sokolowski, Co-Chairs and Presidents of the Board, Sinai Health Foundation.

“Our donor community plays such a central role in our ability to fulfill our vision of being Canada’s leading integrated health system. Miles shares that vision, and I am immensely grateful for their passion that compels them to make bold, large scale investments such as this.” Louis de Melo, CEO, Sinai Health Foundation.

“I’ve always prided myself on being an entrepreneur and I see Sinai in that vein: they’re challenging conventional wisdom, doing things in an entrepreneurial way. I believe what we’re doing at the Miles Nadal Heart Centre is world leading and will change the approach to cardiac care.” Miles Nadal, Founder, Chairman & CEO, Peerage Capital Group.

“For the overwhelming majority of people with heart disease, it is a chronic issue where we need to help them find ways to manage and live well with it. I think we do a very good job of helping people, particularly once they get back home, to have as high a quality of life as possible, but we all want to do more for this patient population. This gift from Miles Nadal will translate into more options and hopefully, better outcomes for these patients.” Dr. Alan Barolet, Site Director for Cardiology at Mount Sinai Hospital.

About Sinai Health System
Sinai Health System is comprised of Mount Sinai Hospital, Bridgepoint Active Healthcare, Lunenfeld-Tanenbaum Research Institute and Circle of Care. As an integrated health system, it delivers exceptional care from healthy beginnings to healthy aging, especially for people with specialized and complex health needs, in hospital, community and home. Sinai Health System discovers and translates scientific breakthroughs, develops practical health solutions, educates future clinical and scientific leaders and leads efforts to eliminate health inequities. Its Lunenfeld-Tanenbaum Research Institute ranks in the top ten biomedical research institutes in the world. Sinai Health System is a full affiliate of the University of Toronto. www.sinaihealthsystem.ca

Miles S. Nadal
An international entrepreneur known for his innovative professional partnerships and philanthropic generosity, Miles Nadal’s leadership style inspires the cultural values at the core of each organization he is involved with. As the Founder, Chairman and CEO of Peerage Capital Group, a leading North American business services organization, Nadal focuses on long-term investing in high quality assets. His growing network of partner companies employs over 1,000 people in the real estate, asset management, aviation services, land assembly, and private equity sectors, with a total of $7.5 billion in assets.

Miles has given keystone gifts to Miles S. Nadal Jewish Community Centre and to the Koenigsberg & Nadal Interactive Media Center at the School of Communication, University of Miami. He provided funds to the Miles S. Nadal Management Centre at York University, and the Miles S. Nadal Institute for Technological Entrepreneurship at Tel Aviv University. Miles gifted funds to create the Miles and Kelly Nadal Youth Centre, a Toronto Kiwanis Boys and Girls Club facility for at-risk youth in Toronto and has also given generously to the Global Medical Relief Fund and Operation Smile, along with contributions to scholarships, community parks, and medical research.

Real Estate Reset

Real Estate Reset

Chestnut Park Real Estate and Peerage Realty Partners recently collaborated on the presentation of a webinar called “Real Estate Reset.”

A panel of residential real estate experts were convened to share their views on the path forward and how housing markets have – and will continue to be – affected by the global pandemic.

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LLB, President and CEO, Broker of Record,
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