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Report: Marian med school to add $44M to economy each year

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Marian University will spend more than $32 million to build a facility for its new college of osteopathic medicine and expects the school to add $44 million a year to the Indianapolis-area economy.

The small Catholic college south of the Indianapolis Museum of Art will open the medical school in the fall of 2012. It will be the state's second such program, joining the Indiana University School of Medicine.

Marian intends to enroll 150 students in each of four classes, topping out at a student body of 600. The school will directly employ more than 350, including many scientific and medical researchers.

The economic impact estimate comes from a study commissioned by Marian and conducted by the Indianapolis-based Center for Urban Policy and the Environment. It was to be made public Tuesday.

Once the school is operating at full capacity, Marian will spend $18.5 million a year to run it, including $13.2 million on wages, according to the study. Students will spend another $8 million per year, the study estimated.

The study assumed the impact of those dollars would be multiplied as they ricochet in the local economy. The total economic impact will be more than $44 million, which will support about 450 total jobs.

“We wanted people to see that this is a game changer,” Marian President Dan Elsener said, explaining why Marian commissioned the study.

Elsener hopes the economic impact numbers help as Marian seeks to raise more money to fund the medical school and several interrelated projects on its campus.

Those projects include new facilities to support the doubling of math and science undergraduate students, which Elsener expects as a result of the medical school opening. Marian also is expanding graduate nurse training, and it will need more housing and parking to accommodate the additional students.

In all, those projects will cost $200 million. Marian has so far raised $130 million toward that goal.

The medical school by itself was initially projected to cost $75 million. Marian announced its plans to start the school early this year after it secured a $30 million gift from anonymous donor.

Elsener hopes the new medical school will help produce more family doctors for Indiana. More than half the counties in the state suffer from a shortage of primary care doctors.

Last month, Marian hired Dr. Paul Evans as dean of the new medical school. Evans, who started work Sept. 1, spent the previous six years launching a new osteopathic medical school in Atlanta.

“This is a unique opportunity,” Evans said. “It’s a new medical school that has absolutely no restrictions. All the knowledge I’ve gained over my career, here’s a good opportunity to make it happen.”

Marian has established partnerships with local hospitals—such as St. Vincent Health, Community Health Network and Westview Hospital—and is working on more to help its students finish their training.

Osteopathic medicine trains doctors in the same way as traditional medical schools, but they tend to emphasize the total health of patients a bit more. Westview Hospital is the only osteopathic hospital in Indianapolis.Marian University will invest more than $32 million to build a new building for its college of osteopathic medicine and expects the school to add $44 million a year to the Indianapolis-area economy.
 
The small Catholic college south of the Indianapolis Museum of Art will open the new school in the fall of 2012. It will be Indiana’s second medical school, after the Indiana University School of Medicine.
 
Marian intends to enroll 150 students in each of four classes, topping out at a student body of 600. The school will directly employ more than 350 workers, including many scientific and medical researchers.
 
The economic impact estimate comes from a study commissioned by Marian and conducted by the Indianapolis-based Center for Urban Policy and the Environment. It will be made public later Tuesday.
 
Once the school is operating at full capacity, Marian will spend $18.5 million a year to run it, including $13.2 million on wages, according to the study. Students will spend another $8 million per year, the study estimated.
 
The study assumed the impact of those dollars would be multiplied as they ricochet in the local economy. The total economic impact will be more than $44 million, which will support about 450 total jobs.
 
“We wanted people to see that this is a game changer,” said Marian President Dan Elsener when asked why Marian commissioned the impact study of its medical school. Contribute to innovations in care delivery and the development of new treatments that contribute to central Indiana’s life sciences business sector.
 
Elsener hopes the economic impact numbers help as Marian seeks to raise more money to fund the medical school and several interrelated projects on its campus.
 
Those projects include new facilities to support an expected doubling of math and science undergraduate students Elsener expects the opening the of the medical school to produce. Marian is also expanding graduate nurse training, and it will need more housing and parking to accommodate the additional students.
 
In all those projects will cost $200 million. Marian has so far raised $130 million toward that goal.
 
The medical school by itself was initially projected to cost $75 million. Marian first announced its plans to start the school late last year after it secured a $30 million gift from anonymous donor.
 
Elsener hopes the new medical school helps produce more family doctors for Indiana. More than half the counties in the state suffer from a shortage of primary care doctors.
 
Marian hired Dr. Paul Evans as dean of the new medical school. Evans, who started at Marian on Sept. 1, spent the previous six years launching a new osteopathic medical school in Atlanta.
 
“This is a unique opportunity,” Evans said. “It’s a new medical school that has absolutely no restrictions. All the knowledge I’ve gained over my career, here’s a good opportunity to make it happen.”
 
Marian has established partnerships with local hospitals—such as St. Vincent Health, Community Health Network and Westview Hospital—and is working on more to help its students finish their training.
 
Osteopathic medicine trains doctors in the same way as traditional medical schools, but they tend to emphasize the total health of patients a bit more. Westview Hospital is the only osteopathic hospital in Indianapolis.Marian University will invest more than $32 million to build a new building for its college of osteopathic medicine and expects the school to add $44 million a year to the Indianapolis-area economy.
 
The small Catholic college south of the Indianapolis Museum of Art will open the new school in the fall of 2012. It will be Indiana’s second medical school, after the Indiana University School of Medicine.
 
Marian intends to enroll 150 students in each of four classes, topping out at a student body of 600. The school will directly employ more than 350 workers, including many scientific and medical researchers.
 
The economic impact estimate comes from a study commissioned by Marian and conducted by the Indianapolis-based Center for Urban Policy and the Environment. It will be made public later Tuesday.
 
Once the school is operating at full capacity, Marian will spend $18.5 million a year to run it, including $13.2 million on wages, according to the study. Students will spend another $8 million per year, the study estimated.
 
The study assumed the impact of those dollars would be multiplied as they ricochet in the local economy. The total economic impact will be more than $44 million, which will support about 450 total jobs.
 
“We wanted people to see that this is a game changer,” said Marian President Dan Elsener when asked why Marian commissioned the impact study of its medical school. Contribute to innovations in care delivery and the development of new treatments that contribute to central Indiana’s life sciences business sector.
 
Elsener hopes the economic impact numbers help as Marian seeks to raise more money to fund the medical school and several interrelated projects on its campus.
 
Those projects include new facilities to support an expected doubling of math and science undergraduate students Elsener expects the opening the of the medical school to produce. Marian is also expanding graduate nurse training, and it will need more housing and parking to accommodate the additional students.
 
In all those projects will cost $200 million. Marian has so far raised $130 million toward that goal.
 
The medical school by itself was initially projected to cost $75 million. Marian first announced its plans to start the school late last year after it secured a $30 million gift from anonymous donor.
 
Elsener hopes the new medical school helps produce more family doctors for Indiana. More than half the counties in the state suffer from a shortage of primary care doctors.
 
Marian hired Dr. Paul Evans as dean of the new medical school. Evans, who started at Marian on Sept. 1, spent the previous six years launching a new osteopathic medical school in Atlanta.
 
“This is a unique opportunity,” Evans said. “It’s a new medical school that has absolutely no restrictions. All the knowledge I’ve gained over my career, here’s a good opportunity to make it happen.”
 
Marian has established partnerships with local hospitals—such as St. Vincent Health, Community Health Network and Westview Hospital—and is working on more to help its students finish their training.
 
Osteopathic medicine trains doctors in the same way as traditional medical schools, but they tend to emphasize the total health of patients a bit more. Westview Hospital is the only osteopathic hospital in Indianapolis.
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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