The University of South Florida Board of Trustees voted unanimously today in favor of the new partnership between USF and Lakeland Regional Medical Center.
The unique affiliation between the University of South Florida and Lakeland Regional Medical Center creates a non-profit corporation-- USF Health System Inc.
Lakeland Regional is one of Florida's busiest hospitals and it would be a major teaching hospital for USF.
Trustee member Steve Mitchell says this is a great partnership.
"It will be my honor and I will be humbled to cast the favor of this of this relationship because of the fine operation that we will now be associated with, we could not find a better partner," he says.
The new corporation is set to take effect by March 2013. The residency program is set to be up and running by 2015.