Distalmotion and First Citizens Bank’s Healthcare Equipment Finance division have joined forces to introduce a new financing program designed to help hospitals, ambulatory surgical centers, and other healthcare providers access Distalmotion’s advanced robotic surgery technology. This partnership offers customized lending and leasing options, making it easier for healthcare facilities to adopt state-of-the-art surgical tools.
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Distalmotion, a leader in medical technology, created the DEXTER Robotic Surgery System to increase access to robotic surgery, especially in outpatient settings where traditional soft tissue robots often lack in terms of size, operation, or cost. The company is based in Lausanne, Switzerland, with an office in Cleveland, Ohio, focusing on the U.S. market.
Greg Roche, CEO of Distalmotion, said the partnership with First Citizens allows them to meet the rising demand for DEXTER in outpatient surgery centers by offering flexible financing options. He commended First Citizens for their expertise in financing and their understanding of customers’ need for payment flexibility beyond just paying cash upfront.
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Joseph Turner, who leads strategic market development at First Citizens Bank Equipment Finance, expressed excitement about the collaboration. He noted that supporting Distalmotion’s leadership and growth in robotic surgery innovation aligns with their objectives. Todd Beaver, head of the healthcare equipment finance group at First Citizens, added that their deep industry knowledge and ability to respond quickly made it possible to create this valuable vendor program. He stressed the bank’s long-term commitment to supporting Distalmotion and its clients.
As the healthcare industry increasingly shifts toward outpatient care, First Citizens Healthcare Equipment Finance group uses its broad experience in healthcare banking and finance to serve this fast-growing sector. The group offers a range of lending and leasing products tailored for equipment manufacturers and vendors that support hospitals, healthcare systems, and ambulatory surgical centers nationwide. They also draw on their health sector expertise from Silicon Valley Bank and their extensive understanding of financing medical practices across the country to meet the specific needs of healthcare providers.
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