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Distalmotion and First Citizens Bank Join Forces to Launch New Financing Program for the Robotic Surgery Pioneer's U.S. Customers

1. First Citizens Bank launches financing program for Distalmotion's robotic surgery technology. 2. The collaboration aims to enhance access to outpatient robotic surgery. 3. Flexibility in financing options is a key focus for healthcare providers. 4. First Citizens Bank leverages experience in medical device financing. 5. This initiative supports growth in the outpatient surgery market.

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FAQ

Why Bullish?

The partnership with Distalmotion signals strong growth potential in healthcare finance. Historical collaborations in MedTech have often led to increased growth and market share for banks involved.

How important is it?

This financing program highlights FCNCA's strategic positioning in a growing healthcare market, enhancing investor confidence.

Why Short Term?

Initial demand for robotic surgery financing could quickly translate into revenue for FCNCA. Past expansions in similar markets have seen swift financial benefits.

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, /PRNewswire/ -- Distalmotion and First Citizens Bank's Healthcare Equipment Finance group today announced a new financing program designed to provide hospitals, ambulatory surgical centers and other healthcare providers with lending and leasing solutions for Distalmotion's advanced robotic surgery technology. A leader in MedTech innovation, Distalmotion created the DEXTER® Robotic Surgery System to provide the benefits of robotic surgery to more patients in outpatient sites, where traditional soft tissue robots do not meet their physical, operational, or financial needs. The company is headquartered in Lausanne, Switzerland, with U.S. offices in Cleveland, Ohio. "Working together enables us to meet demand for DEXTER® in the unique outpatient surgery market by providing our customers with flexible financing options," Distalmotion CEO Greg Roche said. "First Citizens' financing expertise and understanding of our customers' desire to seek flexibility beyond cash made them the right choice for us and our customers." "We are thrilled to collaborate with Distalmotion by providing financing solutions that support their growth and continued leadership in robotic surgery innovation," said Joseph Turner, who leads strategic market development at First Citizens Bank Equipment Finance. "We were pleased to leverage our expertise, agility and industry knowledge in the healthcare sector to support this important vendor program," said Todd Beaver, who leads the healthcare equipment finance group at First Citizens. "We recognize the value of Distalmotion's innovative technology and look forward to a long and successful relationship supporting our client and their customers." As the healthcare industry increasingly shifts to an outpatient delivery model, the Healthcare Equipment Finance group draws from its strong history in healthcare banking and financing to serve this fast-moving sector. First Citizens Healthcare Equipment Finance group provides an array of lending and leasing solutions to equipment manufacturers and vendors who support hospitals, healthcare systems and ambulatory surgical centers nationwide. To do so, First Citizens leverages a wealth of health sector expertise, including its long experience working with medical device firms through its Silicon Valley Bank division and its broad familiarity with financing medical practices and healthcare companies across the U.S. About First Citizens BankFirst Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 500 branches and offices in 30 states; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500™. Discover more at firstcitizens.com. MEDIA RELATIONS:John M. Moran212-461-5507[email protected] SOURCE First Citizens Bank WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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