Switzerland-based MedTech company Distalmotion and US-based First Citizens Bank's Healthcare Equipment Finance group have launched 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, the companies said.

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 US offices in Cleveland, Ohio.

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 US.

First 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 range 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 US financial institution with more than USD 200bn in assets and a member of the Fortune 500.