RTS signs vendor financing agreement with MAKO Surgical

Sep 10 2009

Relational Technology Solutions (RTS), the fifth largest independent finance company in the U.S., today announced that it has entered into a vendor financing agreement with MAKO Surgical Corp. (NASDAQ:MAKO), a medical device company that markets its surgeon-interactive robotic arm system, and proprietary implants, for a minimally invasive orthopedic knee procedure called MAKOplasty^®. Under the arrangement, hospitals will be able to fund equipment purchases of MAKO’s RIO^® robotic arm system through monthly operating lease payments through RTS.

“This agreement with RTS will provide our customers, ranging from critical access hospitals in rural communities to multi-site facilities located in major metropolitan areas, with expanded financing options critical in today’s economic climate,” said Steve J. Nunes, senior vice president of Sales and Marketing at MAKO Surgical Corp.

“MAKO’s solutions not only improve patient care, but also help hospitals and doctors grow their services and attract more patients,” said Daniel Krajewski, vice president of Vendor Financial Services at RTS. “We look forward to providing healthcare organizations with the ability to fund acquisitions of the RIO^® system through a variety of lease arrangements, which will allow them to match revenue growth with new technology costs.”