FGI Finance, a division of FGI Worldwide, a global company in commercial finance, has provided a $150 million asset‑based facility to Concordance Healthcare Solutions, a provider of supply chain, logistics and technology solutions supporting the entire care continuum, from hospitals and health systems, to surgery centers, clinics and government agencies.
As Concordance accelerates its strategic growth plan, it sought a financing partner capable of delivering a flexible, scalable solution. FGI led the transaction and partnered with CIT Northbridge as a co‑lender to structure a facility designed to strengthen Concordance’s purchasing power, enhance liquidity and support continued nationwide expansion.
“In today’s dynamic healthcare environment, staying ahead requires innovation, agility and an unwavering commitment to those we serve,” Lisa Hohman, CEO of Concordance, said. “This new facility reflects FGI and CIT Northbridge’s confidence in our mission and provides the financial strength needed to support our growth and expand the positive impact we make across the care continuum.”
Bryan Rozum, managing director at FGI Finance, said, “Concordance is built on more than 175 years of combined industry expertise and has grown into a premier partner for healthcare supply chain resiliency. We are excited to support Concordance as they continue to deliver cost-saving supply chain programs and critical clinical solutions that empower providers and improve patient outcomes.”
