PNC Bank closed a $200 million asset-based revolving credit facility for Concordance Healthcare Solutions, a healthcare distributor based in Tiffin, OH.

PNC Capital Markets acted as joint lead arranger on the syndication of the loan; PNC Bank is the administrative agent. The funds will be used to finance the merger of Seneca Medical, Midwest Medical Supply and Kreisers and to refinance existing debt.

Concordance, an independent, regional healthcare distributor, finalized the merger in March 2016. The company offers products, equipment and supply chain solutions to the entire healthcare continuum.