Place all of the sauce ingredients in a medium saucepan with 1/4 cup water. Bring to a boil, reduce heat, and simmer until thickened and the peaches begin to soften and break apart a bit- about 8 minutes. Remove from heat and set aside.
Remove the pork from the package and scrape off a good amount of the bacon bits. Slice into medallions. Heat a large nonstick skillet, spray with nonstick spray and saute the medallions until golden on one side- 3 to 4 minutes. Turn over and cook the other side- about 3 minutes.
Serve pork medallions with peach sauce.
You may substitute a regular pork loin or pork tenderloin to be served with the peach sauce.