Global Medical Response selects underwriters for $1 billion U.S. IPO

2026-02-23 23:21:20

Investing.com – According to Bloomberg, citing sources familiar with the matter, Global Medical Response has selected underwriters for its initial public offering, which is expected to raise approximately $1 billion.

The air and ground emergency medical services company, headquartered in Lewisville, Texas, and supported by KKR & Co., has chosen JPMorgan Chase and Bank of America to co-lead the IPO alongside KKR’s capital markets division, sources said.

Sources added that the company is also working with Barclays and Goldman Sachs on the offering.

KKR acquired helicopter ambulance company Air Medical Group Holdings Inc. for $2.09 billion from Bain Capital in 2015. The New York-based company was subsequently merged with the former after it acquired transportation company American Medical Response from Envision Healthcare Corp. for $2.4 billion in cash in 2017.

Sources said discussions are ongoing and details may change. More banks may join the underwriting team.

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