GMR Solutions Inc., a Texas‑based emergency medical services provider, has set its initial public offering price at $22 to $25 per share, targeting roughly 32 million shares. The company will list on the New York Stock Exchange under the ticker GMRS.

Backed by KKR, Ares Management and HPS Investment Partners, GMR plans to use the net proceeds to redeem Series B preferred shares and reduce debt. The move signals a strategic shift toward liquidity and capital structure simplification.

By offering shares priced at the upper end of the range, GMR aims to attract institutional investors who value its rural and urban service footprint. The IPO proceeds will support expansion plans while also providing an exit route for early investors.

The pricing decision reflects the firm’s confidence in its growth prospects and positions it to compete with larger EMS players on the NYSE stage.