KKR-backed Global Medical Response has initiated a potential US IPO that could raise $1bn, with JPMorgan Chase and Bank of America leading the capital markets effort. The emergency medical services provider, formed through KKR's $2.09bn 2015 acquisition of Air Medical Group and a $2.4bn 2017 purchase of American Medical Response, serves 5.5 million patients annually across 62% of the US.

Recent financial maneuvers include a $5.4bn refinancing completed in 2023. This move aligns with private equity's strategic shift toward public markets after years of subdued IPO activity.