KKR-Backed Global Medical Response Said to Pick Banks for US IPO

Global Medical Response has selected banks for an initial public offering, according to people familiar with the matter, as the KKR & Co.-backed air and ground emergency medical services company joins a growing list of firms seeking to tap investors.

Lewisville, Texas-based GMR has picked JPMorgan Chase & Co. and Bank of America Corp. to work alongside KKR’s capital markets desk on the IPO, the people said, asking not to be identified as the matter is private. The share sale could raise about $1 billion, the people said.