Emergency medical services provider GMR Solutions has raised $478.7 million in its U.S. initial public offering, the company said, after selling 31.9 million shares at $15 apiece. The Lewisville, Texas-based company, known as Global Medical Response, has secured a valuation of roughly $3.35 billion. GMR Solutions had lowered its expectations after initially targeting up to $797.9 million through a proposed price range of $22 to $25 apiece. GMR is a U.S.-based emergency medical services provider offering air and ground ambulance transport, mobile healthcare and disaster response services, with operations spanning urban and rural communities nationwide.
Read the full article: KKR-Backed Ambulance Giant GMR Solutions Raises $479M in US IPO //
Source: https://finance.yahoo.com/news/kkr-backed-ambulance-giant-gmr-010456073.html