GHO Capital and CBC Group announced a planned merger that would create a dedicated healthcare investment firm with combined assets under management of about $21 billion. The firms said the combined platform is intended to be the largest dedicated healthcare investor, reflecting consolidation among specialist managers. GHO reported $10.5 billion in assets under management, while CBC had $10.8 billion, aligning the deal with growing demand for healthcare-focused capital. The transaction is likely to influence how later-stage biotech and medtech deals are financed and tracked across geographies. For biotech stakeholders, the new scale could translate into stronger underwriting capacity for portfolio follow-ons, co-investments, and cross-border partnerships.