OrthoIT³ LLC, a firm that focuses on minimizing trauma to patients suffering from low back pain while restoring function, has been acquired by Global-Med Technologies Group Inc. (GTG). The two firms have been discussions about an acquisition for the past year. As part of the deal, GTG will provide complete development and acquire FDA approval for the ReSumo Soft Disc System. The device is intended for minimally invasive spinal nonfusion disc replacement. GTG plans on developing the technology through its R&D subsidiary, Mosaic Medical Technology Inc., and then will assign the system to Spinal Vu Inc., a wholly-owned subsidiary. 

GTG is a research-based private equity group that focuses on the orthopaedic and musculoskeletal device industry. It targets minimally invasive devices within product lines that include spinal devices, implants, and instruments for repairing and reconstructing bones, joints, and surrounding soft tissues.