A Medical Device Daily

Refac Optical Group (Fort Lee, New Jersey) reported that ROG Acquisition, an affiliate of Palisade Concentrated Equity Partnership and holder of about 91.4% of Refac's common stock, has filed a certificate of ownership and merger with the Secretary of the State of Delaware, effective last Thursday, thereby completing its merger and making Refac a private company. Palisade and the other stockholders of ROG previously disclosed their intentions to take the company private in February.

ROG merged with and into Refac, and the stockholders of Refac (other than the stockholders of ROG) now have the right to receive $6 cash per share in exchange for their shares of Refac common stock.

As a result of the merger, Refac will file a Form 15 with the Securities and Exchange Commission today to suspend and subsequently terminate its reporting obligations and status as a public company. The company's common stock ceased trading on the American Stock Exchange on Thursday.

Refac Optical bills itself as the sixth largest retail optical chain in the U.S., operatinig 517 retail locations in 47 states and Canada,

Ventas (Louisville, Kentucky) has completed its previously disclosed acquisition of Sunrise Senior Living Real Estate Investment Trust (Toronto) for C$1.2 billion in cash and the assumption of all outstanding debt, valuing the total transaction at about C$2.26 billion ($1.96 billion).

All of the issued and outstanding units of Sunrise REIT will be redeemed at C$16.50 per unit.

"The acquisition of Sunrise REIT, with its 77 high quality private pay senior housing communities, is a major milestone for Ventas and we are pleased to have successfully completed the transaction," said Debra Cafaro, president/CEO and chairman of Ventas. "We are now focused on integrating Sunrise REIT's attractive communities into our existing portfolio of high quality, productive assets."

Merrill Lynch & Co. acted as Ventas' exclusive financial advisor. Wachtell, Lipton, Rosen & Katz and Osler, Hoskin & Harcourt acted as legal advisors to Ventas. TD Securities acted as Sunrise's exclusive financial advisor. Stikeman Elliott acted as legal advisors to Sunrise.

Ventas is a healthcare real estate investment trust with a portfolio of 532 seniors housing and healthcare-related properties in 43 states and two Canadian provinces.

Sunrise was formed to indirectly acquire, own and invest in senior living communities in major metropolitan markets and their surrounding suburban areas in Canada and the U.S. Sunrise owned 77 senior living communities, 11 in Canada and 66 in the U.S. which were sold to Ventas.