Robert Van Tuyle, chairman and chief executive...

Robert Van Tuyle, chairman and chief executive of Pasadena-based Beverly Enterprises Inc., reported that the board of directors approved a program to provide the company with sufficient resources to redeem any or all of the company’s zero-coupon notes that may be put to the company on Sept. 30, 1988. “The program approved may include a combination of a sale of assets (including up to 15,000 to 20,000 long-term care beds), a sale of certain notes receivable from prior asset sales, sale and lease-back of certain assets and a mortgage loan program,” Van Tuyle said.