Pasadena-based Beverly Enterprises Inc. announced that it...

Pasadena-based Beverly Enterprises Inc. announced that it has signed two major financing transactions. The first covers an agreement for a pool of mortgages on about 75 centers in 17 states, with a mortgage lender. The mortgage pool is expected to yield net cash to Beverly in excess of $120 million. The second transaction is a sale and leaseback of 26 long-term care centers and one congregate living center. The facilities are in seven states. The transaction is estimated to yield net cash to Beverly of about $35 million.