CCN 445356 · Washington County, Tennessee
Princeton Transitional Care & Assisted Living
401 Princeton Road, Johnson City, TN 37601
Princeton Transitional Care & Assisted Living is a 47-bed for-profit nursing home in Johnson City, Tennessee, first certified for Medicare or Medicaid in 1995. CMS rates it 5 out of 5 stars overall in its September 2026 data, and it averaged 42.8 residents a day, about 91% of its certified beds. We found no FHA-insured Section 232 loan for it in HUD's healthcare endorsement database (fiscal 2001 onward).
Facility facts
- Certified beds
- 47
- Average residents per day
- 42.8 (91.1% of beds)
- Ownership type
- For profit - Corporation
- Certification
- Medicare
- Legal business name
- LP Johnson City, LLC
- Certified since
- Aug 25, 1995
- Chain or affiliated group
- Signature Healthcare (67 facilities, chain average 3.1 stars)
- Location
- Urban
Ratings and staffing
Star ratings run from 1 to 5. Staffing is nurse hours per resident per day from CMS Payroll Based Journal data; turnover is the CMS annual nursing staff turnover rate. Occupancy is CMS's average daily census divided by certified beds.
| Measure | This facility | Tennessee median | US median |
|---|---|---|---|
| Overall rating | 5 of 5 | State spread: 58 at 1, 53 at 2, 65 at 3, 68 at 4, 56 at 5 | |
| Health inspections | 5 of 5 | ||
| Quality measures | 4 of 5 | ||
| Staffing | 4 of 5 | ||
| Total nurse hours per resident per day | 4.79 | 3.64 | 3.68 |
| RN hours per resident per day | 2.06 | 0.54 | 0.58 |
| Weekend nurse hours per resident per day | 3.67 | ||
| Nursing staff turnover | 52.2% | 50.0% | 44.9% |
| Occupancy (residents / beds) | 91.1% | 77.7% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 2 (May 13, 2026) | ||
HUD 223(f) Express Lane: the CMS part
HUD gives 223(f) applications queue priority when the facility has CMS overall and health inspection ratings of at least 2 stars and no abuse icon, among other tests (ORCF criteria of March 31, 2026). Princeton Transitional Care & Assisted Living meets that part today: 5 stars overall, 5 on health inspections, no abuse icon. The loan-to-value, coverage and operator tests depend on the deal. All the criteria.
Who owns and operates it
These are the owners and operators the facility reported to CMS: anyone with a 5% or greater direct or indirect stake, and any organization with operational or managerial control.
| Name | Role | Share | Since |
|---|---|---|---|
| Blue Ridge Medical Management CorporationOrganization | Direct Ownership Interest | 45% | 12/03/2018 |
| Shc LP Holdings III, LLCOrganization | Direct Ownership Interest | 56% | 07/01/2016 |
| Jjla LLCOrganization | Indirect Ownership Interest | n/a | 07/01/2016 |
| Lpsnf LLCOrganization | Indirect Ownership Interest | n/a | 07/01/2016 |
| Spring Holdings, LLCOrganization | Indirect Ownership Interest | n/a | 07/01/2016 |
| Wheaten LLCOrganization | Indirect Ownership Interest | n/a | 07/01/2016 |
| Steier III, ElmerIndividual | Indirect Ownership Interest | n/a | 07/01/2016 |
Changes of ownership
| Effective | Buyer | Seller |
|---|---|---|
| Mar 1, 2019 | LP Johnson City, LLC | Mountain States Health Alliance |
HUD Section 232 loans
No FHA-insured loan matching this facility appears in HUD's database of healthcare endorsements, which covers fiscal 2001 onward (HUD data run of July 8, 2026). A loan could still exist under a different project name or from before 2001.
Sources and dates
Facility, rating, staffing and ownership data: CMS Provider Information and CMS Ownership, processing date September 2026. Private equity, REIT and mortgage-interest flags and changes of ownership: CMS Skilled Nursing Facility All Owners and Change of Ownership files (2026-10-01). FHA-insured loans: HUD Office of Healthcare Programs endorsement database, data run July 8, 2026. How we join them, and what the join can get wrong: methodology.
SNF Register is independent. It is not affiliated with or endorsed by CMS, HUD or FHA. Spotted an error? Write to hello@hudskillednursing.loan.