As of the fourth quarter of 2023, Princeton Transitional Care and Assisted Living was owned by Blue Ridge Medical Management Corporation and SHC LP Holdings III, LLC, according to Centers for Medicare and Medicaid Services (CMS).
Princeton Transitional Care and Assisted Living is registered as a for-profit facility.
During that period, the nursing home boasted an overall rating of five from the CMS, which is higher than the average of 2.6 recorded for nursing homes in Tennessee. CMS ratings evaluate nursing homes based on critical aspects such as health inspection outcomes, staffing levels, and the quality of care provided to residents.
According to the data, Princeton Transitional Care and Assisted Living aided an average of 42.4 residents per day during the fourth quarter of 2023, with a total of 47 beds available. Currently, the nursing home is not located within a hospital.
As of the fourth quarter of 2023, Princeton Transitional Care and Assisted Living achieved a zero-incident record for fines and penalties.
In total, there were eight for-profit nursing homes in Washington County, Tennessee.
According to US Census data, in 2020, nearly 1 in 6 Americans were aged 65 years or older. Since 1920, the older population skyrocketed from 4.9 million to 55.8 million, reflecting a growth rate of roughly 1,000%, five times higher than the average growth for the overall U.S. population.
A 2021 study suggests that nearly half of this age group, roughly 28 million individuals, may require long-term services and support. Additionally, the study projects that over a third of them may eventually need nursing home care.
“Living a long life is something that many of us want and could get,” said Jesse Slome, executive director of the American Association for Long-Term Care Insurance, an insurance education group. “But when we live a long life, the chances of us needing long-term care increase exponentially. But when you need that type of care, there are limited options.”
| Nursing Home | Owner | Ownership Type | Overall Rating | Avg. No. of Residents per day |
|---|---|---|---|---|
| Abundant Christian Living Community Rehabilitation | Jimmy Lewis | For profit – Limited Liability company | 2 | 89.1 |
| Agape Rehabilitation and Nursing Center, a Waters CM | A&F Realty, LLC, Michael Blisko, and Gubin Enterprises Limited Partnership | For profit – Limited Liability company | 1 | 65.1 |
| Four Oaks Health Care Center | MFI Healthcare TN II, LLC | For profit – Individual | 2 | 47.2 |
| Lakebridge, a Waters Community, LLC | Michael Blisko and Gubin Enterprises Limited Partnership | For profit – Individual | 3 | 100.6 |
| Life Care Center of Gray | Gaye Harris, Forrest Preston, and Richard Swanker | For profit – Corporation | 2 | 69.2 |
| NHC Healthcare, Johnson City | Nhc-Op LP | For profit – Corporation | 5 | 153.3 |
| Princeton Transitional Care and Assisted Living | Blue Ridge Medical Management Corporation and SHC LP Holdings III, LLC | For profit – Individual | 5 | 42.4 |
| The Waters of Johnson City, LLC | Michael Blisko and Gubin Enterprises Limited Partnership | For profit – Limited Liability company | 3 | 54.7 |
