Velarion Records

Skilled nursing facility · CMS certification number 445356

PRINCETON TRANSITIONAL CARE & ASSISTED LIVING

JOHNSON CITY, Tennessee · Medicare

Certified beds, as filed in Care Compare: 47

Download this facility’s record (CSV)

A CSV file of this facility’s record: its name and location, its Medicare cost-report finances year by year, its ownership, its inspections, deficiencies and penalties, and the Care Compare provider information — each figure with the worksheet, line and column or file it came from.

In Care Compare’s provider information: Penalties: 0 · Fines: 0 · Fines, total amount: $0.00 · Payment denials: 0. Every penalty on file ↓

For this facility: the citable document with full history — $295 · an email when this record changes — $99/month

Finances, as filed

From this facility’s Medicare cost reports on form CMS-2540, each figure with the worksheet, line and column it was read from.

Cost report for January 1, 2024 to December 31, 2024 — a reporting period of 365 days, on form CMS-2540-10, settled, processed by CMS on February 10, 2026.

Revenue and expenses, fiscal year 2024
FigureAs filedWhere it comes from
Total patient revenue$11,480,524CMS-2540-10 worksheet G300000 line 100 column 100
Contractual allowances and discounts$4,011,683CMS-2540-10 worksheet G300000 line 200 column 100
Net patient revenue$7,468,841CMS-2540-10 worksheet G300000 line 300 column 100
Total operating expenses$8,029,581CMS-2540-10 worksheet G300000 line 400 column 100
Net income from service to patients−$560,740CMS-2540-10 worksheet G300000 line 500 column 100
Total other income$90,445CMS-2540-10 worksheet G300000 line 2500 column 100
Net income after other income−$470,295CMS-2540-10 worksheet G300000 line 2600 column 100

Net income: −$470,295 (CMS-2540-10 worksheet G300000 line 3100 column 100). As filed, net income for the period equals net income from service to patients plus total other income, less total other expenses (Worksheet G-3 lines 26 less 27 through 30) on 204,018 of the 204,018 reports filed on Form CMS-2540-10 in publication years 2011-2025 that file every line it is computed from (100%).

Beds, days and discharges, fiscal year 2024
FigureAs filedWhere it comes from
Total facility beds, all components47CMS-2540-10 worksheet S300001 line 800 column 100
Bed days available, all components17,202CMS-2540-10 worksheet S300001 line 800 column 200
Medicare (Title XVIII) patient days6,409CMS-2540-10 worksheet S300001 line 800 column 400
Other-payer patient days9,184CMS-2540-10 worksheet S300001 line 800 column 600
Total patient days, all components15,593CMS-2540-10 worksheet S300001 line 800 column 700
Medicare discharges316CMS-2540-10 worksheet S300001 line 800 column 900
Other-payer discharges603CMS-2540-10 worksheet S300001 line 800 column 1100
Total discharges, all components919CMS-2540-10 worksheet S300001 line 800 column 1200
Average length of stay, Medicare, in days20.28CMS-2540-10 worksheet S300001 line 800 column 1400
Average length of stay, all patients, in days16.97CMS-2540-10 worksheet S300001 line 800 column 1600

CMS report record 1447597, read from the public cost report file SNF10FY2024.zip.

Fiscal year 2023, ended December 31, 2023

Cost report for January 1, 2023 to December 31, 2023 — a reporting period of 364 days, on form CMS-2540-10, settled, processed by CMS on February 14, 2025.

Revenue and expenses, fiscal year 2023
FigureAs filedWhere it comes from
Total patient revenue$11,917,612CMS-2540-10 worksheet G300000 line 100 column 100
Contractual allowances and discounts$4,667,856CMS-2540-10 worksheet G300000 line 200 column 100
Net patient revenue$7,249,756CMS-2540-10 worksheet G300000 line 300 column 100
Total operating expenses$7,507,443CMS-2540-10 worksheet G300000 line 400 column 100
Net income from service to patients−$257,687CMS-2540-10 worksheet G300000 line 500 column 100
Total other income$17,982CMS-2540-10 worksheet G300000 line 2500 column 100
Net income after other income−$239,705CMS-2540-10 worksheet G300000 line 2600 column 100

Net income: −$239,705 (CMS-2540-10 worksheet G300000 line 3100 column 100). As filed, net income for the period equals net income from service to patients plus total other income, less total other expenses (Worksheet G-3 lines 26 less 27 through 30) on 204,018 of the 204,018 reports filed on Form CMS-2540-10 in publication years 2011-2025 that file every line it is computed from (100%).

Beds, days and discharges, fiscal year 2023
FigureAs filedWhere it comes from
Total facility beds, all components47CMS-2540-10 worksheet S300001 line 800 column 100
Total patient days, all components15,646CMS-2540-10 worksheet S300001 line 800 column 700
Total discharges, all components947CMS-2540-10 worksheet S300001 line 800 column 1200
Average length of stay, Medicare, in days21.06CMS-2540-10 worksheet S300001 line 800 column 1400
Average length of stay, all patients, in days16.52CMS-2540-10 worksheet S300001 line 800 column 1600

CMS report record 1403711, read from the public cost report file SNF10FY2023.zip.

Fiscal year 2022, ended December 31, 2022

Cost report for January 1, 2022 to December 31, 2022 — a reporting period of 364 days, on form CMS-2540-10, settled, processed by CMS on August 24, 2023.

Revenue and expenses, fiscal year 2022
FigureAs filedWhere it comes from
Total patient revenue$10,410,396CMS-2540-10 worksheet G300000 line 100 column 100
Contractual allowances and discounts$4,241,687CMS-2540-10 worksheet G300000 line 200 column 100
Net patient revenue$6,168,709CMS-2540-10 worksheet G300000 line 300 column 100
Total operating expenses$6,625,467CMS-2540-10 worksheet G300000 line 400 column 100
Net income from service to patients−$456,758CMS-2540-10 worksheet G300000 line 500 column 100
Total other income$13,190CMS-2540-10 worksheet G300000 line 2500 column 100
Net income after other income−$443,568CMS-2540-10 worksheet G300000 line 2600 column 100

Net income: −$443,568 (CMS-2540-10 worksheet G300000 line 3100 column 100). As filed, net income for the period equals net income from service to patients plus total other income, less total other expenses (Worksheet G-3 lines 26 less 27 through 30) on 204,018 of the 204,018 reports filed on Form CMS-2540-10 in publication years 2011-2025 that file every line it is computed from (100%).

Beds, days and discharges, fiscal year 2022
FigureAs filedWhere it comes from
Total facility beds, all components47CMS-2540-10 worksheet S300001 line 800 column 100
Total patient days, all components13,802CMS-2540-10 worksheet S300001 line 800 column 700
Total discharges, all components853CMS-2540-10 worksheet S300001 line 800 column 1200
Average length of stay, Medicare, in days19.42CMS-2540-10 worksheet S300001 line 800 column 1400
Average length of stay, all patients, in days16.18CMS-2540-10 worksheet S300001 line 800 column 1600

CMS report record 1363146, read from the public cost report file SNF10FY2022.zip.

Fiscal year 2021, ended December 31, 2021

Cost report for January 1, 2021 to December 31, 2021 — a reporting period of 364 days, on form CMS-2540-10, settled, processed by CMS on January 17, 2023.

Revenue and expenses, fiscal year 2021
FigureAs filedWhere it comes from
Total patient revenue$8,282,042CMS-2540-10 worksheet G300000 line 100 column 100
Contractual allowances and discounts$3,276,406CMS-2540-10 worksheet G300000 line 200 column 100
Net patient revenue$5,005,636CMS-2540-10 worksheet G300000 line 300 column 100
Total operating expenses$5,680,380CMS-2540-10 worksheet G300000 line 400 column 100
Net income from service to patients−$674,744CMS-2540-10 worksheet G300000 line 500 column 100
Total other income$102,152CMS-2540-10 worksheet G300000 line 2500 column 100
Net income after other income−$572,592CMS-2540-10 worksheet G300000 line 2600 column 100

Net income: −$572,592 (CMS-2540-10 worksheet G300000 line 3100 column 100). As filed, net income for the period equals net income from service to patients plus total other income, less total other expenses (Worksheet G-3 lines 26 less 27 through 30) on 204,018 of the 204,018 reports filed on Form CMS-2540-10 in publication years 2011-2025 that file every line it is computed from (100%).

Beds, days and discharges, fiscal year 2021
FigureAs filedWhere it comes from
Total facility beds, all components47CMS-2540-10 worksheet S300001 line 800 column 100
Total patient days, all components11,329CMS-2540-10 worksheet S300001 line 800 column 700
Total discharges, all components670CMS-2540-10 worksheet S300001 line 800 column 1200
Average length of stay, Medicare, in days19.57CMS-2540-10 worksheet S300001 line 800 column 1400
Average length of stay, all patients, in days16.91CMS-2540-10 worksheet S300001 line 800 column 1600

CMS report record 1340170, read from the public cost report file SNF10FY2021.zip.

Fiscal year 2020, ended December 31, 2020

Cost report for January 1, 2020 to December 31, 2020 — a reporting period of 365 days, on form CMS-2540-10, settled, processed by CMS on June 10, 2021.

Revenue and expenses, fiscal year 2020
FigureAs filedWhere it comes from
Total patient revenue$8,727,654CMS-2540-10 worksheet G300000 line 100 column 100
Contractual allowances and discounts$3,996,493CMS-2540-10 worksheet G300000 line 200 column 100
Net patient revenue$4,731,161CMS-2540-10 worksheet G300000 line 300 column 100
Total operating expenses$5,628,379CMS-2540-10 worksheet G300000 line 400 column 100
Net income from service to patients−$897,218CMS-2540-10 worksheet G300000 line 500 column 100
Total other income$434,545CMS-2540-10 worksheet G300000 line 2500 column 100
Net income after other income−$462,673CMS-2540-10 worksheet G300000 line 2600 column 100

Net income: −$462,673 (CMS-2540-10 worksheet G300000 line 3100 column 100). As filed, net income for the period equals net income from service to patients plus total other income, less total other expenses (Worksheet G-3 lines 26 less 27 through 30) on 204,018 of the 204,018 reports filed on Form CMS-2540-10 in publication years 2011-2025 that file every line it is computed from (100%).

Beds, days and discharges, fiscal year 2020
FigureAs filedWhere it comes from
Total facility beds, all components47CMS-2540-10 worksheet S300001 line 800 column 100
Total patient days, all components10,461CMS-2540-10 worksheet S300001 line 800 column 700
Total discharges, all components620CMS-2540-10 worksheet S300001 line 800 column 1200
Average length of stay, Medicare, in days18.83CMS-2540-10 worksheet S300001 line 800 column 1400
Average length of stay, all patients, in days16.87CMS-2540-10 worksheet S300001 line 800 column 1600

CMS report record 1285964, read from the public cost report file SNF10FY2020.zip.

Fiscal year 2019, ended December 31, 2019

Cost report for March 1, 2019 to December 31, 2019 — a reporting period of 305 days, on form CMS-2540-10, settled, processed by CMS on August 6, 2020.

Revenue and expenses, fiscal year 2019
FigureAs filedWhere it comes from
Total patient revenue$8,516,503CMS-2540-10 worksheet G300000 line 100 column 100
Contractual allowances and discounts$3,879,127CMS-2540-10 worksheet G300000 line 200 column 100
Net patient revenue$4,637,376CMS-2540-10 worksheet G300000 line 300 column 100
Total operating expenses$5,197,881CMS-2540-10 worksheet G300000 line 400 column 100
Net income from service to patients−$560,505CMS-2540-10 worksheet G300000 line 500 column 100
Total other income$552CMS-2540-10 worksheet G300000 line 2500 column 100
Net income after other income−$559,953CMS-2540-10 worksheet G300000 line 2600 column 100

Net income: −$559,953 (CMS-2540-10 worksheet G300000 line 3100 column 100). As filed, net income for the period equals net income from service to patients plus total other income, less total other expenses (Worksheet G-3 lines 26 less 27 through 30) on 204,018 of the 204,018 reports filed on Form CMS-2540-10 in publication years 2011-2025 that file every line it is computed from (100%).

Beds, days and discharges, fiscal year 2019
FigureAs filedWhere it comes from
Total facility beds, all components47CMS-2540-10 worksheet S300001 line 800 column 100
Total patient days, all components10,607CMS-2540-10 worksheet S300001 line 800 column 700
Total discharges, all components595CMS-2540-10 worksheet S300001 line 800 column 1200
Average length of stay, Medicare, in days18.37CMS-2540-10 worksheet S300001 line 800 column 1400
Average length of stay, all patients, in days17.83CMS-2540-10 worksheet S300001 line 800 column 1600

CMS report record 1262818, read from the public cost report file SNF10FY2019.zip.

Nurse staffing

Nurse staffing hours from the Payroll-Based Journal, quarter by quarter, are on this facility’s staffing page, each quarter with the file it came from.

The staffing record →

Ownership, as filed with CMS

Care Compare

As filed in the CMS file dated September 1, 2026 (Care Compare ownership).

Owner or managerRoleTypeOwnership percentageAssociation
BLUE RIDGE MEDICAL MANAGEMENT CORPORATION5% OR GREATER DIRECT OWNERSHIP INTERESTOrganization45%since 12/03/2018
SHC LP HOLDINGS III, LLC5% OR GREATER DIRECT OWNERSHIP INTERESTOrganization56%since 07/01/2016
JJLA LLC5% OR GREATER INDIRECT OWNERSHIP INTERESTOrganizationNO PERCENTAGE PROVIDEDsince 07/01/2016
LPSNF LLC5% OR GREATER INDIRECT OWNERSHIP INTERESTOrganizationNO PERCENTAGE PROVIDEDsince 07/01/2016
SPRING HOLDINGS, LLC5% OR GREATER INDIRECT OWNERSHIP INTERESTOrganizationNO PERCENTAGE PROVIDEDsince 07/01/2016
STEIER III, ELMER5% OR GREATER INDIRECT OWNERSHIP INTERESTIndividualNO PERCENTAGE PROVIDEDsince 07/01/2016
WHEATEN LLC5% OR GREATER INDIRECT OWNERSHIP INTERESTOrganizationNO PERCENTAGE PROVIDEDsince 07/01/2016
HARRISON, JOHNCORPORATE OFFICERIndividualNOT APPLICABLEsince 01/24/2005
ALLEN, JAYSONW-2 MANAGING EMPLOYEEIndividualNOT APPLICABLEsince 04/17/2023

Medicare enrollment

As filed in the CMS file dated August 1, 2026 (Medicare enrollment ownership), under the enrollment of LP JOHNSON CITY, LLC (enrollment ID O20190402000769).

CMS paused the expanded ownership disclosure on Form CMS-855A in guidance dated December 11, 2025; where the private equity, real estate investment trust or holding company field below has not been filed under the current cycle, it reads “Paused by CMS”.

OwnerIndividual or organizationRoleOwnership percentageAssociation dateDescribed in the filing as
BLUE RIDGE MEDICAL MANAGEMENT CORPORATIONOrganization5% OR GREATER DIRECT OWNERSHIP INTEREST44.512/3/2018
Private equity company: No
Real estate investment trust: No
Holding company: No
SHC LP HOLDINGS III, LLCOrganization5% OR GREATER DIRECT OWNERSHIP INTEREST55.57/1/2016
Private equity company: No
Real estate investment trust: No
Holding company: No
ELMER JOSEPH STEIER IIIIndividual5% OR GREATER INDIRECT OWNERSHIP INTEREST20.227/1/2016
Private equity company: Paused by CMS
Real estate investment trust: Paused by CMS
Holding company: Paused by CMS
IRA SMEDRAIndividual5% OR GREATER INDIRECT OWNERSHIP INTEREST12.037/1/2016
Private equity company: Paused by CMS
Real estate investment trust: Paused by CMS
Holding company: Paused by CMS
JJLA LLCOrganization5% OR GREATER INDIRECT OWNERSHIP INTEREST20.227/1/2016
Private equity company: No
Real estate investment trust: No
Holding company: No
LPSNF LLCOrganization5% OR GREATER INDIRECT OWNERSHIP INTEREST72.97/1/2016
Private equity company: No
Real estate investment trust: No
Holding company: No
MOUNTAIN STATES HEALTH ALLIANCEOrganization5% OR GREATER INDIRECT OWNERSHIP INTEREST10012/3/2018
Private equity company: No
Real estate investment trust: No
Holding company: No
SPRING HOLDINGS, LLCOrganization5% OR GREATER INDIRECT OWNERSHIP INTEREST1007/1/2016
Private equity company: No
Real estate investment trust: No
Holding company: No
WHEATEN LLCOrganization5% OR GREATER INDIRECT OWNERSHIP INTEREST5.377/1/2016
Private equity company: No
Real estate investment trust: No
Holding company: No
JOHN H HARRISONIndividualCORPORATE OFFICER01/24/2005
Private equity company: Paused by CMS
Real estate investment trust: Paused by CMS
Holding company: Paused by CMS
SIGNATURE HEALTHCARE LLCOrganizationOTHER05/7/2018
Private equity company: No
Real estate investment trust: No
Holding company: No
JAYSON ALLENIndividualW-2 MANAGING EMPLOYEENot stated in the filing4/17/2023
Private equity company: Paused by CMS
Real estate investment trust: Paused by CMS
Holding company: Paused by CMS

Changes in ownership

Recent changes on this record

Inspections

Inspection cycleHealth inspectionFire safety inspectionHealth deficienciesFire safety deficiencies
1May 13, 2026May 13, 202620
2May 21, 2025May 21, 202511
3May 4, 2022May 4, 202200

From the Care Compare inspection summary file NH_SurveySummary_Sep2026_2.csv, processed on September 1, 2026.

Deficiencies cited

3 deficiencies on file, newest inspection first
Inspection dateInspection typeTagCategoryWhat was citedScope and severityComplaintCorrectedCorrection date
May 13, 2026HealthF 0583Resident Rights DeficienciesKeep residents' personal and medical records private and confidential.DNoDeficient, Provider has date of correctionMay 26, 2026
May 13, 2026HealthF 0761Pharmacy Service DeficienciesEnsure drugs and biologicals used in the facility are labeled in accordance with currently accepted professional principles; and all drugs and biologicals must be stored in locked compartments, separately locked, compartments for controlled drugs.DNoDeficient, Provider has date of correctionMay 25, 2026
May 21, 2025HealthF 0761Pharmacy Service DeficienciesEnsure drugs and biologicals used in the facility are labeled in accordance with currently accepted professional principles; and all drugs and biologicals must be stored in locked compartments, separately locked, compartments for controlled drugs.DNoDeficient, Provider has date of correctionMay 31, 2025

From the Care Compare health citations file NH_HealthCitations_Sep2026_2.csv, processed on September 1, 2026.

Penalties

No penalty on file for this facility in CMS’s Care Compare penalties data.

Care Compare provider information

FieldAs filed
Provider TypeMedicare
Ownership TypeFor profit - Corporation
Legal Business NameLP JOHNSON CITY, LLC
Date First Approved to Provide Medicare and Medicaid Services1995-08-25
Provider Resides in HospitalN
Continuing Care Retirement CommunityN
UrbanY
County/ParishWashington
Telephone Number4239751800
Chain NameSIGNATURE HEALTHCARE
Chain ID474
Provider Changed Ownership in Last 12 MonthsN
With a Resident and Family CouncilNone
Automatic Sprinkler Systems in All Required AreasYes
Number of Certified Beds47
Average Number of Residents per Day42.8
Overall Rating5
Health Inspection Rating5
QM Rating4
Short-Stay QM Rating4
Processing Date2026-09-01

From the Care Compare Provider Information file NH_ProviderInfo_Sep2026_3.csv, processed on September 1, 2026.

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This page shows the record as it stands today. The report is the citable document: the same figures with the cell each came from, and beyond this page — five facilities of a similar size in Tennessee at the same fiscal year, listed by name; every change on the record rather than the recent ones below; the inspection and staffing history in blocks of their own; and a citation block naming every CMS file it was read from.

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