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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ______)*
Paracelsus Healthcare Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
698891-10-8
-----------------------------------
(CUSIP Number)
September 2, 1999
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting persons'
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 29 pages
<PAGE>
CUSIP No. 698891-10-8
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Olympus Executive Fund, L.P.
I.R.S. #06-1440917
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
State of Delaware
- --------------------------------------------------------------------------------
5. Sole Voting Power
None
--------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 15,978
Owned by --------------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting
Person None
With: --------------------------------------------------------------
8. Shared Dispositive Power
15,978
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by each Reporting Person
15,978
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by amount in Row (11)
0.0% but 5.8% if considered together with Olympus Private Placement
Fund, L.P.
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
Page 2 of 29 pages
<PAGE>
CUSIP No. 698891-10-8
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
OEF, L.P.
I.R.S. #06-1440918
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
State of Delaware
- --------------------------------------------------------------------------------
5. Sole Voting Power
None
--------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 15,978
Owned by --------------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting
Person None
With: --------------------------------------------------------------
8. Shared Dispositive Power
15,978
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by each Reporting Person
15,978
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by amount in Row (11)
0.0% but 5.8% if considered together with Olympus Private Placement
Fund, L.P.
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
Page 3 of 29 pages
<PAGE>
CUSIP No. 698891-10-8
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
RSM Corporation
I.R.S. #06-1405789
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
State of Delaware
- --------------------------------------------------------------------------------
5. Sole Voting Power
None
--------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 15,978
Owned by --------------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting
Person None
With: --------------------------------------------------------------
8. Shared Dispositive Power
15,978
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by each Reporting Person
15,978
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by amount in Row (11)
0.0% but 5.8% if considered together with Olympus Private Placement
Fund, L.P.
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
Page 4 of 29 pages
<PAGE>
CUSIP No. 698891-10-8
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Conroy Corporation
I.R.S. #06-1405788
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
State of Delaware
- --------------------------------------------------------------------------------
5. Sole Voting Power
None
--------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 15,978
Owned by --------------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting
Person None
With: --------------------------------------------------------------
8. Shared Dispositive Power
15,978
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by each Reporting Person
15,978
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by amount in Row (11)
0.0% but 5.8% if considered together with Olympus Private Placement
Fund, L.P.
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
Page 5 of 29 pages
<PAGE>
CUSIP No. 698891-10-8
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LJM Corporation
I.R.S. #06-1405792
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
State of Delaware
- --------------------------------------------------------------------------------
5. Sole Voting Power
None
--------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 15,978
Owned by --------------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting
Person None
With: --------------------------------------------------------------
8. Shared Dispositive Power
15,978
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by each Reporting Person
15,978
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by amount in Row (11)
0.0% but 5.8% if considered together with Olympus Private Placement
Fund, L.P.
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
Page 6 of 29 pages
<PAGE>
CUSIP No. 698891-10-8
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Olympus Private Placement Fund, L.P.
I.R.S. #06-1440917
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
State of Delaware
- --------------------------------------------------------------------------------
5. Sole Voting Power
None
--------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 3,319,261
Owned by --------------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting
Person None
With: --------------------------------------------------------------
8. Shared Dispositive Power
3,319,261
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by each Reporting Person
3,319,261
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by amount in Row (11)
5.8%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
Page 7 of 29 pages
<PAGE>
CUSIP No. 698891-10-8
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
OGP Partners, L.P.
I.R.S. #06-1287592
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
State of Delaware
- --------------------------------------------------------------------------------
5. Sole Voting Power
None
--------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 3,319,261
Owned by --------------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting
Person None
With: --------------------------------------------------------------
8. Shared Dispositive Power
3,319,261
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by each Reporting Person
3,319,261
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by amount in Row (11)
5.8%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------------
Page 8 of 29 pages
<PAGE>
CUSIP No. 698891-10-8
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Robert S. Morris
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
US Citizen
- --------------------------------------------------------------------------------
5. Sole Voting Power
None
--------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 3,335,239
Owned by --------------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting
Person None
With: --------------------------------------------------------------
8. Shared Dispositive Power
3,335,239
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by each Reporting Person
3,335,239
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by amount in Row (11)
5.8%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
Page 9 of 29 pages
<PAGE>
CUSIP No. 698891-10-8
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
James A. Conroy
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
US Citizen
- --------------------------------------------------------------------------------
5. Sole Voting Power
None
--------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 3,335,239
Owned by --------------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting
Person None
With: --------------------------------------------------------------
8. Shared Dispositive Power
3,335,239
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by each Reporting Person
3,335,239
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by amount in Row (11)
5.8%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
Page 10 of 29 pages
<PAGE>
CUSIP No. 698891-10-8
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Louis J. Mischianti
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
US Citizen
- --------------------------------------------------------------------------------
5. Sole Voting Power
None
--------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 15,978
Owned by --------------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting
Person None
With: --------------------------------------------------------------
8. Shared Dispositive Power
15,978
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by each Reporting Person
15,978
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by amount in Row (11)
0.0% but 5.8% if considered together with Olympus Private Placement
Fund, L.P.
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
Page 11 of 29 pages
<PAGE>
CUSIP No. 698891-10-8
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Odyssey Zeus, Inc.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
US Citizen
- --------------------------------------------------------------------------------
5. Sole Voting Power
None
--------------------------------------------------------------
Number of 6. Shared Voting Power
Shares
Beneficially 3,319,261
Owned by --------------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting
Person None
With: --------------------------------------------------------------
8. Shared Dispositive Power
3,319,261
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by each Reporting Person
3,319,261
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11. Percent of Class Represented by amount in Row (11)
5.8%
- --------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
Page 12 of 29 pages
<PAGE>
INTRODUCTORY NOTE: This Statement on Schedule 13G is the initial filing on
Schedule 13G by the Reporting Persons (as defined below) pursuant to Rule
13d-1(c) (the "Schedule 13G"). The Schedule 13G is filed by Olympus Private
Placement Fund, L.P., a Delaware limited partnership ("OPPF"), the general
partner of OPPF, OGP Partners, L.P., a Delaware limited partnership ("OGP"), a
non-voting general partner of OGP, Odyssey Zeus, Inc., a Delaware corporation
("Odyssey"), Olympus Executive Fund, L.P., a Delaware limited partnership
("Olympus Executive"), the general partner of Olympus Executive, OEF, L.P., a
Delaware limited partnership ("OEF"), RSM Corporation, a Delaware corporation
("RSM"), Conroy Corporation, a Delaware corporation ("Conroy') and LJM
Corporation, a Delaware corporation ("LJM"), and individuals, Robert S. Morris,
the President of RSM and general partner of OGP ("Morris"), James A. Conroy, the
President of Conroy and general partner of OGP ("JAConroy") and Louis J.
Mischianti, the President of LJM (Mischianti") (collectively, the "Reporting
Persons").
Item 1(a) Name of Issuer
Paracelsus Healthcare Corporation
Item 1(b) Address of Issuer's Principal Executive Office
515 W. Greens Road, Suite 800 , Houston, TX 77067
Item 2(a) Name of Person Filing
Olympus Private Placement Fund, L.P.
OGP Partners, L.P.
Odyssey Zeus, Inc.
Olympus Executive Fund, L.P.
OEF, L.P.
RSM Corporation
Conroy Corporation
LJM Corporation
Robert S. Morris
James A. Conroy
Louis J. Mischianti
Item 2(b) Address of Principal Business Office
Address of principal business office of each Reporting Person is:
c/o Olympus Partners, Metro Center, One Station Place, Stamford,
Connecticut 06902
Item 2(c) Citizenship
OPPF, OGP, Olympus Executive, and OEF are Delaware limited
Partnerships; Odyssey, RSM, Conroy, and LJM are Delaware
Page 13 of 29 pages
<PAGE>
corporations; and Morris, JAConroy, and Mischianti are citizens of
the United States.
Item 2(d) Title of Class of Securities
Common Stock
Item 2(e) CUSIP Number
698891-10-8
Item 3 If this statement is filed pursuant to Rules 13d-1(b) or 13-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker of Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act of 1940
(e) [ ] An Investment Adviser in accordance with 13-1(b)(1)(ii)(E)
(f) [ ] An Employee Benefit Plan or Endowment Fund in accordance
with 13d-1(b)(1)(ii)(F)
(g) [ ] A Parent Holding Company or Control Person in accordance
with 13d-1(b)(1)(ii)(G)
(h) [ ] A Savings Association as defined in Section 3(b) of the
Federal Deposit Insurance Act
(i) [ ] A Church Plan that is excluded from the definition of an
Investment Company under Section 3(c)(14) of the Investment
Company Act of 1940
(j) [ ] Group, in accordance with 13d-1(b)(1)(ii)(J)
Item 4 Ownership
As of September 2, 1999, OPPF had the beneficial ownership of
3,319,261 shares of Common Stock of the Issuer representing 5.8% of the total
outstanding shares of Common Stock, and Olympus Executive had the beneficial
ownership of 15,978 shares of Common Stock of the Issuer representing 0.0% of
the total outstanding shares
Page 14 of 29 pages
<PAGE>
of Common Stock. In aggregate, OPPF and Olympus Executive had the beneficial
ownership of 3,335,239 shares of Common Stock of the Issuer representing 5.8% of
the total outstanding shares of Common Stock. OGP, as the general partner of
OPPF, Odyssey, as a non-voting general partner of OGP, and Morris and JAConroy,
as general partners of OGP, have shared voting power and dispositive power over
the shares held by OPPF and may be deemed to be the beneficial owners of these
shares. OEF, as the general partner of Olympus Executive, RSM, Conroy, and LJM,
as general partners of OEF, and Morris, JAConroy, and Mischianti, as Presidents
of RSM, Conroy, and LJM, respectively, have shared voting and dispositive power
over the shares held by Olympus Executive and may be deemed to be the beneficial
owners of these shares.
Item 5 Ownership of Five Percent or Less of a Class
Not applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person
Not applicable
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company
Not applicable
Item 8 Identification and Classification of Members of the Group
Not applicable
Item 9 Notice of Dissolution of Group
Not applicable
Item 10 Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
Page 15 of 29 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: September 17, 1999
OLYMPUS EXECUTIVE FUND, L.P.
By: OEF, L.P., its General Partner
By: RSM Corporation, its Managing
General Partner
By: /s/ Robert S. Morris
-------------------------------
Name: Robert S. Morris
Title: President
Page 16 of 29 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: September 17, 1999
OEF, L.P.
By: RSM Corporation, its Managing
General Partner
By: /s/ Robert S. Morris
------------------------------
Name: Robert S. Morris
Title: President
Page 17 of 29 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: September 17, 1999
RSM CORPORATION
By: /s/ Robert S. Morris
--------------------------------
Name: Robert S. Morris
Title: President
Page 18 of 29 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: September 17, 1999
CONROY CORPORATION
By: /s/ James A. Conroy
-----------------------------
Name: James A. Conroy
Title: President
Page 19 of 29 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: September 17, 1999
LJM CORPORATION
By: /s/ Louis J. Mischianti
--------------------------------
Name: Louis J. Mischianti
Title: President
Page 20 of 29 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: September 17, 1999
OLYMPUS PRIVATE PLACEMENT
FUND, L.P.
By: OGP Partners, L.P., its General
Partner
By: /s/ Robert S. Morris
--------------------------------
Name: Robert S. Morris
Title: General Partner
Page 21 of 29 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: September 17, 1999
OGP PARTNERS, L.P.
By: /s/ Robert S. Morris
------------------------------
Name: Robert S. Morris
Title: General Partner
Page 22 of 29 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: September 17, 1999
/s/ Robert S. Morris
------------------------------
Robert S. Morris
Page 23 of 29 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: September 17, 1999
/s/ James A. Conroy
-----------------------------
James A. Conroy
Page 24 of 29 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: September 17, 1999
/s/ Louis J. Mischianti
-----------------------------
Louis J. Mischianti
Page 25 of 29 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: September 17, 1999
ODYSSEY ZEUS, INC.
By: /s/ Robert S. Morris
------------------------------
Name: Robert S. Morris
Title: President
Page 26 of 29 pages
<PAGE>
JOINT FILING AGREEMENT
The undersigned parties hereby agree that the Schedule 13G filed
herewith relating to the Common Stock of Paracelsus Healthcare Corporation is
being filed jointly with the Securities and Exchange Commission pursuant to Rule
13d-1(k) on behalf of each such person.
Date: September 17, 1999
OLYMPUS EXECUTIVE FUND, L.P.
By: OEF, L.P., its General Partner
By: RSM Corporation, its Managing
General Partner
By: /s/ Robert S. Morris
---------------------------------
Name: Robert S. Morris
Title: President
OEF, L.P.
By: RSM Corporation, its Managing
General Partner
By: /s/ Robert S. Morris
--------------------------------
Name: Robert S. Morris
Title: President
RSM CORPORATION
By: /s/ Robert S. Morris
--------------------------------
Name: Robert S. Morris
Title: President
Page 27 of 29 pages
<PAGE>
CONROY CORPORATION
By: /s/ James A. Conroy
--------------------------------
Name: James A. Conroy
Title: President
LJM CORPORATION
By: /s/ Louis J. Mischianti
--------------------------------
Name: Louis J. Mischianti
Title: President
OLYMPUS PRIVATE PLACEMENT
FUND, L.P.
By: OGP Partners, L.P., its General
Partner
By: /s/ Robert S. Morris
--------------------------------
Name: Robert S. Morris
Title: General Partner
OGP PARTNERS, L.P.
By: /s/ Robert S. Morris
--------------------------------
Name: Robert S. Morris
Title: General Partner
/s/ Robert S. Morris
-------------------------------
Robert S. Morris
/s/ James A. Conroy
-------------------------------
James A. Conroy
Page 28 of 29 pages
<PAGE>
/s/ Louis J. Mischianti
-------------------------------
Louis J. Mischianti
ODYSSEY ZEUS, INC.
By: /s/ Robert S. Morris
--------------------------------
Name: Robert S. Morris
Title: President
Page 29 of 29 pages
