UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no
longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See Instructions 1(b).
1. Name and Adress of Reporting Person
Dr. Meyer zu Losebeck, Heiner
Sedanstrasse 109
D-49076
Osnabruck, Federal Republic of Germany
2. Issuer Name and Ticker or Trading Symbol
Paracelsus Healthcare Corporation
PLS
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
09/30/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
Director
7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by
One Reporting Person ( ) Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
Title of 2.Tran- 3.Tran 4.Securities 5.Amount of 6.Direct 7.Nature
Securities saction saction Acquired(A) Securities (D) or of Indi-
Date Code V or Disposed Benefi- Indirect rect
of(D) cially Owned (I) Benefi-
at End of cial
Amount A/D Price Month Ownership
Common Stock 09/02/99 J - 9,865,000 D $0.75 19,906,742 I Note 1*
Note *2
</TABLE>
* See explanation for Notes 1 and 2 on page 2 of this Form 4
<PAGE> 2
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
None
Explanation of Responses:
Note 1 - Park Hospital GmbH ("Park") is the owner of record of reported shares.
Dr. Meyer zu Losebeck, as co-executor of the estate of Professor Dr. Harmut
Krukemeyer and managing director of Park, shares indirect voting and investment
power of these shares of Common Stock owned by Park.
Note 2 - Reflects the transfer of 8,674,223 shares and 1,190,777 shares,
respectively, to the former Champion shareholders and the class settlement
fund, as described in the Company's 1998 Annual Report filed on Form 10-K. The
transfer resulted from the settlement of litigation effective September 2,
1999.
SIGNATURE OF REPORTING PERSON
Dr. Heiner Meyer zu Losebeck
DATE
10/11/99
