UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Haddox, Melissa R.
Paracelsus Healthcare Corporation
515 W. Greens Road
Suite 500
Houston, Tx 77067
USA
2. Date of Event Requiring Statement (Month/Day/Year)
05/25/00
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Paracelsus Healthcare Corporation
PLS
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President - Government Programs
6. If Amendment, Date of Original (Month/Day/Year)
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>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
Common stock |2,100 |D | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Options to purchase comm|(a) |07/10/07 |Common stock |30,000 |$5.19 |D | |
on stock | | | | | | | |
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Options to purchase comm|(b) |04/01/09 |Common stock |30,000 |$2.20 |D | |
on stock | | | | | | | |
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Explanation of Responses:
(a) Options exercisable proratably on a monthly basis over a four-year period
commencing July 7, 1997.
(b) Options exercisable as follows: 25% on April 1, 1999; 25% on April 1,
2000; 16-2/3% on April 1, 2001; 16-2/3% on April 1, 2002 and 16-2/3% on
March 31,
2003.
SIGNATURE OF REPORTING PERSON
Mai-Phuong N. Garland, Attorney-in-Fact
DATE
06/05/00