UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): February 12, 1999 Commission file number 1-12055 PARACELSUS HEALTHCARE CORPORATION (Exact name of registrant as specified in its charter) CALIFORNIA 95-3565943 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 515 W. Greens Road, Suite 800, Houston, Texas (Address of principal executive offices) 77067 (281) 774-5100 (Zip Code) (Registrant's telephone number, including area code) 2 ITEM 5. OTHER EVENTS In a letter dated January 29, 1999, the New York Stock Exchange ("NYSE") notified Paracelsus Healthcare Corporation ("the Company") that it would remain listed on the NYSE. The NYSE's determination is contingent on the Company's undertaking to update the NYSE quarterly to demonstrate progress in returning to compliance with the NYSE's listing standards. Certain statements in this release are "forward-looking statements" made pursuant to the safe harbor provisions for the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks and uncertainties. Additionally, there are many factors, including but not limited to, a change in the Company's NYSE listing status and the price of the Company's stock, which may cause the Company's actual performance to differ materially from forecasted results. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Paracelsus Healthcare Corporation (Registrant) Dated: February 12, 1999 By: /S/ JAMES G. VANDEVENDER ---------------------------------- James G. VanDevender Senior Executive Vice President, Chief Financial Officer & Director