HEALTH

Paracelsus Shares Tumble 56%: Paracelsus Healthcare Corp. shares plummeted a day after the Houston-based company said it will report a third-quarter loss significantly larger than expected and may restate earnings for earlier quarters. The stock fell $5.625 to close at $4.50 in trading of 2.13 million shares on the New York Stock Exchange, more than 16 times the three-month average of 132,400. Paracelsus shares were at $10.125 on Wednesday before trading was suspended after the company made its announcement. The company said it hired a law firm to conduct an inquiry into accounting and financial reporting practices. It said it will probably make adjustments to the use of reserves and bad debt expenses and other costs in the fourth quarter of 1995 and the first and second quarters of this year.