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  September 5, 2001
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Home > Company Index > Health Products & Services > Hospitals > Clarent Hospital Corporation

Clarent Hospital Corporation
 PROFILE
Clarent Hospital Corporation is hoping that a change in name will make all the difference. Formerly known as Paracelsus Healthcare, the company is attempting to emerge from Chapter 11 bankruptcy under its approved plan of reorganization. Clarent owns or operates 10 acute care hospitals in seven states, primarily in the south. The company targets small and midsized markets. After accounting errors forced it to restate earnings from 1997 forward, the firm filed for bankruptcy protection. As part of its reorganization plan, the firm merged into one of its own subsidiaries and reincorporated as a private company with a new name.

 COMPETITION
Community Health Systems, Inc. (CYH)
Health Management Associates, Inc. (HMA)
Triad Hospitals, Inc. (TRI)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 369.20
1-Yr. Sales Growth: (28.5)%
Employees: 4,670
Revenue per employee: $79,057.82

 KEY PEOPLE
• Robert L. Smith
    CEO
• Lawrence A. Humphrey
    CFO

 CONTACT INFO
515 W. Greens Rd., Ste. 500
Houston, TX 77067
US
Phone: 281-774-5100
Fax: 281-774-5200

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