Exhibit 12.1
FIVE STAR QUALITY CARE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands except ratios)
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| Year ended December 31, |
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| 2004 |
| 2003 |
| 2002 |
| 2001 |
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Consolidated earnings (loss) |
| $ | 4,461 |
| $ | (6,500 | ) | $ | (12,925 | ) | $ | 527 |
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Consolidated fixed charges |
| 1,170 |
| 1,439 |
| 249 |
| — |
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Ratio of consolidated earnings to fixed charges |
| 3.8 | x | N/M |
| N/M |
| N/M |
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Deficiency |
| — |
| 9,378 |
| 13,423 |
| N/A |
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Calculation of fixed charges: |
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Interest expense |
| $ | 880 |
| $ | 1,164 |
| $ | 198 |
| — |
| |
Interest expense capitalized |
| — |
| — |
| — |
| — |
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Interest component of capitalized lease expense |
| — |
| — |
| — |
| — |
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Amortization of debt discounts |
| — |
| — |
| — |
| — |
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Amortization of capitalized deferred finance costs |
| 290 |
| 275 |
| 51 |
| — |
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Fixed charges |
| $ | 1,170 |
| $ | 1,439 |
| $ | 249 |
| — |
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Calculation of consolidated earnings (loss): |
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Consolidated net income |
| $ | 3,291 |
| $ | (7,939 | ) | $ | (13,174 | ) | $ | 527 |
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Consolidated fixed charges |
| 1,170 |
| 1,439 |
| 249 |
| — |
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Consolidated earnings (loss) |
| $ | 4,461 |
| $ | (6,500 | ) | $ | (12,925 | ) | $ | 527 |
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| Integrated Health |
| Mariner Post Acute |
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| Year ended December 31, 2000 |
| Year ended December 31, 2000 |
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Consolidated earnings (loss) |
| $ | (23,199 | ) | $ | (7,300 | ) |
Consolidated fixed charges |
| 2,053 |
| 121 |
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Ratio of consolidated earnings to fixed charges |
| N/M |
| N/M |
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Deficiency |
| 27,305 |
| 7,542 |
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Calculation of fixed charges: |
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Interest expense |
| $ | 2,053 |
| $ | 121 |
|
Interest expense capitalized |
| — |
| — |
| ||
Interest component of capitalized lease expense |
| — |
| — |
| ||
Amortization of debt discounts |
| — |
| — |
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Amortization of capitalized deferred finance costs |
| — |
| — |
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Fixed charges |
| $ | 2,053 |
| $ | 121 |
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Calculation of consolidated earnings (loss): |
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Consolidated net income |
| $ | (25,252 | ) | $ | (7,421 | ) |
Consolidated fixed charges |
| 2,053 |
| 121 |
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Consolidated earnings (loss) |
| $ | (23,199 | ) | $ | (7,300 | ) |
