Omnicare (OCR) 10-Q 2008 Q1 Quarterly report

EXHIBIT 12
Statement of Computation of Ratio of Earnings to Fixed Charges
Omnicare, Inc. and Subsidiary Companies
(in thousands, except ratios)
Unaudited
			Three months ended
			March 31,
			2008				2007
Income before income taxes			$	49,799	(1	)	$	69,559	(1	)
Add fixed charges:
	Interest expense			35,020				40,012
	Amortization of debt expense			2,036				2,036
	Interest portion of rent expense			6,465				6,032
	Adjusted income		$	93,320			$	117,639
Fixed charges:
	Interest expense		$	35,020			$	40,012
	Amortization of debt expense			2,036				2,036
	Interest portion of rent expense			6,465				6,032
	Fixed charges		$	43,521			$	48,080
Ratio of earnings to fixed charges(2)				2.1	x			2.4	x
(1)		Income before income taxes includes the following special pretax charges:
			Three months ended
			March 31,
			2008				2007
	Restructuring and other related charges (a)		$	6,448			$	9,174
	Litigation and other related professional fees (b)			21,642				6,907
	Heartland matters (b)			1,893				5,792

	(a)		See the "Restructuring and Other Related Charges" note of the Notes to the Consolidated Financial Statements.
	(b)		See the "Commitments and Contingencies" note of the Notes to the Consolidated Financial Statements.
(2)		The ratio of earnings to fixed charges has been computed by adding income before income taxes and fixed charges to derive adjusted income, and dividing adjusted income by fixed charges. Fixed charges consist of interest expense on debt (including the amortization of debt expense) and one-third (the proportion deemed representative of the interest portion) of rent expense.

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