HEALTHTRUST, INC. - THE HOSPITAL COMPANY Exhibit 11 - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (Dollars in thousands, except per share data) Three Months Ended Six Months Ended February 28 February 28 1995 1994 1995 1994 Primary: Average shares outstanding 91,075,721 81,175,622 90,873,624 81,138,773 Net effect of dilutive warrants 566,285 2,731,645 630,688 2,675,458 Net effect of dilutive stock options 1,265,335 970,897 1,266,142 824,890 Total weighted average common shares 92,907,341 84,878,164 92,770,454 84,639,121 Net income $ 61,355 $ 47,376 $ 111,284 $ 86,228 Net income per share $ 0.66 $ 0.56 $ 1.20 $ 1.02 Fully Diluted: Average shares outstanding 91,075,721 81,175,622 90,873,624 81,138,773 Net effect of dilutive warrants 571,449 2,772,431 633,291 2,772,431 Net effect of dilutive stock options 1,395,313 1,061,482 1,331,130 1,020,829 Total weighted average common shares 93,042,483 85,009,535 92,838,045 84,932,033 Net income $ 61,355 $ 47,376 $ 111,284 $ 86,228 Net income per share $ 0.66 $ 0.56 $ 1.20 $ 1.02