WRIGHT MEDICAL TECHNOLOGY, INC. AND SUBSIDIARIES

                                             COMPUTATION OF EARNINGS PER SHARE

                                           (in thousands, except loss per share)
                                                        (unaudited)


                                                   Three Months Ended
                                        ----------------------------------------
                                          March 31, 1997         March 31, 1996
                                        ------------------    ------------------
                                                           
Net loss                                      $   (3,210)             $  (1,489)

Dividends on preferred stock                      (3,735)                (3,577)
Accretion of preferred stock discount             (1,615)                (1,615)
                                        ------------------    ------------------

Net loss applicable to common
      and common equivalent shares            $   (8,560)             $  (6,681)
                                        ==================    ==================

Weighted average shares of
     common stock outstanding (a)                  9,168                  8,957
                                        ==================   ===================

Loss per share of common stock                $    (0.93)            $    (0.75)
                                        ==================   ===================




<FN>
 (a)  Because of the net loss  applicable  to common  stock for the three months
      ended March 31, 1997, and March 31, 1996,  the assumed  exercise of common
      stock  equivalents  has not been included in the  computation  of weighted
      average shares outstanding because their effect would be anti-dilutive.
</FN>

                                                                                                       


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