WRIGHT MEDICAL TECHNOLOGY, INC. AND SUBSIDIARIES

                                            COMPUTATION OF EARNINGS PER SHARE

                                          (in thousands, except loss per share)



                                                                         Years Ended
                                                 -------------------------------------------------------------
                                                 December 31, 1997     December 31, 1996     December 31, 1995
                                                 -----------------     -----------------     -----------------
                                                                                    
Net loss                                         $        (22,572)     $        (14,589)     $         (6,492)

Dividends on preferred stock                              (12,121)              (14,251)              (10,455)

Accretion of preferred stock discount                      (6,477)               (6,458)               (2,836)
                                                 -----------------     -----------------    ------------------

Net loss applicable to common
      and common equivalent shares               $        (41,170)     $        (35,298)    $         (19,783)
                                                 =================     =================    ==================

Weighted average shares of
      common stock outstanding (a)                          9,397                 9,059                 8,825
                                                 =================     =================    ==================

Loss per share of common stock                   $          (4.38)     $          (3.90)    $           (2.24)
                                                 =================     =================    ==================



<FN>

 (a)  During  1997,  the  Company  adopted  Statement  of  Financial  Accounting
      Standards  No.  128,  "Earnings  per  Share".  Because  of  the  net  loss
      applicable  to common stock,  diluted  weighted  average  shares of common
      stock  outstanding  has not been  computed  as the  effect of the  assumed
      exercise of common stock equivalents would be anti-dilutive.

</FN>




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