EXHIBIT 12.1 FOUNTAIN VIEW, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS, EXCEPT RATIOS) YEAR ENDED DECEMBER 31, ------------------------------------------ THREE MONTHS ENDED ACTUAL MARCH 31, ---------------------------------- -------------------- PRO PRO FORMA FORMA 1993 1994 1995 1996 1997 1997 1997 1998 1998 ------ ------ ------ ------ ------ ------- ------ ------ ------ Income (loss) before income taxes........... $2,510 $4,594 $2,640 $3,878 $5,563 $(7,296) $2,315 $1,450 $ (573) Fixed charges: Interest expense...... 307 355 332 278 1,164 23,324 20 851 5,831 Portion of rent repre- senting interest..... 1,334 1,339 1,315 1,299 1,258 2,251 314 328 569 ------ ------ ------ ------ ------ ------- ------ ------ ------ Total fixed charges..... 1,641 1,694 1,647 1,577 2,422 25,575 334 1,179 6,400 ------ ------ ------ ------ ------ ------- ------ ------ ------ Income (loss) before income taxes and fixed charges................ $4,151 $6,288 $4,287 $5,455 $7,985 $18,279 $2,649 $2,629 $5,827 ====== ====== ====== ====== ====== ======= ====== ====== ====== Ratio of earnings to fixed charges.......... 2.5 3.7 2.6 3.5 3.3 0.7 7.9 2.2 0.9