1 EXHIBIT 12.1 Paracelsus Utah Facilities and IASIS Computation of Ratio of Earnings to Fixed Charges (Unaudited) (Dollars in thousands) Paracelsus Utah Facilities ------------------------------------------------------------------------------------- Period from Date of Acquisition Through Year Ended Year Ended Nine Months Ended December 31, 1996 December 31, 1997 December 31, 1998 September 30, 1998 ---------------------- ----------------- ------------------ ------------------ Earnings Income (loss) from continuing operations before minority interests and income taxes (103,257) 3,750 3,548 3,600 Fixed charges 10,693 25,883 20,977 16,384 Less interest capitalized -- -- -- -- ------- ------ ------ ------ (92,564) 29,633 24,525 19,984 Fixed charges Interest charged to expense 8,465 22,097 17,088 13,426 Amortization of deferred financing costs -- -- -- -- Interest capitalized -- -- -- -- Interest portion of rental expense 2,228 3,786 3,889 2,958 ------- ------ ------ ------ Fixed charges 10,693 25,883 20,977 16,384 ------- ------ ------ ------ Ratio of earnings to fixed charges -- 1.1 1.2 1.2 ======= ====== ====== ====== Paracelsus Utah Facilities IASIS ------------------ --------------------------------------- Nine Months Ended Three Months Ended Three Months Ended September 30, 1999 December 31, 1998 December 31, 1999 ------------------ ------------------ ------------------ Earnings Income (loss) from continuing operations before minority interests and income taxes 910 (52) (1,617) Fixed charges 10,340 4,593 17,377 Less interest capitalized 218 -- -- ------- ----- ------ 11,468 4,541 15,760 Fixed charges Interest charged to expense 7,304 3,662 14,375 Amortization of deferred financing costs -- -- 525 Interest capitalized 218 -- -- Interest portion of rental expense 2,818 931 2,477 ------- ----- ------ Fixed charges 10,340 4,593 17,377 ------- ----- ------ Ratio of earnings to fixed charges 1.1 -- -- ======= ===== ======