Exhibit 11.1
HEALTH MANAGEMENT ASSOCIATES, INC.
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share data)
Three months ended Nine months ended
June 30, June 30,
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1997 1996 1997 1996
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Net income................................ $ 31,001 $ 24,176 $82,819 $64,195
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PRIMARY
Weighted average number of common shares
outstanding during the period........... 107,921 105,615 106,954 105,036
Exercise of options, net of assumed
purchase of treasury shares with
proceeds therefrom......................... 4,194 5,254 4,652 5,271
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Weighted average number of common
shares outstanding during the
period as adjusted.................. 112,115 110,869 111,606 110,307
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Net income per share...................... $ .28 $ .22 $ .74 $ .58
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FULLY DILUTED
Weighted average number of common shares
outstanding during the period........... 107,921 105,615 106,954 105,036
Exercise of options, net of assumed
purchase of treasury shares with
proceeds therefrom....................... 4,243 5,254 4,956 5,421
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Weighted average number of common
shares outstanding during the
period as adjusted.................. 112,164 110,869 111,910 110,457
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Net income per share...................... $ .28 $ .22 $ .74 $ .58
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