EXHIBIT 12.1 Statement Regarding Computation of Consolidated Ratios Of Earnings to Fixed Charges and Earnings to Combined Fixed Charges and Preferred Stock Dividends YEARS ENDED JUNE 30, --------------------------------------------------- THREE MONTHS ENDED ACTUAL 1998 1999 2000 2001 2002 SEPTEMBER 30, 2002 -------- -------- -------- -------- -------- ------------------- Earnings Income before extraordinary items and income taxes $ 3,845 $ 8,385 $ 16,404 $ 28,588 $ 48,785 $ 23,318 Share of distributed income of 50% owned joint ventures net of equity in net income 75 (1,339) (1,467) (703) (1,827) (205) Interest costs 3,721 3,346 2,459 467 662 2,289 Interest portion of rental expense 265 345 429 551 993 646 Amortization of debt costs and discounts and issue costs 287 308 76 40 106 420 -------- -------- -------- -------- -------- --------- Total earnings 8,193 11,045 17,901 28,943 48,719 26,468 -------- -------- -------- -------- -------- --------- Fixed Charges and Preferred Stock Dividends Interest costs 3,721 3,346 2,459 467 662 2,289 Interest portion of rental expense 265 345 429 551 993 646 Amortization of debt costs and discounts and issue costs 287 308 76 40 106 420 -------- -------- -------- -------- -------- --------- Total fixed charges 4,273 3,999 2,964 1,058 1,761 3,355 Preferred stock dividends 5,513 3,094 -- -- -- -- -------- -------- -------- -------- -------- --------- Total combined fixed charges and preferred stock dividends $ 9,786 $ 7,093 $ 2,964 $ 1,058 $ 1,761 $ 3,355 -------- -------- -------- -------- -------- --------- Ratio of earnings to fixed charges 1.92 2.76 6.04 27.36 27.67 7.89 Ratio of earnings to combined fixed charges and preferred stock dividends (1) -- 1.56 6.04 27.36 27.67 7.89 (1) The earnings for 1998 are inadequate to cover the combined fixed charges and preferred stock dividends. Fixed charges and preferred stock dividends exceeded earnings by $1,593,000. YEAR ENDED PRO FORMA (2) JUNE 30, 2002 ----------- Earnings Income before extraordinary items and income taxes $ 66,481 Share of distributed income of 50% owned joint ventures net of equity in net income (1,827) Interest costs 10,896 Interest portion of rental expense 2,843 Amortization of debt costs and discounts and issue costs 106 ---------- Total earnings 78,499 ---------- Fixed Charges Interest costs 10,896 Interest portion of rental expense 2,843 Amortization of debt costs and discounts and issue costs 106 ---------- Total fixed charges 13,845 ---------- Ratio of earnings to fixed charges 5.67 (2) To give effect to the acquisitions of BioPartners in Care, Inc. on December 1, 2001 and the Specialty Pharmaceutical Services Division of Gentiva Health Services, Inc. on June 13, 2002, as if the acquisitions had occurred on July 1, 2001.