Exhibit 12

MedCath Corporation
Statement of Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)

	Fiscal Year Ended September 30,
	2001			2002		2003			2004		2005
Earnings:
Income (loss) from continuing operations before minority interest, income taxes and discontinued operations	$	15,528		$	38,209	$	(51,779	)	$	8,673	$	30,144
Equity method investment earnings (losses)		(2,119	)		3,007		3,541			3,540		3,356
		17,647			35,202		(55,320	)		5,133		26,787
Add:
Fixed charges		26,659			25,141		27,415			28,726		33,374
Amortization of capitalized interest		194			250		279			361		313
Distributed income of equity investees		84			143		236			3,416		2,888
Less:
Capitalized interest		—			1,241		1,241			612		—
Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges		4,869			8,356		3,815			456		1,540
Earnings as adjusted	$	39,715		$	51,139	$	(32,446	)	$	36,568	$	61,822
Fixed Charges:
Third party interest expense	$	24,876		$	22,282	$	24,399		$	26,004	$	31,341
Capitalized interest		—			1,241		1,241			612		—
Amortization of loan acquisition costs		1,519			1,314		1,458			1,760		1,602
Estimate of the interest within rental expense		264			304		317			350		431
Total fixed charges	$	26,659		$	25,141	$	27,415		$	28,726	$	33,374
Ratio of earnings to fixed charges/ (excess of fixed charges over earnings)		1.49x			2.03x		(59,861	)		1.27x		1.85x