EXHIBIT 12

HEALTHTRONICS, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE THREE MONTHS ENDED MARCH 31, 2005 AND 2004
(Unaudited)

	Three Months Ended March 31,
($ in thousands)	2005		2004
Income before income taxes and after minority interests	$	2,809	$	1,864
Undistributed equity income		--		--
Minority interest income of subsidiaries with fixed charges		6,143		2,938
Adjusted earnings		8,952		4,802
Interest on debt		2,929		2,289
Loan fees		1,183		--
Total fixed charges		4,112		2,289
Total available earnings before fixed charges	$	13,064	$	7,091
Ratio		3.2		3.1