Exhibit 11.1

The following table sets forth the computation of earnings per share:

	Nine Months Ended September 30,				Years Ended December 31,
	2010		2009		2009		2008
Basic earnings per share:
Net earnings attributable to USMD Inc.	$	11,801	$	2,298	$	2,303	$	182
Weighted-average common shares outstanding		29,708		29,836		29,804		30,209
Basic earnings per share	$	0.40	$	0.08	$	0.08	$	0.01
Diluted earnings per share:
Net earnings attributable to USMD Inc.	$	11,801	$	2,298	$	2,303	$	182
Weighted-average common shares outstanding		29,708		29,836		29,804		30,209
Effect of potentially dilutive securities		533		17		73		—
Weighted average common shares outstanding assuming dilution		30,241		29,853		29,877		30,209
Diluted earnings per share	$	0.39	$	0.08	$	0.08	$	0.01