EXHIBIT 11 FRESENIUS MEDICAL CARE HOLDINGS, INC. AND SUBSIDIARIES WEIGHTED AVERAGE NUMBER OF SHARES AND EARNINGS USED IN PER SHARE COMPUTATION (DOLLARS AND SHARES IN THOUSANDS)

THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, --------------------- --------------------- 2002 2001 2002 2001 -------- -------- -------- -------- The weighted average number of shares of Common Stock were as follows 90,000 90,000 90,000 90,000 ======== ======== ======== ========

Income used in the computation of earnings per share were as follows:

THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, --------------------- --------------------- 2002 2001 2002 2001 -------- -------- -------- -------- NET INCOME BEFORE EXTRAORDINARY ITEM Net income before extraordinary item $ 44,474 $ 31,475 $ 84,932 $ 53,921 Dividends paid on preferred stocks (130) (130) (260) (260) -------- -------- -------- -------- -------- -------- -------- -------- Income used in per share computation of net income before extraordinary item $ 44,344 $ 31,345 $ 84,672 $ 53,661 ======== ======== ======== ======== Basic and fully dilutive net income before extraordinary item per share $ 0.49 $ 0.35 $ 0.94 $ 0.60 ======== ======== ======== ========

THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, --------------------- --------------------- 2002 2001 2002 2001 -------- -------- -------- -------- NET INCOME Net income $ 34,694 $ 31,475 $ 75,152 $ 53,921 Dividends paid on preferred stocks (130) (130) (260) (260) -------- -------- -------- -------- -------- -------- -------- -------- Income used in per share computation of net income $ 34,564 $ 31,345 $ 74,892 $ 53,661 ======== ======== ======== ======== Basic and fully dilutive net income per share $ 0.38 $ 0.35 $ 0.83 $ 0.60 ======== ======== ======== ========