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                    MEDICAL IMAGING CENTERS OF AMERICA, INC.        Exhibit 11.1
                        COMPUTATION OF EARNINGS PER SHARE

                                                          

<TABLE>
<CAPTION>
                                                                  Three Months Ended September 30,   Nine Months Ended September 30,
(in thousands except per share information)                                    1996        1995           1996        1995
                                                                               ----        ----           ----        ----
<S>                                                                         <C>         <C>             <C>         <C>
Net income for computation of primary earnings per share                     $1,047      $3,621          $2,646      $5,096
                                                                                                      
Fully diluted:                                                                                        
                                                                                                      
Adjustment for interest and amortization for the conversion of debentures        99         141             353         505
                                                                             ------      ------          ------      ------
                                                                                                      
Net income for computation of fully diluted earnings per share               $1,146      $3,762          $2,999      $5,601
                                                                             ======      ======          ======      ======
                                                                                                      
                                                                                                      
Average shares:                                                                                       
                                                                                                      
Common shares                                                                 2,695       2,463           2,667       2,442
                                                                                                      
Stock option and warrant equivalent shares (A)                                  175         183             175         183
                                                                             ------      ------          ------      ------ 
Average shares for computation of primary earnings per share                  2,870       2,646           2,842       2,625
                                                                                                      
Fully diluted:                                                                                        
                                                                                                      
Stock option and warrant equivalent shares - difference from primary (A)         14          --              14          --
                                                                                                      
Average shares for the conversion of debentures                                 360         547             442         629
                                                                             ------      ------          ------      ------        
Average shares for computation of fully diluted earnings per share            3,244       3,193           3,298       3,254
                                                                             ======      ======          ======      ======         
                                                                                                      
                                                                                                      
Net income per share:                                                                                 
                                                                                                      
Primary                                                                      $ 0.36      $ 1.37          $ 0.93      $ 1.94
                                                                             ======      ======          ======      ======         
Fully diluted                                                                $ 0.35      $ 1.18          $ 0.91      $ 1.72
                                                                             ======      ======          ======      ======
</TABLE>

(A) The treasury stock method was used to calculate the common stock equivalent
number of shares from options and warrants.

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