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                                                                     EXHIBIT 11


           HEALTHDYNE INFORMATION ENTERPRISES, INC. AND SUBSIDIARIES
             STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (LOSS)
                    (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)


<TABLE>
<CAPTION>
                                                                                                  FOR THE PERIOD      
                                                                                                   FROM JUNE 15,       
                                                                                                   1994 (DATE OF        
                                                YEAR ENDED                YEAR ENDED             INCORPORATION) TO      
                                             DECEMBER 31, 1996         DECEMBER 31, 1995         DECEMBER 31, 1994      
                                             -----------------         -----------------         -----------------      
<S>                                            <C>                         <C>                    <C>          
Net earnings (loss)                            $   1,183                   $  (9,983)             $  (1,265)   
                                               =========                   =========              =========    
                                                                                                               
Primary shares:                                                                                                
     Weighted average number of                                                                                
     common shares outstanding                    17,481                      15,653                 15,500    
     Additional shares issuable from                                                                           
         assumed exercise of options               1,395                         --*                    --*    
                                               ---------                   ---------              ---------
                                                  18,876                      15,653                 15,500    
                                               =========                   =========              =========    
                                                                                                               
Net earnings (loss) per common share                                                                           
     and common share equivalent               $     .06                   $    (.64)             $    (.08)   
                                               =========                   =========              =========    
                                                                                                               
Fully diluted shares:                                                                                          
     Weighted average number of                                                                                
         common shares outstanding                                                                             
         per primary computation above            17,481                      15,653                 15,500    
     Additional shares issuable from                                                                           
         assumed exercise of options               1,698                         --*                    --*
                                               ---------                   ---------              ---------    
                                                  19,179                      15,653                 15,500    
                                               =========                   =========              =========    
                                                                                                               
Net earnings (loss) per common share                                                                           
     and common share equivalent               $     .06                   $    (.64)             $    (.08)   
                                               =========                   =========              =========    
</TABLE>
                                                                         
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*    Since stock options are antidilutive to the loss per common share
     calculations, stock options are not considered in such loss per share
     calculations.