Exhibit 23


                         Consent of Independent Auditors

We consent to the  incorporation by reference in (1) Registration  Statement No.
33-308415  on Form S-3 related to the  Dividend  Reinvestment  and Common  Stock
Purchase Plan, (2) Shelf  Registration  Statement No.  33-32119 on Form S-4, (3)
Registration  Statement No.  333-69807  related to the 1993 Amended and Restated
Stock Option and Restricted Stock Plan, and (4) Shelf Registration Statement No.
333-69675 on Form S-3, of our report dated March 16, 2001,  except for the third
and  seventh  paragraphs  of Note 15 as to which the date is March 30, 2001 with
respect  to  the  consolidated  financial  statements  and  schedules  of  Omega
Healthcare  Investors,  Inc.  included in this Annual Report (Form 10-K) for the
year ended December 31, 2000.

                                                          /s/ Ernst & Young LLP


Chicago, Illinois
March 16, 2001, except
for the third and seventh
paragraphs of Note 15 as to
which the date is March 30, 2001