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 15, 2002,  except for the
eighth  paragraph of Note 19 as to which the date is March 27, 2002 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, 2001.

                                                /s/ Ernst & Young LLP


Chicago, Illinois
March 15, 2002