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) Registration Statement No. 333-6154 related to the 2000 Stock
Incentive Plan, (3) Shelf  Registration  Statement No. 33-32119 on Form S-4, (4)
Registration  Statement No.  333-69807 and 333-3124  related to the 1993 Amended
and Restated  Stock Option and  Restricted  Stock Plan,  (5) Shelf  Registration
Statement No.  333-69675 on Form S-3, and (6) Shelf  Registration  Statement No.
333-112731 on Form S-3 related to the registration of 18,118,246  common shares,
of our report dated January 27, 2004, except for Note 20 as to which the date is
February 13, 2004,  with respect to the  consolidated  financial  statements and
financial  statement schedules of Omega Healthcare  Investors,  Inc. included in
this Annual Report on Form 10-K for the year ended December 31, 2003.


                                                   /s/ Ernst & Young LLP

Chicago, Illinois
February 18, 2004