4: Statement of changes in beneficial ownership of securities
Published on May 10, 2000
                
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                     FORM 4
                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
    Filed  pursuant to Section  16(a) of the  Securities  Exchange  Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940
[_]  Check box if no longer  subject of Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).
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1.   Name and Address of Reporting Person*
Bailey, Jr.                        Essel                  W.
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   (Last)                           (First)             (Middle)
900 Victors Way, Suite 350
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                                    (Street)
Ann Arbor                           MI                  48108
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   (City)                           (State)              (Zip)
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2.   Issuer Name and Ticker or Trading Symbol
Omega Healthcare Investors, Inc. (OHI)
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3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4.   Statement for Month/Year
July, 1999
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5.   If Amendment, Date of Original (Month/Year)
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6.   Relationship of Reporting Person to Issuer
     (Check all applicable)
     [x]  Director                             [_]  10% Owner
     [x]  Officer (give title below)           [_]  Other (specify below)
President, CEO and Chairman
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7. Individual or Joint/Group Filing (Check applicable line)
     [x] Form  filed by one  Reporting  Person  [_] Form  filed by more than one
     Reporting Person
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           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/98)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible securities)
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Explanation of Responses:
/s/ Essel W. Bailey, Jr. August 2, 1999
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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