S-4: Registration of securities issued in business combination transactions

EXHIBIT 23.4


CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS


We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form S-4, dated August 23, 1994) and related Joint
Proxy Statement and Prospectus of Omega Healthcare Investors, Inc. and Health
Equity Properties Incorporated for the proposed merger of Health Equity
Properties Incorporated with and into Omega Healthcare Investors, Inc. and to
the incorporation by reference therein of our report dated March 29, 1994, with
respect to the financial statements of Omega Healthcare Investors, Inc.
incorporated by reference in its Annual Report (Form 10-K) for the year ended
December 31, 1993 and the related financial statement schedules included
therein, filed with the Securities and Exchange Commission.


Ernst & Young LLP


Detroit, Michigan
August 22, 1994