An international health care company is considering setting up its headquarters in Bermuda.

Michigan-based Omega Worldwide, Inc. manages healthcare investments in the United Kingdom, Australia and New Zealand.

Last week Omega Worldwide announced that Todd P. Robinson resigned as the chief executive officer and a director of the company, effective immediately while James E. Eden, chairman of the company, stated that he will work with the senior management of Omega (UK) Ltd. to supervise and manage the affairs of the company while the board of directors completes a search for a permanent chief executive officer.

In addition, Omega Worldwide has been informed Robert L. Parker, formerly the chairman and a director of the company, has succeeded A. Edward Gottesman as the chairman of Principal Healthcare Finance Limited ("PHFL"), a company partly owned by Omega Worldwide.

In a statement last week, Omega Worldwide announced that it has agreed with PHFL to withdraw its demand to PHFL for an extraordinary general meeting of shareholders to reconstitute the board of directors of PHFL. PHFL and Omega Worldwide have further agreed to recommence discussions regarding a possible business combination of PHFL and the company.

The statement added: "During these discussions, the company intends to continue its evaluation of the possibility of changing the domicile of the company to Bermuda."

However, no one from the company could be contacted yesterday to speak about a possible relocation to Bermuda.

Omega Worldwide provides investment advisory and management services, as well as equity and debt capital, to the health care industry, principally in Europe and the Pacific Rim. It is an owner of and provides management services to PHFL, which owns and leases 231 properties in the United Kingdom and Jersey and Idun Health care Ltd., the operator of 127 nursing homes in England, Scotland and Northern Ireland.

Omega Worldwide also has established, owns in part and provides management services to Principal Healthcare Finance Trust in Australia, a company that owns and leases 45 nursing home facilities and 483 assisted living facilities in the Commonwealth of Australia and New Zealand.