** Citi sees costs weighing on Australia Ramsay Health Care
as the healthcare operator's investments in technology in FY25 are expected to materialize into profitability only by FY28
** Brokerage says gross investments of RHC projected to peak in FY27 and become a net EBIT benefit in FY28 as savings outweigh investments
** Sees nursing staff wage growth to increase to over 4.5% per annum in FY26-27 from about 4% in FY25
** Citi says employee costs take up ~57% of RHC's revenue, a significant proportion of which are for nursing staff
** Maintains "neutral" rating and cuts price target to A$42 from A$44
** RHC down 25.4% YTD as of last close vs a 4.5% gain on the ASX 200 Health Care index
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com))
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