** 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))