ramsay health cares share weakness may see investor focus swing from the stalled kkrtalks and ma speculation back to the fundamental underlying business says morgans analysts in a note it says the company is still contending with challenging trading conditions inflationary pressures and workforce issues providing headwinds to a full recovery in productivity that said we view fy 2022 as the nadir in earnings with covidrelated headwinds slowly subsiding supporting the eventual return of more normalized activity in fy 2024 and beyond morgans say it forecasts underlying earnings growth of around 20 per annum over the next three years