Comprehensive Healthcare Systems Lands Third Major Contract in Six Months

Comprehensive Healthcare Systems Inc. (TSXV: CHS) (OTCQB: CMHSF) has secured a significant new five-year agreement with the Teamsters Local 237 Welfare and Retirees Benefit Fund to deploy its Novus360™ cloud-based administration platform for healthcare benefits and retirement administration. This contract marks the company’s third new five-year agreement in the past six months, bringing the combined value of the three contracts to approximately US$12.1 million (C$17 million) and increasing CHS’s signed order book to roughly US$27 million (C$38 million). The company expects these agreements to generate average annual revenue of about US$2.4 million (C$3.36 million) over their terms.

Comprehensive Healthcare Systems is a vertically integrated software-as-a-service (SaaS) company focused on digitizing healthcare with its Novus 360 Healthcare Welfare and Benefits Administration (HWBA) platform. The platform is used by clients for all aspects of healthcare benefits administration, including self-funded employers, providers, and labor unions. The Teamsters Local 237 contract strengthens CHS’s position in the Taft-Hartley and multi-employer benefits market while establishing a reference client within the broader Teamsters network, which represents approximately 1.3 million members across the United States and Canada.

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