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Comprehensive Healthcare Systems Inc. Engages RedChip Companies to Lead Investor Relations Efforts
TMX Newsfile· 2026-01-13 11:30
Core Insights - Comprehensive Healthcare Systems Inc. (CHS) has engaged RedChip Companies to enhance its investor relations and strategic communications efforts, indicating a strategic shift towards greater engagement with the investment community [1][2] - The company is experiencing significant operational and financial milestones, including positive adjusted EBITDA and a growing client base, particularly through its Novus 360 platform [2][3] Company Overview - Comprehensive Healthcare Systems Inc. is a vertically integrated SaaS company focused on healthcare benefits administration, providing high-volume transaction-capable systems [4] - The Novus 360 platform is designed to improve automation, transparency, and cost containment for various clients, including self-funded employers and multi-employer unions across North America [2][4] Financial Engagement - Under the agreement with RedChip, CHS will pay US$7,500 per month and grant 150,000 stock options at a price of C$0.60 per share, with options vesting quarterly over six months [3] - Additionally, CHS has committed to a one-time fee of US$60,000 for a national media and TV ad campaign scheduled for the first quarter of 2026 [3]
Comprehensive Healthcare Systems Inc. Signs a 5-Year Benefits and Pension Administration Agreement with Amalgamated Life Insurance Company, a Member of the Amalgamated Family of Companies
TMX Newsfile· 2025-12-18 18:34
Core Insights - Comprehensive Healthcare Systems Inc. (CHS) has signed a five-year contract with Amalgamated Employee Benefits Administrators and Amalgamated Life Insurance Company to deploy its advanced administration platform for pension and employee benefits operations [1][2][4] - The contract is expected to increase CHS's annual revenue by approximately 25% over its duration [2] - The Novus360 platform will unify various administrative functions, enhancing efficiency and participant experience in multi-employer and union-based health and pension plans [3][4] Company Overview - CHS is a vertically integrated software as a service (SaaS) company focused on healthcare benefits administration, providing high-volume transaction-capable systems [9] - The Novus360 platform is designed to streamline workflows, improve compliance tracking, and offer advanced analytics in a cloud-based environment [3][5] Strategic Importance - The partnership with Amalgamated is seen as a significant milestone for CHS, reinforcing its position as a trusted technology partner in the health and pension benefits administration sector [6][4] - Amalgamated selected CHS for its expertise and the flexibility of the Novus360 platform, which is expected to enhance service delivery for employer groups and participants [5]