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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]