Comprehensive Healthcare Systems Signs Five-Year Agreement with Teamsters Local 237, Expanding Its Taft-Hartley Market Presence

Comprehensive Healthcare Systems Inc. (TSXV: CHS) (OTCQB: CMHSF) has announced a 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 approximately US$27 million (C$38 million).

The three recently signed agreements are expected to generate average annual revenue of approximately US$2.4 million (C$3.36 million) over their terms. 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. This is particularly significant as the Teamsters union is one of the largest labor unions in North America, and a successful implementation with Local 237 could lead to further adoption among other Teamsters locals and related funds.

Comprehensive Healthcare Systems is a vertically integrated software-as-a-service (SaaS) company focused on digitizing healthcare with benefits administration solutions. Its Novus360 platform is used by clients for all aspects of healthcare benefits administration, including self-funded employers, providers, and labor unions. The platform provides reliable, high-volume transaction-capable systems that streamline complex benefit management tasks.

The company’s growing order book reflects increasing demand for cloud-based benefits administration solutions, particularly among union and multi-employer groups. These entities often manage complex benefit structures for large, dispersed membership bases, making efficient administration crucial. By securing multiple long-term contracts, CHS demonstrates its ability to deliver value and retain clients in a competitive market.

For more information about the company, visit CompHealthCare.com. The full press release is available at IBN.fm/0G5zr.