Comprehensive Healthcare Systems Inc. develops healthcare benefits administration software and services for organizations that manage health, welfare, benefits and pension programs. Its Novus 360 platform is presented as a cloud-based administration system for self-insured employers, labor unions, third-party administrators, pension funds and related healthcare benefit operators.
Company news commonly covers commercial pipeline development, enterprise client agreements, sales organization changes, shareholder communications, investor relations activity and technology initiatives tied to automation, analytics and artificial intelligence. Updates also address the company’s transition toward a recurring-revenue SaaS model and enhancements to workflows for claims processing, benefits enrollment, compliance tracking and plan administration.
Comprehensive Healthcare Systems (OTCQB: CMHSF) reported its active sales pipeline now exceeds US$20 million and outlined investments in commercial hiring, customer support, and a HubSpot-based AI-enabled CRM to improve sales execution and pipeline visibility.
The company said pipeline estimates derive from submitted RFPs and ongoing commercial discussions, and noted historical conversion rates of approximately 25%–30% with no assurance current opportunities will convert to contracts.
Comprehensive Healthcare Systems (OTCQB: CMHSF) announced a new AI initiative on March 18, 2026 to embed artificial intelligence across its Novus 360 platform.
The plan targets smarter automation, improved decision-making, and better user experiences; Novus 360 currently supports over 1 million lives and processes more than 1.6 billion transactions annually.
Comprehensive Healthcare Systems (OTCQB: CMHSF) will host a live investor webinar and Q&A on February 25, 2026 at 4:15 p.m. ET hosted by RedChip Companies featuring CEO Chris Cosgrove.
The company highlights its Novus 360 HWBA AI-enabled SaaS platform, >1 million lives supported, >$1.8B claims processed, >90% recurring revenue, >95% retention, ~C$35M (US$25M) signed contracts and a target of US$100M in signed contracts by 2028.
Comprehensive Healthcare Systems (OTCQB: CMHSF) engaged RedChip Companies to lead investor relations and strategic communications, effective January 9, 2026, subject to TSX Venture Exchange approval. The agreement includes US$7,500 per month for six months, a one-time US$60,000 national media and TV campaign in Q1 2026, and 150,000 stock options exercisable at C$0.60 for five years that vest quarterly over six months. CHS highlighted recent multi-year enterprise client agreements, a strengthened balance sheet, and a transition to positive adjusted EBITDA while advancing its Novus 360 SaaS platform and AI-driven enhancements.
Comprehensive Healthcare Systems (OTC:CMHSF) signed a five-year benefits and pension administration agreement with Amalgamated Life Insurance Company, effective upon signing on December 16, 2025.
The contract will deploy CHS's Novus360 cloud platform across Amalgamated's pension and employee benefits operations and is expected to increase CHS's revenue by approximately 25% on an annualized basis over the contract term while direct costs are expected to remain in line with historical averages.
The platform unifies pension management, benefits enrollment, claims processing, compliance tracking and analytics to streamline workflows and support multi-employer union plans.
Comprehensive Healthcare Systems (OTC: CMHSF) signed a non-binding Memorandum of Understanding on August 12, 2025 with a large Taft‑Hartley multi‑employer health benefits administrator for a five‑year partnership. The MOU outlines collaboration on software, technology implementation, service delivery and integration to support full‑scale deployment of CHS's Novus360 benefits and pension administration suite.
The company said contractual details are being finalized and a definitive agreement and implementation timeline are expected in the coming weeks, with further contract details to be released in a future press release.
Comprehensive Healthcare Systems (TSXV: CHS) (OTCQB: CMHSF), a SaaS provider specializing in healthcare benefits administration, has begun trading on the OTCQB Venture Market under the symbol CMHSF as of July 17th, 2025. The company will maintain its primary listing on the TSX Venture Exchange under CHS.
The company's shares are DTC services eligible for electronic clearing and settlement through the Depository Trust Company in the United States. This strategic move aims to enhance visibility and transparency within the U.S. investment community, potentially improving access to institutional capital and expanding the company's shareholder base.
Comprehensive Healthcare Systems (TSXV: CHS) has secured a 5-year recurring revenue agreement with a Midwest Union for implementing its Novus 360 platform. The platform will integrate healthcare benefits and pension administration technology into a centralized system.
The new client will utilize CHS's digital engagement solutions, including Mobile Application and Member Portal, to enhance union member engagement and control costs. The Novus 360 platform features include billing and eligibility processing, retirement pension management, and disability benefits administration.
The agreement represents CHS's strategic expansion in offering Novus 360 to a broader market, with potential for future growth through additional solution offerings. The platform stands as the first fully integrated benefits administration solution that digitizes organizational plan administration through an accessible, user-friendly, and secure interface.
Comprehensive Healthcare Systems (TSXV: CHS), a healthcare benefits administration software and services provider, has announced a significant debt settlement plan. The company aims to settle approximately $832,042 in debt through the issuance of up to 5,546,946 post-consolidation common shares at a deemed price of $0.15 per share.
The plan is contingent upon a 20:1 share consolidation, which requires shareholder approval at the upcoming annual and special general meeting scheduled for February 18, 2025. The meeting will be adjourned to February 25, 2025, to allow shareholders additional time for proxy submissions. Both the consolidation and debt settlement require TSX Venture Exchange approval, and issued securities will have a four-month and one-day statutory hold period.