This article has been disseminated on behalf of ComprehensiveHealthcare Systems Inc. and may include paid advertising.
Comprehensive Healthcare Systems (TSXV: CHS) (OTCQB: CMHSF) announced a new five-year agreement with the Teamsters Local 237 Welfare and Retirees Benefit Fund to deploy its Novus360(TM) cloud-based administration platform for healthcare benefits and retirement administration. The contract is 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 company said 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. CHS said the Teamsters Local 237 contract strengthens its 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.
To view the full press release, visit https://ibn.fm/0G5zr
About Comprehensive Healthcare Systems Inc.
Comprehensive Healthcare Systems Inc. is a corporation incorporated under the laws of the Province of Alberta and is the parent company of Comprehensive Healthcare Systems Inc. (Delaware). The Company is a vertically integrated software as a services (SaaS) company focused on digitizing healthcare with Healthcare Benefits Administration solutions, providing reliable and high-volume transaction-capable systems. The Company’s state-of-the-art Novus 360 Healthcare Welfare and Benefits Administration (HWBA) SaaS platform is used by clients for all aspects of healthcare benefits administration (including self-funded employers, providers, and labor unions), providing healthcare administrative software and technology-enabled services.
For more information about the company, please visit https://www.comphealthcare.com/
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