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Comprehensive Healthcare Systems Inc Begins Trading on the TSX Venture Exchange Under the Ticker "CHS"
Edison, New Jersey--(Newsfile Corp. - October 18, 2021) - Comprehensive Healthcare Systems Inc...
About this update from Comprehensive Healthcare Systems Inc
[{"type":"text","content":"Comprehensive Healthcare Systems Inc Begins Trading on the TSX Venture Exchange Under the Ticker \"CHS\"Edison, New Jersey--(Newsfile Corp. - October 18, 2021) - Comprehensive Healthcare Systems Inc. (TSXV: CHS) (\"CHS\" or the \"Company\"), a one-stop software as a service (SaaS) company that is providing customized solutions through its healthcare administrative software to insurance companies, unions, hospitals, and other organizations in the medical space, had its common shares begin to trade on October 15, 2021 on the TSX Venture Exchange (the \"TSXV\") under the ticker symbol \"CHS\", following the completion of the qualifying transaction resulting in the reverse takeover (the \"RTO\") of Greenstone Capital Corp. (previously, TSXV: GSGS) by Comprehensive Healthcare Systems Inc. (\"CHS Delaware\"). Prior to the completion of the RTO, CHS Delaware raised an aggregate of just over C$9M through convertible debenture and subscription financings. Please refer to the filing statement of the Company dated September 28, 2021 (the \"Filing Statement\") available at www.sedar.com, for further details of the RTO and financings.CHS's proprietary software, HPS NOVUS, is a fully integrated and extensible platform for health and benefits administration, including insurance plan design, claim processing, record keeping and more. The platform was built with a modular approach that provides flexible and scalable solutions for all services relating to insurance and benefits.\"Listing CHS on the Toronto Stock Exchange is an important milestone that we are incredibly proud of,\" said President and CEO Dr. Hassan Mohaideen. \"As trading commences, CHS aims to scale by consolidating, digitizing and optimizing Third-Party Administration (TPA) businesses, a highly fragmented market ripe for consolidation and disruption. We are confident in our company's growth and excited for investors to share in the CHS opportunity.\"The Company has three principal mandates to drive growth: 1. Organic Growth, expanding the sales team - CHS achieved significant growth in recent years despite having a limited sales team. Adding to the sales team will unleash a new round of organic growth for its three business lines. CHS has added sales and marketing personnel and will be hiring a VP of sales in the coming months.2. TPA roll-up strategy - The Third-Party Administra...