Business
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
Calgary, Alberta--(Newsfile Corp. - December 18, 2025) - Comprehensive Healthcare Systems Inc. (TSXV: CHS) (the "Company" or "CHS"), an industry leader in healthcare benefits administration software and services, is pleased to announce the signing of a five-year contract with Amalgamated Employee Benefits Administrators and Amalgamated Life Insurance Company, (Amalgamated) providers of life and health insurance solutions along with delivering health insurance and pension benefits administration.
About this update from Comprehensive Healthcare Systems Inc
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - December 18, 2025) - Comprehensive Healthcare Systems Inc. (TSXV: CHS) (the "Company" or "CHS"), an industry leader in healthcare benefits administration software and services, is pleased to announce the signing of a five-year contract with Amalgamated Employee Benefits Administrators and Amalgamated Life Insurance Company, (Amalgamated) providers of life and health insurance solutions along with delivering health insurance and pension benefits administration in the Taft Hartley Multi-Employer Union space, to deploy its advanced administration platform across the organization's pension and employee benefits operations.","length":686,"tagName":"p"},{"type":"text","content":"The agreement was signed on December 16th, 2025 and expected started date is immediately upon signing.","length":102,"tagName":"p"},{"type":"text","content":"The signing of this agreement will result in a significant increase in the Company's current revenue, approximately 25% on an annualized basis over the course of the contract. The Company expects the direct cost associated to fulfil this contract will be in the line with its historical average.","length":299,"tagName":"p"},{"type":"text","content":"Under this agreement, CHS will deliver a comprehensive solution that unifies pension plan management, benefits enrollment, claims processing, compliance tracking, and advanced analytics in a single, cloud-based platform. The system is designed to streamline administrative workflows, improve participant experience, and support sustained growth across multi-employer and union-based health and pension plans.","length":408,"tagName":"p"},{"type":"text","content":""This five-year partnership marks a defining moment for Comprehensive Healthcare Systems and for the future of Taft-Hartley health and pension benefits administration, as our battle-tested Novus360 platform is deployed with one of the largest and most respected administrators in the multiemployer union space. This could significantly expand the reach of a solution that has already proven itself with union clients across the U.S.," said Chris Cosgrove, CEO of Comprehensive Healthcare Systems","length":505,"tagName":"p"},{"type":"text","content":""By unifying health and pension administration on a single, modern, member-first syst...