Agreement with Teamsters Local 237 contributes to US$12.1 million (C$17 million) in three new five-year contracts signed during the past six months
Calgary, Alberta--(Newsfile Corp. - June 25, 2026) - Comprehensive Healthcare Systems Inc. (TSXV: CHS) (OTCQB: CMHSF) (the "Company" or "CHS"), an industry leader in healthcare benefits administration software and services, today announced the signing of a new five-year agreement with the Teamsters Local 237 Welfare and Retirees Benefit Fund, one of the largest Teamsters-affiliated benefit organizations in the United States.
The agreement further expands CHS's presence within the Taft-Hartley and multi-employer benefits market and represents the third new five-year contract signed by the Company over the past six months. Collectively, these three agreements represent approximately US$12.1 million (approximately C$17 million) in total contract value.
When implemented, these agreements are expected to collectively generate, on average, additional revenue of approximately US$2.4M (approximately C$3.36 million) per year over the duration of the contracts.
Following the signing of the Teamsters Local 237 agreement, CHS's estimated value of signed contracts with all existing clients, or its order book, now stands at approximately US$27 million (approximately C$38 million).
"This agreement reflects the growing demand for modern administration technology among union-sponsored health and retirement plans," said Chris Cosgrove, Chief Executive Officer of Comprehensive Healthcare Systems. "Teamsters Local 237 is a highly respected organization serving tens of thousands of members and retirees, and we believe this partnership further validates the strength of our Novus360 platform."
Under the agreement, CHS will deploy its Novus360 cloud-based administration platform to support healthcare benefits and retirement administration functions, providing enhanced automation, workflow management, compliance oversight, reporting, and member services capabilities.
Teamsters Local 237 is one of the the largest Teamsters local union in the United States, representing approximately 25,000 active members and more than 7,000 retirees across New York City municipal agencies, public-sector organizations, healthcare institutions, educational facilities, and related public services.
The Teamsters agreement is strategically significant for CHS as it establishes an important reference client within the broader Teamsters ecosystem. The International Brotherhood of Teamsters represents approximately 1.3 million members across the United States and Canada. CHS's management team believes that successful implementation of the Novus360 platform positions CHS to pursue additional opportunities among Teamsters-affiliated health, welfare, pension, and retirement funds.