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Comprehensive Healthcare Systems Inc ( (TSE:CHS) ) has shared an update.
Comprehensive Healthcare Systems Inc. has signed a five-year agreement with Amalgamated Employee Benefits Administrators and Amalgamated Life Insurance Company to deploy its Novus360 administration platform across Amalgamated’s pension and employee benefits operations in the Taft-Hartley multi-employer union market. The contract, effective immediately, is expected to boost CHS’s annual revenue by roughly 25% over the term while maintaining historical cost ratios, strengthening its presence in the union and multi-employer benefits space and reinforcing its role as a key technology partner for integrated health and pension administration as Amalgamated modernizes and consolidates its systems.
Spark’s Take on TSE:CHS Stock
According to Spark, TipRanks’ AI Analyst, TSE:CHS is a Neutral.
The overall stock score reflects significant financial challenges, including ongoing losses, high leverage, and negative cash flows. While technical indicators suggest short-term momentum, the valuation remains unattractive due to a negative P/E ratio and lack of dividends. Strategic financial restructuring is critical for long-term viability.
To see Spark’s full report on TSE:CHS stock, click here.
More about Comprehensive Healthcare Systems Inc
Comprehensive Healthcare Systems Inc. (CHS) is a Calgary-based provider of healthcare benefits administration software and services, specializing in cloud-based platforms that manage pension and health benefits, including enrollment, claims processing, compliance tracking and analytics for multi-employer and union-based plans. The company’s flagship Novus360 platform targets third-party administrators and Taft-Hartley multi-employer union funds across the U.S., positioning CHS as a technology partner for integrated, scalable benefits and pension administration solutions.
Average Trading Volume: 23,473
Technical Sentiment Signal: Sell
Current Market Cap: C$8.7M
For a thorough assessment of CHS stock, go to TipRanks’ Stock Analysis page.