Comprehensive Healthcare Systems targets $10 million revenue run-rate by 2026

Comprehensive Healthcare Systems Inc. (TSXV: CHS) (OTCQB: CMHSF) issued a shareholder letter from Chief Executive Officer Chris Cosgrove outlining the company's strategic progress and financial targets.

The Calgary-based healthcare benefits administration software company reported securing approximately C$35 million in total signed contracts across more than 20 clients. The company recently signed a 5-year contract with Amalgamated Life Insurance Company.

CHS operates the Novus 360 platform, which provides healthcare and retirement benefits administration services. The company supports over one million members across health and retirement plans and serves self-insured employers, labor unions, and third-party administrators.

The company targets an annualized recurring exit revenue run-rate of approximately US$10 million by the end of 2026. CHS expects gross margins between 65% and 70% and EBITDA of around 10%.

"We are executing with greater discipline, enhanced capabilities, and a clear path forward," Cosgrove stated in the letter. "As a result, we believe CHS is now positioned at an important inflection point—moving from restructuring to growth."

The company estimates its total addressable market at US$4 billion to US$6 billion within the U.S. healthcare benefits administration software market, according to Mordor Intelligence data cited in the letter.

CHS plans to expand within core markets by deepening client relationships and extending into adjacent verticals including self-insured employers and pension administration. The company is also pursuing partnerships and acquisition opportunities.

The platform incorporates artificial intelligence across workflows, analytics, and decision support systems. CHS continues investing in platform enhancements designed to improve efficiency and reduce administrative processes.

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