Vancouver, British Columbia—Comprehensive Healthcare Systems Inc. (TSXV: CHS), a leading provider of healthcare benefits administration software and services, has successfully closed its previously announced shares-for-debt transaction. The announcement, first made on January 23, 2025, detailed plans to reduce company liabilities by issuing equity.
According to the company, a total of $832,042.21 in outstanding debts has been settled through the issuance of 5,546,945 common shares at a post-consolidation price of $0.15 per share. This transaction marks a strategic effort by CHS to strengthen its balance sheet and improve its financial flexibility moving forward.
The transaction reinforces the company’s commitment to responsible financial management and long-term growth, as it focuses on expanding its influence within the healthcare benefits administration sector. The newly issued securities are subject to applicable regulatory approvals and resale restrictions in accordance with Canadian securities laws.
Founded to serve the complex needs of healthcare stakeholders, CHS provides innovative software solutions that streamline benefits administration. With this debt settlement, the company aims to better position itself for future development and investment opportunities.
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