Comprehensive Healthcare Systems Inc. (TSXV : CHS) entered into a material interest purchase agreement to acquire Professional Benefit Administrators West LLC. for $1.5 million on September 21, 2022. Mark Lewandowski of Benveo, as Chief Innovation Officer of CHS. Transaction is subject to customary closing conditions including but not limited to, receipt of third party consents and approvals, approval of the TSXV. On October 17, 2022, Comprehensive Healthcare Systems Inc announce a non-brokered private placement of 30,000,000 units of the Company at $0.05 per Unit for gross proceeds of up to $1.5 million. The net proceeds of the Private Placement will be used for general corporate and working capital purposes and may also be used to fund the purchase price for the acquisition of Professional Benefit Administrators West, LLC. On December 12, 2022 Comprehensive Healthcare Systems closed the third and final tranche of its non-brokered private placement. Under the Final Tranche, the Company issued 5,400,000 units of the company (the "Units") at a price of $0.05 per Unit for gross proceeds of $270,000. Together with the first tranche and second tranche of the Private Placement, which closed on October 31, 2022 and November 29, 2022, respectively, the Company has issued a total of 34,800,000 Units, for aggregate gross proceeds of $1,740,000, under the Private Placement. As per the filling on November 29, 2022, Comprehensive agreed to pay $0.65 million in cash and $0.8 million in earnout payments.

Comprehensive Healthcare Systems Inc. (TSXV : CHS) completed the acquisition of Professional Benefit Administrators West LLC in January 2023.