Mr. Chris Cosgrove reports

COMPREHENSIVE HEALTHCARE SYSTEMS SIGNS LETTER OF INTENT TO ACQUIRE CLAIMRETURN, INC.

Comprehensive Healthcare Systems Inc. has entered into a non-binding letter of intent with Claimreturn Inc., effective Feb. 10, 2022, to acquire Claimreturn, a San Diego, Calif.-based premier artificial intelligence provider in the health care analytics and financial recovery space.

Claimreturn uses advanced AI technology to drive down the cost of health care by rapidly analyzing an organization's benefit plan and medical claims data. Claimreturn provides payment integrity solutions for payers that want to maximize overpayment recovery, reduce improper payment waste and promote the proper payment of medical claims. Claimreturn works with third party administrators (TPAs), self-administered plans, regional health plans and insurance companies -- as well as technology companies, medical providers, facilities and carriers -- to restore medical claims payment and pricing integrity.

"We're pleased to partner with Claimreturn. Claimreturn complements the Comprehensive Healthcare Systems family of technology products and services," said Chris Cosgrove, Comprehensive Healthcare president and chief executive officer. "This transaction demonstrates our continued commitment to expanding our footprint in analytics, advanced technology and data advancements in the health care industry. Claimreturn's capabilities will afford CHS the ability to continue to provide high-quality services to our clients nationwide. With health care claims in the U.S. exceeding $1.2-trillion dollars per year, we see a continued market opportunity to help drive down the cost of health care. Claimreturn shares our dedication to delivering technology-based health care payment and benchmarking services, and will allow us to forward our mission in developing technology and analytics that streamline the process for patients and consumers to better manage their health care."

"We are excited to expand our market presence with this investment from Comprehensive Healthcare Systems," said Kevin Tomkiel, Claimreturn CEO and president. "As we look to the future of AI and health care analytics, the creation of this new partnership is second to none."

A subsequent news release will be issued confirming the terms of the transaction once determined.

About Comprehensive Healthcare Systems Inc.

Comprehensive Healthcare Systems is a corporation incorporated under the laws of the Province of Alberta and is the parent company of Comprehensive Healthcare Systems Inc. (Delaware). The company is a vertically integrated software-as-a-service (SaaS) company focused on digitizing health care with Telehealth and health care benefits administration solutions, providing reliable and high-volume transaction capable systems. The company's state-of-the-art HPS Novus health care welfare and benefits administration (HWBA) SaaS platform is used by clients for all aspects of health care benefit administration (including insurance companies, hospitals, doctors and labour unions, through various corporation in which the majority shareholder has controlling ownership), providing health care administrative software, licensing and maintenance services.

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