Geneva Woods receives big investment from Alaska-based investors

Geneva Woods Pharmacy Inc. on Monday announced a big equity investment by Chugach Alaska Corporation and other Alaska-based investors, who together have acquired a minority interest in the company.

Geneva Woods is a leading provider of integrated Long Term Care and home pharmacy services in under-served rural markets.

“We are excited to partner with a company that is innovating the ways in which we provide for the well-being of Alaskans and rural residents across the country,” Chugach CEO Gabriel Kompkoff said. “Access to quality healthcare in rural markets has been a challenge -- but one that Geneva Woods is at the forefront of improving.”

The investment will allow GWP to continue its consolidation efforts in under-served markets, while funding more technology adoption, standardization and compliance across all of its locations. In addition, GWP will increase its investment in new services.

“We are very excited to join with Chugach and their partners,” Chairman of Geneva Woods W. Thomas Gimple said. “They not only bring financial strength to Geneva Woods -- they also wholeheartedly share in our values and vision. Together we will do great things for the residents of our great State of Alaska and beyond.”

Chugach Alaska Corporation serves the interests of the native Alaskan people of the Chugach region through profitability, celebration of heritage and ownership of lands.