Southern Scripts, LLC has been acquired by Employers Health Network Holdings, LLC

April 29, 2016

Chaffe Securities, Inc, a wholly owned subsidiary of Chaffe & Associates, Inc. (together “Chaffe”) is pleased to announce that it acted as the exclusive financial advisor to Southern Scripts, LLC (“Southern Scripts”) in its sale to Employers Health Network Holdings, LLC (“EHN”).

Southern Scripts is the only pharmacy benefits management (PBM) company headquartered in Louisiana. Southern Scripts focuses on combining pass-through pricing and novel drug utilization management techniques to achieve significant savings on pharmacy benefits for its clients. Southern Scripts’ pharmacy networks consist of over 60,000 pharmacies nationwide.

EHN is a national provider of custom healthcare vendor networks to business coalitions and self-funded employers. Southern Scripts’ owners, LeAnn Boyd and Steven Boyd, have joined the EHN team and will continue in their roles as Southern Scripts’ CEO and Executive Vice President of Sales & Business Development, respectively.

Dr. LeAnn Boyd said: “For us, selling or merging our company was more than just a business transaction—it was about finding the right partner for long-term growth and success. EHN is a like-minded partner and shares our goal of creating simplified and straightforward healthcare for self-funded employer groups. Chaffe clearly understood our goals and was essential not only to navigating the process of the business deal, but also evaluating the structure and operations of the organization post-merger.”

With Southern Scripts’ focus on providing transparent pharmacy benefit management services, EHN enhances its ability to offer greater options for self-funded health plans. Together with Southern Scripts, EHN can now provide a more fully integrated healthcare network solution to clients nationwide.

Chaffe & Associates, Inc, is an investment banking firm headquartered in New Orleans. Chaffe provides merger & acquisition services, valuations, and other strategic advisory services to clients ranging from family owned businesses to publicly held corporations spanning a wide range of industries.