Water Street Healthcare Partners, a strategic partner and investor in three distinct sectors of healthcare, agreed to invest $100m in Southern Scripts, a transparent pharmacy benefit manager. "Southern Scripts plays a critical role in addressing rising prescription drug costs, one of the most severe health care pain points for US employers. The company has an outstanding industry reputation for its commitment to providing customers with straightforward pharmacy benefit services that deliver results. We are honored that Southern Scripts' founders chose Water Street as their partner," Ned Villers, Water Street Partner.