Private equity firm Francisco Partners will acquire Weave Communications for approximately $650 million in cash, valuing the NYSE-listed healthcare software company at $7.40 per share.
The transaction represents a 34% premium to Weave’s closing price on the last full trading day prior to the announcement. Upon completion, expected in the fourth quarter of 2026, Weave will delist from the NYSE and operate as a private entity while maintaining its headquarters in Lehi, Utah.
Weave, founded in 2008, provides patient engagement and payments software to more than 40,000 healthcare locations. Francisco Partners plans to invest in the company’s AI platform and expand its payments and revenue cycle management capabilities following the acquisition.
Brett White, Weave’s chief executive officer, said the partnership will help advance the company’s AI-driven platform and improve healthcare experiences across its customer base. Stuart C. Harvey Jr., chair of Weave’s board, noted the deal delivers a substantial premium and certain cash value to stockholders.
Jefferies LLC served as Weave’s exclusive financial advisor, while Orrick, Herrington & Sutcliffe LLP provided legal counsel to the target. Kirkland & Ellis LLP advised Francisco Partners on the transaction.
