Francisco Partners to Acquire Weave Communications for $650 Million

Investment firm Francisco Partners has entered into a definitive agreement to acquire Weave Communications at an equity valuation of approximately $650 million. Shareholders of the healthcare software provider will receive $7.40 in cash per share, representing a 34% premium over the company’s closing stock price on August 17, 2026.

Founded in 2008, Weave provides a software platform for patient engagement and payment processing, serving over 40,000 healthcare locations. The acquisition marks a transition for the company from a publicly traded entity on the New York Stock Exchange to a private firm. Weave will maintain its headquarters in Lehi, Utah, and continue operating under its existing brand name.

CEO Brett White stated that the partnership is expected to support further development of the company's AI-driven platform and payment management capabilities. The board of directors approved the deal following a strategic review of alternatives to ensure value for stockholders.