Weave to Go Private in $650 Million Sale to Francisco Partners

Francisco Partners, a leading global investment firm specializing in technology and technology-enabled businesses, has entered into a definitive agreement to acquire Weave Communications, Inc., a publicly traded patient engagement and payments platform designed for healthcare practices. The all-cash transaction values Weave at approximately $650 million in aggregate equity value, with shareholders receiving $7.40 per share—a 34% premium to Weave's unaffected closing price on August 17, 2026.

Founded in 2008, Weave is an all-in-one customer experience and payments software platform serving small and medium-sized healthcare businesses. The company's solutions help independent practices attract, communicate with, and engage patients to support business growth. As of the announcement, Weave's platform serves more than 40,000 locations across the United States. Following deal close, Weave will become a private company and cease trading on the NYSE, though it will continue operations under the Weave name from its Lehi, Utah headquarters.

The transaction has received unanimous approval from Weave's Board of Directors and is expected to close during the fourth quarter of 2026. Kirkland & Ellis LLP is representing Francisco Partners as legal counsel on the acquisition. According to Weave CEO Brett White, the deal reflects the company's mission to serve independent healthcare practices often overlooked by larger software vendors. Francisco Partners' investment is expected to accelerate Weave's AI-powered platform capabilities in patient engagement and healthcare practice management.