Weave Communications

Healthcare Software · Private Equity · Patient Engagement

Acquisition

Francisco Partners closes $650M take-private deal for Weave

Shareholders accepted a 34% premium to cash out, swapping public-market scrutiny for private equity-backed investment in healthcare software.

• Francisco Partners completed its all-cash acquisition of Weave Communications for approximately $650 million, paying $7.40 per share.
• Weave runs an AI-powered patient engagement and payments platform used by more than 40,000 healthcare practice locations to manage scheduling, communications and billing.
• The $7.40 cash price represented a roughly 34% premium to Weave's unaffected closing stock price on August 17, 2026, the day before the deal was announced.
• Stockholders approved the merger on October 22, 2026 with over 96% of votes cast in favor, clearing the path for the stock to be delisted from the NYSE.
• Jefferies advised Weave and Kirkland & Ellis counseled Francisco Partners, a firm that has backed over 500 technology companies and raised more than $75 billion since launching 25 years ago.
• Weave will keep operating under its existing name and Lehi, Utah headquarters as a private company, with Francisco Partners funding further AI product development.
• The deal reflects a broader private-equity push to take undervalued vertical SaaS companies private and fund AI upgrades away from quarterly public-market pressure.