Weave Communications, Inc. announced on August 18, 2026, that it has entered into a definitive agreement to be acquired by Francisco Partners. The transaction, which carries an aggregate equity valuation of approximately $650 million, will result in Weave becoming a private company and ceasing to trade on the NYSE.
Under the terms of the agreement, Weave stockholders will receive $7.40 per share in cash. This amount represents a premium of approximately 34% to the unaffected closing stock price recorded on August 17, 2026.
Following the completion of the transaction, Weave will continue to operate under its own name and maintain its headquarters in Lehi, Utah. The company, which was founded in 2008, provides an AI-powered patient engagement and payments platform for small and medium-sized healthcare businesses.
Weave Chief Executive Officer Brett White stated that the partnership with Francisco Partners will allow the company to enhance investment in its AI platform and deepen its payments and revenue cycle management capabilities. Stuart C. Harvey Jr., Chair of the Weave Board of Directors, noted that the Board unanimously determined the transaction represents the best path forward for the company.
The acquisition is anticipated to close in the fourth quarter of 2026, pending customary closing conditions and approval by Weave stockholders and regulatory authorities.
Francisco Partners, a global investment firm specializing in technology and technology-enabled businesses, expressed interest in Weave's position at the center of how thousands of practices communicate with patients and collect revenue.
