Francisco Partners completes $650 million Weave acquisition
Francisco Partners has completed its all-cash acquisition of Weave Communications, Inc. in a transaction valued at approximately $650 million. Under the merger agreement, Weave stockholders received $7.40 per share in cash, a premium of roughly 34% to the company's unaffected closing stock price on August 17, 2026. With the deal closed, Weave's common stock has ceased trading and is no longer listed on the New York Stock Exchange.
Francisco Partners has completed its all-cash acquisition of Weave Communications, Inc. in a transaction valued at approximately $650 million. Under the merger agreement, Weave stockholders received $7.40 per share in cash, a premium of roughly 34% to the company's unaffected closing stock price on August 17, 2026. With the deal closed, Weave's common stock has ceased trading and is no longer listed on the New York Stock Exchange.
The private equity firm specializes in partnering with technology and technology-enabled businesses, having invested in over 500 companies since its launch more than 25 years ago. Francisco Partners has raised over $75 billion in capital to date. Following the transaction, Weave will continue operating as a privately held company under its existing name, maintaining its headquarters in Lehi, Utah. The company's platform serves more than 40,000 customer locations, providing AI-powered patient engagement and payment solutions for healthcare practices.
Brett White, Chief Executive Officer of Weave, stated that the company has built solutions for independent practices for nearly two decades. He noted that with Francisco Partners' support, the company is positioned to deliver additional value to the practices it serves. Ezra Perlman, Co-President at Francisco Partners, described Weave as central to how tens of thousands of healthcare practices communicate with patients and collect revenue. He expressed confidence in building on that position through continued product innovation in AI-powered engagement and payments solutions.
Jefferies LLC served as the exclusive financial advisor to Weave, while Orrick, Herrington & Sutcliffe LLP acted as its legal counsel. Kirkland & Ellis LLP served as legal counsel to Francisco Partners. Weave was named a 2026 Best Software Awards winner for healthcare software products by G2.
The company's communication includes forward-looking statements regarding expectations following the acquisition. These statements are subject to risks and uncertainties, including potential disruption to current plans and operations due to the acquisition. Such risks may involve the loss of key personnel, business partners, suppliers, or customers. Actual results may differ materially from those projected due to these and other factors described in Weave's Annual Report on Form 10-K for the year ended December 31, 2025, and subsequent quarterly and current reports filed with the Securities and Exchange Commission.
Filed by the newsroom of MarketPR on October 27, 2026. Source: sec.gov. Indicative figures are not investment advice.