Weave Communications (NYSE: WEAV), theINSURTECH leading patient engagement and PAYMENTS platform purpose-built for healthcare practices, has agreed to be acquired by Francisco Partners at an aggregate equity valuation of approximately $650 million, with stockholders receiving $7.40 per share in cash, a 34% premium to the unaffected closing price on August 17, 2026, after which Weave will delist from the NYSE and become private. The Lehi, Utah-based platform serves over 40,000 customer locations, handling patient interactions across voice and text, and through agentic AI workflows integrated with practice management systems, automates scheduling, insurance verification, and payments so nothing falls through the cracks. Goldman Sachs served as financial advisor and Latham & Watkins as legal advisor to Weave; Kirkland & Ellis served as legal advisor to Francisco Partners.

Weave to be Acquired by Francisco Partners in Strategic Fintech Move