Francisco Partners Acquires Payments Platform Weave Communications for $650M

On Aug 18, 2026, Francisco Partners and Weave Communications announced a definitive agreement for Francisco Partners to acquire Weave at an aggregate equity valuation of approximately $650 million. Weave stockholders will receive $7.40 per share in cash, representing a 34% premium to the unaffected closing price on Aug 17, 2026. Weave is an AI-powered patient engagement and payments platform serving more than 40,000 small and medium-sized healthcare practice locations.

Upon closing, Weave will cease trading on the NYSE and become a private company. The company will continue to operate under the Weave name and maintain its headquarters in Lehi, Utah. Francisco Partners plans to invest in Weave's AI platform and expand its payments and revenue cycle management capabilities.