Francisco Partners announced an agreement to acquire Weave Communications for approximately $650 million, with shareholders set to receive $7.40 per share in cash, a 34% premium over the prior closing price. Weave, founded in 2008, provides an AI-powered patient engagement and payments platform used by more than 40,000 healthcare practice locations. The deal was unanimously approved by Weave’s board and is expected to close in the fourth quarter of 2026, pending stockholder and regulatory approval.
