Francisco Partners announced a $650 million take‑private deal to acquire Weave, the AI‑powered patient engagement platform founded in 2008. The Utah‑based company, headquartered in Lehi, Utah, serves small and medium‑sized healthcare practices, offering tools for communication, payments, and revenue management. Under the terms, Weave shareholders will receive $7.40 per share in cash. Brett White, the current CEO, will lead the transition as the company moves from public to private status.

“Weave is uniquely positioned to meet the growing demand for AI in healthcare practice management,” said Ezra Perlman, co‑president at Francisco Partners. The firm highlighted Weave’s vertical platform as central to how tens of thousands of practices interact with patients and collect revenue, noting the difficulty of replicating such a position. The transaction is expected to close in the fourth quarter of 2026.

Financial advisory services are provided by Jefferies LLC, while Orrick, Herrington & Sutcliffe LLP advises Weave and Kirkland & Ellis LLP represents Francisco Partners. A recent interview with Dipanjan “DJ” Deb, co‑founder and CEO of Francisco Partners, emphasized AI’s role in future exits and fundraising strategies.