Francisco Partners has completed its take‑private of Weave Communications, the AI‑powered patient engagement and payments platform for healthcare practices, in an all‑cash deal valued at about $650m. Weave shareholders will receive $7.40 per share in cash, a premium of roughly 34% to the company’s unaffected closing price on 17 August 2026, the last full trading day before the deal was announced. Following completion, Weave’s shares have stopped trading and been delisted from the New York Stock Exchange.
The acquisition adds a vertical software business to the portfolio of Francisco Partners, which specialises in technology and technology‑enabled companies. The transaction underscores Francisco Partners’ focus on technology and technology‑enabled companies, expanding its vertical software presence in the healthcare sector.
Source: PE Insights · Summarized by HeadlinesBriefing