Francisco Partners Completes Acquisition of Weave
Key Highlights
- ➤Francisco Partners completed Weave acquisition in an all-cash transaction valued at approximately $650 million
- ➤Weave stockholders receive $7.40 per share, a premium of approximately 34%
- ➤Weave common stock ceased trading and is no longer listed on the New York Stock Exchange
- ➤Weave continues as a privately held company headquartered in Lehi, Utah
- ➤Weave CEO Brett White said more than 40,000 locations rely on its solutions
Expert Statements
Brett White, Chief Executive Officer of Weave
“Today marks the start of an exciting new chapter for Weave”
Brett White, Chief Executive Officer of Weave
“For nearly two decades, Weave has built solutions for independent practices caring for patients in communities across the country.”
Brett White, Chief Executive Officer of Weave
“Today, more than 40,000 locations rely on us to deepen their relationship with patients through automated communication and engagement solutions.”
Brett White, Chief Executive Officer of Weave
“With Francisco Partners’ support and resources, we’re well positioned to deliver even more value to the practices we serve.”
Brett White, Chief Executive Officer of Weave
“I want to thank our employees, whose dedication made this milestone possible.”
Ezra Perlman, Co-President at Francisco Partners
“Weave sits at the center of how tens of thousands of healthcare practices communicate with their patients and collect revenue.”
Ezra Perlman, Co-President at Francisco Partners
“We are pleased to officially partner with Brett and the Weave team and see significant opportunity to build on that position through continued product innovation in AI-powered patient engagement and payments solutions.”
Transaction positions Weave to accelerate investment in its AI-powered platform for healthcare practices
Weave Communications, Inc. (“Weave”), a leading AI-powered patient engagement and payments platform purpose-built for healthcare practices, today announced the completion of its acquisition by Francisco Partners, a leading global investment firm that specializes in partnering with technology and technology-enabled businesses, in an all-cash transaction valued at approximately $650 million.
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