Francisco Partners to take health tech firm Weave private for $650m
- Brett White serves as CEO of Weave
- Weave was founded in 2008
Francisco Partners has agreed to acquire Weave, a Lehi, Utah-based AI-powered patient engagement and payments platform for healthcare practices, in a $650 million take-private deal.
According to the terms of the agreement, Weave stockholders will receive $7.40 per share in cash.
Weave serves small and medium-sized healthcare businesses.
Brett White serves as CEO of Weave.
“Weave is ideally positioned to capitalize on the healthcare industry’s large and growing demand for AI to help optimize their practices and services,” said Ezra Perlman, co-president at Francisco Partners. “Its vertical platform sits at the center of how tens of thousands of practices communicate with their patients and collect revenue, a position that is difficult to build and harder still to replicate.”
The deal is expected to close in the fourth quarter of 2026.
Jefferies LLC is serving as exclusive financial advisor to Weave and Orrick, Herrington & Sutcliffe LLP is serving as its legal counsel. Kirkland & Ellis LLP is serving as legal counsel to Francisco Partners.
Weave was founded in 2008.
PE Hub reporter Rafael Canton recently spoke to Dipanjan ‘DJ’ Deb, co-founder and CEO at Francisco Partners, where the topics ranged from AI and exits to the current fundraising environment.
