Francisco Partners has completed its acquisition of Weave Communications, the patient communication and payments software company, Weave said on October 26, 2026. The all-cash deal is valued at about $650 million. Weave is now a private company, and it says it will keep operating under the Weave name from its headquarters in Lehi, Utah.
What happened
Weave and Francisco Partners, an investment firm focused on technology companies, first announced the agreement on August 18, 2026. At the time, the companies expected the deal to close in the fourth quarter of 2026, subject to a stockholder vote and regulatory approvals.
Under the terms, Weave stockholders receive $7.40 per share in cash. According to the release, that is about a 34% premium to Weave’s closing stock price on August 17, 2026, the last full trading day before the announcement. With the deal closed, Weave’s stock has stopped trading and is no longer listed on the New York Stock Exchange.
Weave says more than 40,000 locations use its software. It describes the product as an AI-powered patient engagement and payments platform that handles calls and texts and connects to practice management systems for scheduling, insurance verification and payments. In the October 26 release, CEO Brett White said that with Francisco Partners’ support, “we’re well positioned to deliver even more value to the practices we serve.”
Why it matters for dental practices
For a practice on Weave, the owner has changed, but the company says the name and headquarters stay the same. Neither release announces any change to products, pricing or contracts. In the August announcement, White said the deal would let Weave invest more in its AI platform and deepen its payments and revenue cycle management features. The October release repeats the plan to invest in Weave’s AI platform.
If you use Weave for phones, reminders or texting, it’s worth asking your account rep whether your contract terms, pricing, BAA or practice management software integration will change. Our Weave review covers what the product does today.
What we don’t know yet
Neither release gives a timeline for new features or says whether prices will change. They also don’t say whether Weave’s support or its practice management software integrations will change, so you’ll have to ask.
Sources
- Weave: Francisco Partners Completes Acquisition of Weave, accessed October 26, 2026
- Weave: Weave Announces Acquisition by Francisco Partners, accessed October 26, 2026
