Weave Acquired by Francisco Partners

2 minute read | October.27.2026

Weave Communications, a leading AI-powered patient engagement and payments platform purpose-built for healthcare practices, 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.

Under the terms of the merger agreement, Weave stockholders will receive $7.40 per share in cash, representing a premium of approximately 34% to Weave’s unaffected closing stock price on August 17, 2026, the last full trading day prior to the transaction announcement. With the completion of the transaction, Weave’s common stock has ceased trading and is no longer listed on the New York Stock Exchange.

Orrick acted as counsel to Weave in the acquisition and has represented Weave on a variety of corporate and other matters since leading its IPO in 2021.

THE COMPANIES

Weave is a leading vertical SaaS company delivering an AI-powered patient engagement and payments platform purpose-built for modern healthcare practices.

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses.

THE IMPACT

“Today marks the start of an exciting new chapter for Weave,” said 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. Today, more than 40,000 locations rely on us to deepen their relationship with patients through automated communication and engagement solutions. With Francisco Partners’ support and resources, we’re well positioned to deliver even more value to the practices we serve. I want to thank our employees, whose dedication made this milestone possible.”

THE TEAM

Ramy Shweiky, Bill Hughes and Richard Smith led the Orrick team that advised Weave, which also included Kyle Zhu, Delia Bennett, Dev Patel, Kenneth Marx, Juliano Banuelos, Taylor Ball, Eric Wall, Sarah Schaedler, Jessica Schatz, Craig Falls, Joseph Adamson, Kristin Petersen, Matthew Coleman, Carly Owens, Dolph Hellman, Kay Zou and Jesse Shapiro.

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Ramy Shweiky Partner, Mergers & Acquisitions

San Francisco

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Mergers & Acquisitions

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Ramy Shweiky Partner

San Francisco

Ramy guides global technology companies and their financial sponsors in the technology sector on transformative corporate transactions. Leveraging his deep experience in tech and and AI, Ramy advises on deals ranging from large cross-border transactions, to technology buyouts and joint ventures. He also counsels boards and investors on fiduciary duties and other corporate governance matters.

Ramy is a member of the board of directors of Crisis Text Line, a global not-for-profit organization providing free mental health texting service. He has been recognized as a "Rising Star" in M&A by Super Lawyers.

Select Transactions

Workday in connection with several transactions, including its acquisitions of Sana Labs ($1.1 billion), Paradox ($1 billion), Pipedream, Flowise, Evisort, HiredScore ($530 million), VNDLY ($510 million), Peakon ($700 million) and Zimit.
Trimble in connection with its acquisition of several companies, including: Document Crunch, StructShare, Bilberry, Azteca Systems LLC (dba “Cityworks”), Vianova Systems AS, Nexala Ltd., Manhattan Software Group Ltd.; its sale of Spatial Dimension to an affiliate of Vela Software, its global divestment of four businesses to The Jordan Company, and and certain other confidential non-public transactions.
Weave Communications (NYSE: WEAV) in connection with its pending take-private acquisition by Francisco Partners at an equity value of ~$650 million.
Ipsen in connection with its acquisition of Kartos Therapeutics for up to $1.7 billion.
Marvell Technology in connection with multiple transactions, including its acquisition of Tanzanite Silicon Solutions.
Coda in connection with its acquisition by Grammarly.
Beacon Platform in connection with its acquisition by Clearwater Analytics ($560 million).
INKY in connection with its acquisition by Kaseya.
Bayer AG in connection with multiple transactions, including: the divestment of Bayer's West Sacramento biologics R&D site to Ginkgo Bioworks and related multi-year strategic partnership with Ginkgo Bioworks to accelerate R&D of biologics projects for agriculture; the sale of its global vegetable seeds business to BASF (announced deal value $1.19 billion); the formation of its BlueRock Therapeutics joint venture with Versant Ventures and subsequent acquisition of BlueRock Therapeutics (announced enterprise value $1 billion); its $215 million investment in Century Therapeutics, LLC; its cumulative investment of over $50 million in One Drop as lead investor in One Drop's Series B and Series C financings; its Unfold Bio joint venture with Temasek; its Joyn Bio joint venture with Ginkgo Bioworks; its Oerth Bio joint venture with Arvinas and related investment in Arvinas; its investment in the US$45 million Series C financing of Sound Agriculture; and several other strategic investments of Leaps by Bayer in an array of emerging growth life science companies.
FormFactor in connection with its $100 million divestment of FRT metrology.
Motorola Solutions in the sale of its Enterprise Mobility business to Zebra Technologies (announced deal value US$3.45 billion) (international aspects only) and certain other confidential non-public transactions.
Zynga in its $250 million acquisition of Chartboost.
Luminar Technologies in connection with its acquisitions of Freedom Photonics and Civil Maps.
Maxim Integrated Products in its acquisitions of Trinamic Motion Control BmBH and Icron Technologies; the sale of its MEMs business to Hanking Industrial; the sale/outsourcing of its manufacturing facility in San Antonio to TowerJazz; the sale of its smart meter/energy monitoring business to Silergy; the sale of its capacitive touch business to Qualcomm; and several other confidential non-public transactions.
Agilent Technologies in its spinoff of its electronic measurement business (known as Keysight Technologies).
NetScout Systems in connection with its acquisition of Danaher’s communication business (announced deal value US$2.6 billion) (international aspects only).
Symantec Corporation in the sale of its information management business (dba “Veritas”) to The Carlyle Group (announced deal value US$8 billion) (international aspects only).

Bill Hughes Partner, Capital Markets, Technology Companies Group

San Francisco; Silicon Valley

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Capital Markets
Technology Companies Group
Special Purpose Acquisition Companies (SPACs)

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Bill Hughes Partner

San Francisco; Silicon Valley

Bill counsels public and late-stage private companies on general corporate and transactional matters, including advising on initial public offerings, follow-on equity offerings, direct listings, investment grade debt offerings and convertible debt offerings. He also regularly advises companies on disclosure and reporting obligations under U.S. federal securities laws, corporate governance issues and stock exchange listing obligations.

Additionally, Bill advises founders and companies in connection with public listings through SPAC merger. Among other engagements, Bill represented Getaround, Inc., a connected carsharing marketplace, Clover Health Investments, Corp., a next-generation Medicare Advantage insurer, and the founders of DraftKings Inc., a digital sports entertainment and gaming company, in the respective de-SPAC transactions of those entities.

Chambers USA has ranked Bill for his expertise in Capital Markets Debt & Equity and noted that "He's a great lawyer, really technically sound."

Richard Smith Partner, Mergers & Acquisitions, Capital Markets

San Francisco

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Mergers & Acquisitions
Capital Markets
Technology Companies Group
Japan
Taiwan

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Richard Smith Partner

San Francisco

Richard also has represented clients in a wide range of SEC-registered, underwritten and privately placed stock and debt offerings, and he has assisted companies in connection with issuer tender offers (both equity and debt), recapitalizations, restructurings, share repurchase programs, and rights offerings. He regularly represents clients in the preparation and filing of periodic SEC reports, proxy statements and Williams Act reports. He also advises clients on compliance with the Sarbanes-Oxley Act of 2002, Dodd-Frank Act of 2010 and JOBS Act; reporting under and compliance with Section 16 of the Securities Exchange Act of 1934; disclosure and reporting issues; sales of restricted securities and sales of securities by insiders; universal proxy cards; and NYSE/NASDAQ rule compliance and inquiries.