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Weave Communications Acquires TrueLark for $35 Million

Story Highlights
  • Weave Communications acquires TrueLark to enhance AI-powered front-office automation.
  • The acquisition positions Weave to lead in intelligent automation for healthcare practices.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Weave Communications Acquires TrueLark for $35 Million

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Weave Communications ( (WEAV) ) has provided an update.

On May 4, 2025, Weave Communications announced its strategic acquisition of TrueLark, an AI-powered receptionist and front-desk automation platform, for $35 million. This acquisition aims to enhance Weave’s leadership in healthcare communications by integrating TrueLark’s AI capabilities, which will help automate front-office operations, improve patient engagement, and fill more appointments. The merger is expected to close in the second fiscal quarter of 2025, subject to customary closing conditions. This move positions Weave to address the growing demand for intelligent automation in multi-location healthcare practices, expanding its market reach and offering significant ROI to customers.

Spark’s Take on WEAV Stock

According to Spark, TipRanks’ AI Analyst, WEAV is a Neutral.

Weave Communications’ overall stock score reflects a mix of strong revenue growth and strategic initiatives, tempered by ongoing profitability challenges. The positive sentiment from the earnings call and planned strategic investments are significant strengths. However, the stock’s technical weakness and valuation concerns, due to negative earnings, weigh heavily on the score. The recent corporate event of a CFO transition, while positive with strategic growth plans, also adds a layer of uncertainty.

To see Spark’s full report on WEAV stock, click here.

More about Weave Communications

Weave Communications is a leading all-in-one customer experience and payments software platform tailored for small and medium-sized healthcare businesses. The company focuses on transforming how healthcare practices attract, communicate with, and engage patients and clients to enhance business growth. Weave’s solutions integrate billing and payment requests into communication workflows, streamlining payment processes and supporting practice profitability.

YTD Price Performance: -31.17%

Average Trading Volume: 981,984

Technical Sentiment Signal: Buy

Current Market Cap: $808.9M

For detailed information about WEAV stock, go to TipRanks’ Stock Analysis page.

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