Weave acquires TrueLark to enhance AI in healthcare

May 20, 2025•3 months ago

Acquiring Company

Weave Communications

Acquired Company

TrueLark

Lehi

Palo AltoHealth CareSoftwareArtificial IntelligenceInformation TechnologySoftware

Description

Weave has successfully closed its acquisition of TrueLark, marking a milestone in its strategy to lead AI in healthcare communications. TrueLark provides an AI-powered receptionist and automation platform, enhancing operations for healthcare practices. This transaction is expected to advance Weave’s impact on patient engagement and business growth.

Company Information

Company

Weave Communications

Location

1331 W POWELL WAY

Lehi, Utah, United States

About

Weave Communications is a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses. The company focuses on enhancing patient engagement and operational efficiency through innovative communication solutions. Weave's technology aims to automate workflows in healthcare settings, driving better appointment management and client interactions.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed