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LEHI, Utah - Weave (NYSE:WEAV), a customer experience and payments software platform for healthcare businesses, announced Tuesday an integration with Ortho2’s Edge Cloud practice management software for orthodontists. The company, currently valued at approximately $588 million, has maintained impressive revenue growth of ~20% over the last twelve months, with a robust gross margin of 72%.
The integration enables automated patient data synchronization between the two platforms, allowing orthodontic practices to maintain updated patient contact and appointment information through daily automatic updates.
Key features of the integration include a VoIP phone system with call identification that displays patient details when they call, automated missed-call text follow-ups, two-way texting capabilities, and automated appointment reminders.
The system also includes functionality for recall reminders and review solicitation, which can be customized and scheduled to be sent automatically after patient appointments.
"This integration delivers additional value to Weave and Ortho2’s Edge Cloud customers," the company stated in a press release.
Ortho2 is described as the largest provider of orthodontic practice management software in the U.S. and Canada, having operated in the industry for over 40 years.
Weave, which went public in 2021, positions its platform as a solution that connects "the entire patient journey" from initial contact through final billing, with the goal of helping healthcare practices streamline operations and reduce administrative tasks.
The company’s software integrates billing and payment requests into communication workflows to support practice profitability and improve payment timelines.
In other recent news, Weave Communications has been in the spotlight due to several significant developments. The company reported strong first-quarter performance, surpassing consensus expectations and leading to increased annual guidance. This success was partly driven by the specialty medical segment achieving record sales. Weave’s revenue for the March quarter was $56 million, exceeding Loop Capital’s estimate by $1 million.
Weave has also been active in strategic acquisitions, notably acquiring TrueLark for $35 million. This acquisition is expected to enhance Weave’s AI capabilities and contribute $2.5 million to its 2025 revenue, according to Piper Sandler. Analysts have responded to these developments with varied adjustments to Weave’s stock price targets. Stifel maintained a Buy rating with a $16 target, while Piper Sandler raised its target to $15, citing the company’s growth and acquisition strategy. Loop Capital adjusted its target to $16, and Goldman Sachs increased its target to $11, maintaining a Neutral stance. Additionally, Weave announced a new integration with Neo, a cloud-based veterinary practice management software, aimed at improving client communication and operational efficiency.
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