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Blake G. Modersitzki, a director at Weave Communications , Inc. (NYSE:WEAV), recently reported significant stock sales according to a filing with the Securities and Exchange Commission. On February 14 and 18, Modersitzki sold a total of 116,747 shares of common stock. The sales come as WEAV trades near its 52-week high of $17.63, having gained over 52% in the past six months, according to InvestingPro data. The transactions, executed through Pelion Ventures VI, L.P. and Pelion Ventures VI-A, L.P., were completed at a weighted average price ranging between $17.48 and $17.49 per share, amounting to approximately $2.04 million in total.
Following these sales, Modersitzki’s indirect holdings through Pelion Ventures VI, L.P. and Pelion Ventures VI-A, L.P. stand at 2,620,112 and 179,153 shares, respectively. Additionally, Modersitzki holds shares through other Pelion Ventures entities, including Pelion Ventures VII, L.P., Pelion Ventures VII-A, L.P., and Pelion Ventures VII-Entrepreneurs Fund, L.P. The transactions were conducted under a pre-established Rule 10b5-1 trading plan adopted in March 2024.
In other recent news, Weave has announced two significant partnerships aimed at enhancing operational efficiency and patient engagement across various healthcare sectors. The first collaboration is with Practice Fusion, integrating Weave’s platform with Practice Fusion’s cloud-based Electronic Health Records system. This integration introduces features like automated data sync, a VoIP phone system, two-way texting, and email marketing tools, all designed to improve communication and practice management for healthcare providers. The partnership is expected to enhance patient interaction and reduce no-shows, ultimately benefiting both Weave and Practice Fusion customers.
In a similar move, Weave has partnered with Prompt to improve management for physical therapy clinics. This integration addresses challenges such as disjointed communication systems and administrative burdens by combining Weave’s patient engagement tools with Prompt’s practice management features. The collaboration includes a VoIP phone system, two-way texting, automated missed-call texts, and simplified billing processes. It aims to increase patient engagement, reduce administrative work, and improve cash flow, ultimately leading to higher patient satisfaction and retention rates. Both partnerships reflect Weave’s commitment to streamlining healthcare operations and enhancing patient care through advanced technology solutions.
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