On Tuesday, Oracle Chairman Larry Ellison announced that the company will relocate its global headquarters to Nashville, Tennessee, citing proximity to a prominent healthcare hub as a key factor.
During a wide-ranging discussion with Bill Frist, former U.S. Senate Majority Leader, Ellison disclosed Oracle’s plans to relocate a substantial campus to Nashville, which he indicated would eventually serve as the company’s global headquarters. He highlighted Nashville’s prominence in the healthcare sector and its appeal as a place to live, noting the enthusiasm among Oracle employees for the move.
Ellison’s announcement appeared impromptu, prompting him to acknowledge, “I shouldn’t have said that,” during the fireside chat at the Oracle Health Summit in Nashville, where he engaged with Frist, a seasoned figure in the healthcare industry and former Tennessee senator. Following the revelation, Oracle’s stock saw minimal movement in after-hours trading.
Oracle’s shift from Silicon Valley to Austin, Texas, occurred in 2020. The company has intensified its focus on healthcare in recent years, notably through its acquisition of Cerner for $28 billion. Ellison admitted Oracle’s relatively recent entry into healthcare but stressed the company’s sense of duty to address industry challenges.
Nashville, renowned as a healthcare hub for decades, boasts a thriving ecosystem of health systems, startups, and investment firms. Its status was solidified when HCA Healthcare, a pioneering for-profit hospital company, was established there in 1968, attracting a wave of healthcare professionals and organizations to the city. Oracle has been constructing its new $1.2 billion campus in Nashville over approximately three years, as reported by The Tennessean.
Ellison expressed his team’s satisfaction with Nashville, envisioning it as pivotal to Oracle’s future endeavors.
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