Oracle is moving its global headquarters to Nashville | Wilnesh News

Oracle The company is moving its global headquarters to Nashville, Tenn., to be closer to major health care centers, Chairman Larry Ellison said Tuesday.

In a wide-ranging conversation with former U.S. Senate Majority Leader Bill Frist, Ellison said Oracle was moving a “huge campus” to Nashville “that will eventually become our global campus.” Headquarters”. He said Nashville is an established health center and a “great place to live,” and Oracle employees are excited about it.

“This is at the heart of the industry we care about most, which is health care,” Allison said.

The announcement seemed impulsive. “I shouldn’t have said that,” Ellison told Frist, a health care industry veteran who represents Tennessee in the Senate. The two spoke during a fireside chat at the Oracle Health Summit in Nashville.

Oracle shares were little changed in after-hours trading Tuesday.

Oracle moved its headquarters from Silicon Valley to Austin, Texas in 2020. Ellison said Tuesday that Oracle is relatively new to the health care space, but he believes the company has a “moral obligation” to address issues facing the industry.

Nashville has been a major player in health care for decades, and the city now has a vibrant network of health systems, startups, and investment firms. The city’s reputation as a health care center was further enhanced when HCA Healthcare, one of the nation’s first for-profit hospital companies, was founded in the city in 1968.

HCA helped attract a large number of health care professionals to Nashville, and other organizations quickly followed suit. According to reports, Oracle has spent about three years developing a new campus in the city at a cost of US$1.2 billion. Tennessee.

“Our people love it here and we think this is the center of our future,” Allison said.

Oracle did not immediately respond to CNBC’s request for comment.