Oracle to move headquarters again, this time to Nashville
Oracle has unveiled plans to move its headquarters again, this time to Nashville, Tenn., to be closer to companies in the healthcare industry.
In a livestreamed interview put on by Oracle’s health division, Chief Executive Larry Ellison said Tuesday that the enterprise software company is moving a huge campus to the Southern city, and it will “ultimately be our world headquarters.”
“We want to be in a community where our people want to live,” he said in the interview that was with former Tennessee Sen. Bill Frist .
In 2020, the company, along with other Silicon Valley tech companies, unveiled its plans to move its headquarters from California to Austin, Texas. Oracle, which was founded in Santa Clara, Calif., in 1977, later had its headquarters in Redwood City.
The software giant, at the time of its move to Texas, said that relocation was part of an effort to have a more flexible approach to its workforce.
This latest move, Ellison said, was to help Oracle better integrate with the medical industry.
“It is the center of the industry we’re most concerned about, which is the healthcare industry, so in a sense, it was kind of easy to pick,” Ellison said.
Oracle made a big bet on the healthcare industry in its close to $30 billion acquisition of electronic medical records company Cerner, announced in 2021.
The Cerner deal gave Oracle a major presence in an industry that is one of the top drivers of growth for cloud computing. Ellison has said that healthcare is one of his company’s key focus areas.
Few large corporations have their headquarters in Nashville,
although some tech companies, such as Amazon, have a significant presence in the city.
Oracle had already purchased riverfront property in the city for an office complex. As part of the construction, the company also committed to building a pedestrian bridge over the river. Oracle shares, which have risen around 9% so far this year, climbed around 0.5% on Tuesday.
Though some tech firms have a significant presence in the city, few big corporations have HQs here